How to reduce the tax risk of using independent contractors

How to reduce the tax risk of using independent contractors Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility for withholding income taxes and the worker’s share of payroll […]

September 24, 2018


Prepare for valuation issues in your buy-sell agreement

Prepare for valuation issues in your buy-sell agreement Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure you’re prepared for the valuation issues that will come into play. Issues, what issues? Emotions tend to run high when owners […]

September 20, 2018


Play your tax cards right with gambling wins and losses

Play your tax cards right with gambling wins and losses If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA) could also have an impact. Wins and taxable income You must report 100% of your […]

September 19, 2018


Keep it SIMPLE: A tax-advantaged retirement plan solution for small businesses

Keep it SIMPLE: A tax-advantaged retirement plan solution for small businesses If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract and retain employees. For a variety of reasons, a […]

September 17, 2018


Business tips for back-to-school time

Business tips for back-to-school time Late summer and early fall, when so many families have members returning to educational facilities of all shapes and sizes, is also a good time for businesses to creatively step up their business development efforts, whether it’s launching new marketing initiatives, developing future employees or simply generating goodwill in the […]

September 13, 2018