by Sarah Boehle Pool | Dec 28, 2020 | Latest News
The 2021 “Social Security wage base” is increasing If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently announced that the maximum earnings subject to Social...
by Sarah Boehle Pool | Dec 24, 2020 | Latest News
Now more than ever, carefully track payroll records The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees...
by Sarah Boehle Pool | Dec 23, 2020 | Latest News
Taking distributions from a traditional IRA Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even more critical that you plan for withdrawals from these tax-deferred retirement...
by Sarah Boehle Pool | Dec 21, 2020 | Latest News
Business website costs: How to handle them for tax purposes The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally...
by Sarah Boehle Pool | Dec 17, 2020 | Latest News
Putting the finishing touches on next year’s budget By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items. As you put the finishing touches on your company’s spending plan for next year, be sure...
