by Stapley Accounting | Jan 11, 2023 | Employer
Affordable Care Act (ACA) Under the Affordable Care Act (ACA), applicable large employers (ALEs) must offer minimum essential health care coverage that’s affordable and provides minimum value to full-time employees and their dependents. An ALE may incur a penalty if... by Stapley Accounting | Jan 10, 2023 | Business
It might sound like the lingo of air traffic controllers — inbound vs. outbound. But Cache Valley businesses of all types must grapple with these concepts and their associated challenges when developing sales strategies. Inbound sales originate when someone contacts... by Stapley Accounting | Jan 5, 2023 | Retirement, Uncategorized
The 401(K) Plan Is A Great Way To Prepare for Retirement Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way... by Stapley Accounting | Jan 4, 2023 | Employer
At Stapley Accounting Services, LLC we know as an employer, you’re no doubt well aware of your responsibility to withhold employment taxes — such as Social Security, Medicare and income taxes — from employees’ compensation. And, of course, you need to report that... by Stapley Accounting | Jan 3, 2023 | Business
Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a good way to double-check your objectives and expectations is to revisit your business plan. Remember your business plan? If you... by Stapley Accounting | Dec 29, 2022 | Accounting, Savings
As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. But now, because many estates... by Stapley Accounting | Dec 28, 2022 | Employer
Know Your Limits The IRS recently announced the 2023-dollar limits and thresholds for qualified retirement plans, reflecting the latest cost-of-living adjustments. Here are some relevant amounts to be aware of: Contribution limits for 401(k)s and other defined... by Stapley Accounting | Dec 27, 2022 | Business
Retirement Plans Most growing small businesses reach a point where the owner looks around at the leadership team and says, “It’s time. We need to offer employees a retirement plan.” Often, this happens when the company is financially stable enough to administer a... by Stapley Accounting | Dec 22, 2022 | Uncategorized
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the proper use of the annual exclusion. The exclusion amount is adjusted for inflation annually, and for 2022,... by Stapley Accounting | Dec 21, 2022 | Employer
New COLAs For You! In October, the IRS released the 2023 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits applicable to many popular fringe benefits. Shall we pop open a few? Here are some highlights: Health Flexible Spending Accounts (FSAs)...
