The deadline for providing employees with their Form W-2 for 2020 and independent contractors who received at least $600 in 2020 with their … Read more about 5 Last Minute Tips for W-2s and 1099s
Recovery Strategies: 5 Issues for Long-Term Work-From-Home Policies
As has been our practice in the past couple of years, we’ve adopted a theme for a monthly blog. This year’s theme: Recovery strategies. When the … Read more about Recovery Strategies: 5 Issues for Long-Term Work-From-Home Policies
What’s New for Employee Benefits This Year?
The Consolidated Appropriations Act, 2021 (CAA), signed into law on December 27, 2020, changed some important rules impacting various employee … Read more about What’s New for Employee Benefits This Year?
Company Support for Working Parents: Win-Win
According to a study by Maven and Great Places to Work, companies that provide support for employees with childcare responsibilities have 5.5 times … Read more about Company Support for Working Parents: Win-Win
Not Like Last Year’s New Year’s Resolutions
2020 began on a note of high optimism for small businesses. The NFIB Small Business Economic Trends in January 2020 showed an optimism rating of … Read more about Not Like Last Year’s New Year’s Resolutions
Preparing for Economic Changes: Closing Your Books for 2020
2020 has come to an end. If you are still in business, congratulations. The statistics on small business closures are grim. Yelp found that 60% of … Read more about Preparing for Economic Changes: Closing Your Books for 2020
Shoplifting: 5 Actions to Address the Problem
Last year, there were over a million shoplifting cases reported, with an average of $318 lost in each incident. But these are only the cases tracked … Read more about Shoplifting: 5 Actions to Address the Problem
High-Purpose Cultures for Small Businesses
A study has shown that CEOs who emphasize culture over other success metrics will thrive. This is a great message at a time when many small … Read more about High-Purpose Cultures for Small Businesses
What Does Partnership and LLC Status Mean from a Tax Statistics Perspective?
A profile of partnerships and LLCs from a tax perspective A partnership is not a taxpaying entity, but files an annual tax return, Form 1065, to … Read more about What Does Partnership and LLC Status Mean from a Tax Statistics Perspective?
Year-End Bonuses for a Year Like No Other
It’s been reported that about 66% of all businesses plan to give year-end bonuses in 2020. But is this true for small businesses? Many have closed; … Read more about Year-End Bonuses for a Year Like No Other
When Is It Time to Close a Business?
According to TrackTheRecovery.org, the number of small businesses that were open on November 16, 2020, as compared with January 1, 2020, decreased by … Read more about When Is It Time to Close a Business?
Answers to Year-End Tax Planning Questions
On November 3, 2020, I did a SCORE LIVE webinar on Year-End Tax Planning for Your Business (you can listen to a recording). Due to high attendance, … Read more about Answers to Year-End Tax Planning Questions
Preparing for Economic Changes: Added Costs of Doing Business
Economic change can result from any number of factors. The one most prominent now is the pandemic, which caused dramatic shifts in the business … Read more about Preparing for Economic Changes: Added Costs of Doing Business
5 Ways Not to Waste Your Time and Efforts
Time is a precious commodity. If you are now working remotely and saving minutes or hours each day that you don’t have to commute, it’s still … Read more about 5 Ways Not to Waste Your Time and Efforts
Payroll Tax Issues for Remote Workers
Telework was a growing practice before the pandemic. With stay-at-home orders, the number of employees working remotely skyrocketed. Even as these … Read more about Payroll Tax Issues for Remote Workers
