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Profits: How low can you go?
Posted on: Tuesday, May 8, 2018
If your profits are falling compared to revenue and assets, your financial statements may provide insight into what’s happening and how to improve your performance. Watch for red flags
» Read moreSay, just how competitive is your business anyway?
Posted on: Wednesday, May 2, 2018
Every business owner launches his or her company wanting to be successful. But once you get out there, it usually becomes apparent that you’re not alone. To reach any level of success, you’ve got to be competitive with other similar businesses in your market.
» Read moreTax document retention guidelines for small businesses
Posted on: Thursday, April 26, 2018
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Tax record retention guidelines for individuals
Posted on: Wednesday, April 25, 2018
What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none. You need to hold on to all of your 2017 tax records for now. But it’s the perfect time to go through old tax records and see what you can discard. The 3-year and 6-year rules
» Read moreIndividual tax calendar: Important deadlines for the remainder of 2018
Posted on: Monday, April 23, 2018
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TCJA changes to employee benefits tax breaks: 4 negatives and a positive
Posted on: Thursday, April 19, 2018
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits. 4 breaks curtailed
» Read moreAfter IRS problems, taxpayers get an extra day to file
Posted on: Wednesday, April 18, 2018
Following computer system issues that appeared early yesterday morning, the Internal Revenue Service (IRS) has announced that taxpayers will have an additional day to file and pay their taxes. The new deadline is today, April 18, at midnight. The extension is automatic, so no extra steps are necessary to receive the extra time.
» Read moreYou still have time to make 2017 IRA contributions
Posted on: Wednesday, April 4, 2018
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible contributions can be beneficial. Don’t lose the opportunity
» Read moreShould you file Form SS-8 to ask the IRS to determine a worker’s status?
Posted on: Monday, April 2, 2018
Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the IRS is on the lookout for businesses that do this improperly to avoid taxes and employee benefit obligations.
» Read moreApply for a waiver if you’ve missed the 60-day IRA rollover deadline
Posted on: Thursday, March 29, 2018
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