by Sarah Stapley | Jan 6, 2022 | Accounting, Business, Payroll, Planning, Taxes
In Tax Tip 2021-103, the IRS recently reminded employers to undertake a thorough selection process when choosing a payroll services provider. Proceeding carefully is critical to both lessening the likelihood of fraud and ensuring that your compliance obligations are...
by Sarah Stapley | Dec 8, 2021 | Accounting, Business, Planning
It’s unlikely that any employer — be it a for-profit business, nonprofit or some other kind of organization — will look the same in five or 10 years as it does now. The COVID-19 pandemic has taught us just how rapidly change can occur when driven by necessity. To not...
by Sarah Stapley | Dec 2, 2021 | Accounting, Planning, Retirement, Savings, Taxes
What Is A 401(K)? Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work, here are some of...
by Sarah Stapley | Nov 11, 2021 | Accounting, holiday, Planning
Strategies for Donating Gifts to Charity or Gifting to Loved Ones As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved in these transactions. Donating...
by Sarah Stapley | Nov 9, 2021 | Business, Planning, Tips
Opening a New Location Calls for Careful Planning The U.S. economy has been nothing short of a roller-coaster ride for the past year and a half. Some industries have had to overcome seemingly insurmountable challenges, while others have seen remarkable growth...
by Sarah Stapley | Oct 21, 2021 | Accounting, Planning, Taxes
How is Your Tax Bill Affected If You Rent A Vacation Home Out? If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It depends on how many days it’s rented...