by Sarah Boehle Pool | Jul 20, 2020 | Latest News
Steer clear of the Trust Fund Recovery Penalty If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to the Social Security and income taxes required to be withheld...
by Sarah Boehle Pool | Jul 7, 2020 | Latest News
Launching a business? How to treat start-up expenses on your tax return While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being...
by Sarah Boehle Pool | Jul 2, 2020 | Latest News
Does your company have an emergency succession plan? For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially...
by Sarah Boehle Pool | Jul 1, 2020 | Latest News
Seniors: Can you deduct Medicare premiums? If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially if you’re married and both you and your...
by Sarah Boehle Pool | Jun 29, 2020 | Latest News
Business meal deductions: The current rules amid proposed changes Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that President Trump has proposed to help them is an increase in the amount...
by Sarah Boehle Pool | Jun 25, 2020 | Latest News
Businesses revise sales compensation models during pandemic Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked a certain way. Just a few weeks later, those projections had changed...
