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QUESTIONS ABOUT TAXES AND TIPS? HERE ARE SOME ANSWERS FOR EMPLOYERS
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance with federal and state tax regulations is vital if your business has employees who receive tips. ARE TIPS BECOMING TAX-FREE? During the campaign, President
LOOKING AHEAD TO 2025 TAX LIMITS AS YOU PREPARE TO FILE YOUR 2024 RETURN
Right now, you are likely more concerned about your 2024 tax return than you are about your 2025 taxes. However, now is a good time
3 TYPES OF RETIREMENT PLANS FOR GROWING BUSINESSES
For companies that make it past their initial stage, there comes a time when they must loosen up the purse strings and start investing in
EARLY BIRD TIPS: ANSWERING YOUR TAX SEASON QUESTIONS
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and
HEALTHY SAVINGS: HOW TAX-SMART HSAs CAN BENEFIT YOUR SMALL BUSINESS AND EMPLOYEES
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a
SENIOR TAX SAVING ALERT: MAKE CHARITABLE DONATIONS FROM YOUR IRA
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you
GET TAX BREAKS FOR ENERGY-SAVING PURCHASES THIS YEAR BECAUSE THEY MAY DISAPPEAR
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them
SELF-EMPLOYMENT TAX: A REFRESHER
If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security
THE NANNY TAX: WHAT HOUSEHOLD EMPLOYERS NEED TO KNOW
Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily chores. However, as a household
THE AMOUNT YOU AND YOUR EMPLOYEES CAN SAVE FOR RETIREMENT IS GOING UP SLIGHTLY IN 2025
How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living