What would you like to find in your stocking this year? How about a lower tax bill for 2016! Brought to you by the friendly elves at your CPA firm, here they are, the 12 days of tax tips. Each day, unwrap a tax tip that can help you or your business save on your…
The Internal Revenue Service (IRS) has issued a reminder that it will be delaying refunds for taxpayers claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). The delay is meant to give the IRS more time to detect fraudulent tax refunds, which have become a growing problem in recent years….
There are some prevailing stereotypes associated with successful CEOs. They’re loud and extroverted, with a penchant for self-promotion. While that might be true of some, there’s a lot more to a CEO’s success than those factors. Based on data compiled by Harvard Business Review, the stereotype might not be quite accurate. Using several different evaluation…
Late yesterday, a federal judge in Texas blocked the Department of Labor’s ruling on overtime pay, which was set to take effect on December 1st. This is the ruling that would require employers to pay employees making under $47,476 per year at a rate of time and one half their regular hourly pay, for all…
Holiday shopping season goes into full gear this week, as consumers and retailers prepare for Black Friday. Whether you’ve meticulously planned out your purchases or you just wing it and buy everything on December 23rd, you might want to consult this list of the 15 Worst Things to Buy During the Holidays. Here are some…
Earlier this year, The Department of Labor announced a Final Rule on overtime pay. Hopefully, you’ve had time to prepare for implementation, which occurs December 1, 2016. Here are some key provisions of the Final Rule: All workers earning up to $913 per week, or $47,476 annually for a full-year worker, must be paid at…
Section 415 of the Tax Code, which limits the allowable contribution amounts to retirement plans, is reviewed every year and cost-of-living adjustments are made. The IRS has determined that beginning in 2017, some of these limits will go up. The following contribution amounts will remain the same, at $18,000 per year: 401(k) plans 403(b) plans…
Are your top performers satisfied at your business? Hopefully you have an open dialog with your employees, and you have an idea of how they’re feeling about their jobs. However, there are some things that signal an employee’s impending departure. A recent article from The Creative Group looks at these signs. Here are some things…
Don’t worry, this isn’t another political post! As you know, election 2016 is imminent. Did you also know that in some states, employers have legal responsibilities on voting day? Attorney Richard Alaniz advises employers to familiarize themselves with their legal obligations and plan ahead. “With the election looming, companies that are required to offer time…
The IRS has announced a new deadline for W-2 and 1099 filings. It is important to plan now, as the deadline has been moved up. From CPA Practice Advisor: “Historically, filers were required to provide W-2 and 1099-MISC forms to recipients by January 31; however, they were not required to submit the forms to the…
