CARES Act and Other Stimulus for Individuals
We are facing uncertain times… COVID-19 is forcing all businesses and individuals to adjust in a multitude of ways. We all are rightfully concerned what this means as we navigate this unprecedented period. Our mission is to help you thrive. Details are changing rapidly, but below is the latest on what we know. Please share […]
Tax Law Changes: 2020 Updates
Lots of tax changes are coming your way for next year’s tax returns. As part of the Consolidated Appropriations Bill signed into law on Dec. 20, 2019, Congress formalized several tax extenders as well as some repeals on taxes related to the Patient Protection and Affordable Care Act. Each of these could affect your tax […]
Nonprofit Tax Regulations
Taxes are never simple. If you are a nonprofit working to understand the tax laws and make sure all the right paperwork is completed, we’re here to walk you through some details to navigate nonprofit tax regulations. Nonprofit vs. For-Profit Taxes Tax regulations vary depending on the type of organization involved. For-profit companies, regardless […]
Six tips to get a jump on your 2019 taxes
With the end of the year right around the corner, now is a great time to start planning ahead for tax time and making sure that you have put yourself in a good position for next April 15. Below we offer a few options to consider that may help make tax time a bit easier […]
Uber Eats: Sales Tax Changes
Did you know the sales taxes you charge have a new requirement? If your restaurant or food service business partners with Uber Eats, as of July 1 of this year, there’s a big change regarding sales tax. In Pennsylvania (and many other states), Uber Eats is now required to calculate and collect sales tax on […]
Get the Most Value from WOTC
Don’t leave valuable tax benefits on the table for your company. You’re running a complex business, with many layers of operations, services, and priorities. As you’re hiring the right people to make your business shine, it can be worthwhile to make sure you’re receiving all applicable benefits. One such opportunity is the Work Opportunity Tax […]
The 411 on 1099s
Even if they’re not a standard employee, those who you’re sending payment to for work completed still require tax forms. You may have heard of a 1099 form in relation to the ‘gig economy’ – as documents required by those who freelance or work short-term contract jobs on a rolling basis. But the gig economy […]
Which Type of Retirement Plan Should You Offer?
The present and the future. Good employers care about their employees – not only their current circumstances and their work responsibilities, but also their futures. But for small businesses, offering retirement benefits may be challenging. Even if you want to offer such a plan, deciding which one may be a good fit can be confusing. […]
Keep Your Books Clean
It’s time to wash those windows and do some Spring cleaning. And while you’re dusting those hard-to-reach places and shampooing the carpets, think about another form of Spring cleaning you should probably do: of your company books. If you’re set up well with QuickBooks Online or another bookkeeping tool, kudos to you for keeping all […]
Tax Change Recap: 6 Items to keep in mind for your 2018 filing
As the filing deadline for 2018 taxes is rapidly approaching, here is a quick recap of some of the major changes that have gone into effect this year that you should keep in mind as you prepare. Swapping the personal exemption for a higher standard deduction With the passage of the Tax Cuts and Jobs […]