Monthly Archives: January 2017

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30 01, 2017

As a New Business Owner, What do I Need to Know About Sales Taxes?

By | 2017-01-30T09:26:31+00:00 January 30th, 2017|Blog, Tax|Comments Off on As a New Business Owner, What do I Need to Know About Sales Taxes?

If you're a new business owner, you may wonder what you need to know about sales taxes. A lack of knowledge is costly. If you wrongly think you don't owe the tax and don't collect, or if you correct too little, you could have to pay big fines and penalties. In fact, there are several [...]

20 01, 2017

Congress Gives Small Employer HRAs the Green Light

By | 2017-01-20T14:40:35+00:00 January 20th, 2017|Blog, Monthly GAB|Comments Off on Congress Gives Small Employer HRAs the Green Light

Congress has approved the 21st Century Cures Act, which includes a provision allowing small employers to reimburse their employees for medical expenses under a health reimbursement arrangement without being liable for the draconian, $100 per day penalty for violating the Affordable Care Act’s rules. President Obama has indicated his approval of the bill. Background: Stand-alone [...]

20 01, 2017

Not Business as Usual for Employers: W-2 and 1099-MISC Filing Dates Moved Up

By | 2017-01-20T14:34:38+00:00 January 20th, 2017|Blog, Financial, Monthly GAB|Comments Off on Not Business as Usual for Employers: W-2 and 1099-MISC Filing Dates Moved Up

The IRS, in an effort to combat rampant tax filing fraud, has introduced what they hope will be two new fraud-prevention measures for the upcoming filing season. The first will purposely delay until February 15 the issuance of refunds for tax returns where there is an earned income tax credit (EITC) and/or a refundable child [...]

20 01, 2017

Why am I paying so much in taxes? To Save, Invest in Your Business and Claim Your Deductions

By | 2017-01-20T12:37:37+00:00 January 20th, 2017|Accounting, Blog, Business Advice|Comments Off on Why am I paying so much in taxes? To Save, Invest in Your Business and Claim Your Deductions

  Business owner, if you've ever wondered why you're paying so much in taxes, one reason may be that you're not investing enough in your company, or if you are investing, you're not claiming all allowable deductions. Other possible reasons include not paying as you go, your business is not established as the correct entity [...]

13 01, 2017

What Do I Need to Know About Payroll Taxes for My New Business?

By | 2017-01-13T11:13:12+00:00 January 13th, 2017|Blog|Comments Off on What Do I Need to Know About Payroll Taxes for My New Business?

  If you think you might know everything you need to know about payroll taxes for your new business, but you're not sure, be careful and be sure you're adequately prepared. What you don't know could cost you a lot of money and possibly even cause you to lose your business, due to the Internal [...]

6 01, 2017

5 Advantages SMBs Gain with QuickBooks Online Accounting

By | 2017-01-06T07:59:14+00:00 January 6th, 2017|Blog|Comments Off on 5 Advantages SMBs Gain with QuickBooks Online Accounting

  Doing the business's books has taken on a whole new meaning in today's online world, as “the books” have moved to hard drives and now the cloud. This isn't to say paperwork has disappeared completely from modern businesses, yet it does mean computers are integral for back-end processes. When it comes down to it, [...]