You may have to pay tax on Social Security benefits

You may have to pay tax on Social Security benefits During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If you’re getting […]

July 31, 2019


Bartering: A taxable transaction even if your business exchanges no cash

Bartering: A taxable transaction even if your business exchanges no cash Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market value of goods that you receive in bartering is taxable income. And if you […]

July 29, 2019


Grading the performance of your company’s retirement plan

Grading the performance of your company’s retirement plan Imagine giving your company’s retirement plan a report card. Would it earn straight A’s in preparing your participants for their golden years? Or is it more of a C student who could really use some extra help after school? Benchmarking can tell you. Mind the basics More […]

July 25, 2019


If your kids are off to day camp, you may be eligible for a tax break

If your kids are off to day camp, you may be eligible for a tax break Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for the cost. The value […]

July 24, 2019


2019 Q3 tax calendar: Key deadlines for businesses and other employers

2019 Q3 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all […]

July 22, 2019