by Sarah Boehle Pool | Dec 9, 2021 | Latest News
EIDL program retooled for still-struggling small businesses For many small businesses, the grand reopening is still on hold. The rapid spread of the Delta variant of COVID-19 has mired a variety of companies in diminished revenue and serious staffing shortages. In...
by Sarah Boehle Pool | Dec 8, 2021 | Latest News
Employers: The Social Security wage base is increasing in 2022 The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income...
by Sarah Boehle Pool | Dec 2, 2021 | Latest News
Opening a new location calls for careful planning The U.S. economy has been nothing short of a roller-coaster ride for the past year and a half. Some industries have had to overcome seemingly insurmountable challenges, while others have seen remarkable growth...
by Sarah Boehle Pool | Dec 1, 2021 | Latest News
You may owe “nanny tax” even if you don’t have a nanny Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who isn’t an independent contractor) may make you liable for...
by Sarah Boehle Pool | Nov 29, 2021 | Latest News
Get your piece of the depreciation pie now with a cost segregation study If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow you to...
by Sarah Boehle Pool | Nov 24, 2021 | Latest News
Vacation home: How is your tax bill affected if you rent it out? If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It depends on how many days it’s...
