Blog Archives

Understanding Your Payroll Tax Liabilities

6/20/2018

On the federal level, employer-only taxes include Social Security tax, Medicare tax, and federal unemployment (or FUTA) tax, which are administered by the Internal Revenue Service (IRS). On the state level, employers are on the hook for state unemployment (or SUTA) tax, which is administered by the state workforce agency.

Do You Need to Hire a Business Consultant?

6/20/2018

Thinking that maybe an outside expert can help you solve an internal business problem? Here are the positives to hiring a business consultant. They can

Medicaid Trusts: Key for Long-Term Medical Planning

6/20/2018

A Medicaid trust can help you qualify for Medicaid while preserving your estate. But they're complicated, and you need to know the kinds of trusts available, and how they work.

Hobby vs. Business: What's the Difference to the IRS?

6/20/2018

What's in a word? A world of tax consequences when the word is "business" or "hobby."

How to Pick Insurance Deductibles

6/6/2018

A deductible is the amount you have to pay out of pocket. If a health insurance plan has a $1,000 deductible, you'd need to pay the first $1,000 before the plan covers any expenses. You're responsible for any copayments or coinsurance fees.

Inherited IRAs: Not Safe From Creditors

6/6/2018

Funds in an IRA aren't subject to creditors' claims — it's said they are exempt from inclusion in the bankruptcy estate. This rule is meant to help debtors who go through bankruptcy to get a fresh start. But when an IRA owner dies and the account is inherited and that person files for bankruptcy, does the rule still hold?

How Much of a Raise Should You Give?

6/6/2018

If you run a business with employees, you have at some point wondered how you should compensate them for good work. It's actually a much trickier task than people realize. You have to take into account employee morale, employee performance and market averages. To get a fuller picture of how to fairly distribute raises to your employees, keep reading.

What Every Employer Must Know About State Unemployment Tax

6/6/2018

Although most wages are subject to SUTA tax, certain wages may be exempt. In New York, for example, wages paid to babysitters under 18 years of age, church employees, and certain family members are exempt from SUTA tax. Therefore, it’s essential to check with your state unemployment agency to determine which wages are related to SUTA.

Understanding Your Payroll Tax Liabilities

Do You Need to Hire a Business Consultant?

Medicaid Trusts: Key for Long-Term Medical Planning

Hobby vs. Business: What's the Difference to the IRS?

How to Pick Insurance Deductibles

Inherited IRAs: Not Safe From Creditors

How Much of a Raise Should You Give?

What Every Employer Must Know About State Unemployment Tax

Newsletter articles are posted every 2 weeks.

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Newsletter articles are posted every 2 weeks. ​

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Newsletter articles are posted every 2 weeks.