Accounting Myth Busting: Switching Your Accountant Is Costly
Change is hard, even when you know it’s the right thing to do. That is just as true in business as in every other human endeavor. And so, we put it off. We find ways Read More
Apr 09, 2021
Using Cash Flow Forecasting to Avoid Problems & Grow Your Business
Every business owner knows the importance of cash flow. It’s what keeps the lights on and keeps things moving forward. But cash flow is not the same thing as your bank balance today vs. yesterday. Read More
Apr 07, 2021
Employee Retention Credit: Help for Nonprofits
If your not-for-profit managed to keep staffers employed throughout the COVID-19 pandemic, there could be a tax reward. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, employers may be entitled to claim an Read More
Apr 01, 2021
A Closer Look at Durable Power of Attorney
As the COVID-19 pandemic taught many Americans, serious illness may strike at any time and any age. Of course, in ordinary times, older Americans are at risk of becoming physically or mentally incapacitated. So if Read More
Apr 01, 2021
Selecting the Right Payroll System for Your Construction Business
Construction payroll can be complex, but with the right system in place, it doesn't have to be stressful. Up-to-date payroll solution generally saves money by preventing costly math mistakes and helping you manage payroll taxes. Read More
Apr 01, 2021
Is the tax deadline extended for your 2020 taxes?
The IRS announced the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. This postponement applies to many individual tax filers Read More
Mar 31, 2021
Big Changes to the Child Credit for 2021
The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the pockets of eligible parents this year. However, the liberalizations are only for the Read More
Mar 31, 2021
The Evolution of the Employee Retention Credit
The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress created a novel tax break — the Employee Retention Credit (ERC) — Read More
Mar 31, 2021
Penalties Imposed on Employers for Federal Labor Violations
The U.S. Department of Labor's Wage and Hour Division (WHD) recently issued news releases announcing judgments against three companies investigated for various violations of laws and regulations. Here are the details. Case Number 1: Read More
Mar 18, 2021
Self-Employed May Be Eligible for COVID-Related Tax Breaks for 2020
If you're self-employed as a sole proprietor, partner or limited liability company (LLC) member, COVID-relief legislation passed in 2020 included tax breaks that may affect your 2020 personal federal income tax return. In some cases, Read More
Mar 17, 2021