News & Updates

The Child Care and Dependent Tax Credit for 2021

7/14/2021

The Child and Dependent Care Tax Credit is available to parents and caregivers who are either working or looking for work and who claim dependents on their tax return. The credit is available to those who care for children under age 13 or a spouse or dependent of any age who is physically or mentally incapable of caring for himself or herself.

Focus on Forecasting: Keeping Your Business on Track

7/14/2021

Planning Ahead for Tax Credits and Deductions

7/14/2021

Everybody wants to pay as little in taxes as possible. Most people use software or hire an accountant to help them find all the deductions they can subtract from their taxable income and all the credits they can subtract from their final bill. But most tax breaks require you, the taxpayer, to plan ahead.

Retirement Investment Options: The Pros and Cons

7/14/2021

The varieties of instruments that can be used to create an investment portfolio are as vast as the night sky has stars. The possibilities range from tangible assets like a home, physical possession of gold bars, to creation of a wine collection that you bet your future on. Some of these investments are much more speculative than others.

Nonresident Aliens and Tax Returns

6/30/2021

Form 1040-NR is a version of the IRS income tax return for nonresident aliens to file if they engaged in business in the United States during the tax year or otherwise earned income from U.S. sources throughout the year. The form is also filled out by representatives of a deceased person who would have filed and for an estate or trust that needs to file the form. As with the regular Form 1040, those who fill out Form 1040-NR may either owe more money or be entitled to a refund.

7 Steps To Prepare for Retirement

6/30/2021

If the pandemic proved anything, it's that life tends to get in the way of our plans — including retirement plans. Over the course of the pandemic, many people were forced to retire early, others decided they wanted to retire and still others opted to change their planned retirement date. The number of people affected is high; a recent survey found that more than 80% of Americans say their retirement plans were impacted by the pandemic.

Is This Your Situation: You Don't Know Your Company's Metrics and KPIs

6/30/2021

"Key performance indicators" let you know whether or not your business is on track for success. Operating a business without KPIs is like piloting a plane without instruments. KPIs shine a light on performance and reveal which areas in your business need attention.

Tax Treatment for Family Members Working in the Family Business

6/30/2021

What kind of business is a mom-and-pop operation? It's probably not a question you pondered when you dreamed of going into business with your spouse. If your spouse is integral to carrying on its operations and shares in the profits and losses, you may consider yourselves partners without the formal partnership agreement.

DOL Withdraws Independent Contractor Rule

6/2/2021

In May 2021, the Department of Labor withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” final rule. According to the Society for Human Resource Management, "The DOL has traditionally analyzed a number of factors to consider whether a worker is an independent contractor or employee and looked at 'the totality of the circumstances.' The withdrawn rule would have applied a more-limited economic-reality test."

5 Pressing Post-Pandemic Health Concerns

6/2/2021

These are hard times for businesses trying to navigate the various rules and regulations related to reopening after the pandemic. No business wants to get caught up in litigation if it can be avoided. Five of the most pressing health-related concerns are discussed here:

<<Previous

The Child Care and Dependent Tax Credit for 2021

Focus on Forecasting: Keeping Your Business on Track

Planning Ahead for Tax Credits and Deductions

Retirement Investment Options: The Pros and Cons

Nonresident Aliens and Tax Returns

7 Steps To Prepare for Retirement

Is This Your Situation: You Don't Know Your Company's Metrics and KPIs

Tax Treatment for Family Members Working in the Family Business

DOL Withdraws Independent Contractor Rule

5 Pressing Post-Pandemic Health Concerns

Newsletter articles are posted every 2 weeks.

Archives

Categories

Newsletter articles are posted every 2 weeks. ​

Archives

Categories

Newsletter articles are posted every 2 weeks.