We have exciting news to share with you about an additional leadership investment in our payroll service. As this segment of our business continues to grow and as we expand into future integrated HR services, we felt the need for…
As we enter 2021, be sure you understand the recent changes to annual limit adjustments to a number of benefit programs and also a reduction in business mileage. We’ve summarized changes to 401(k), IRA, HSA, and business mileage limits below.…
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a smart way to build a substantial sum of money. If…
Taxpayers who received a PPP loan need to know about a recent IRS guidance if they expect to have expenses covered under the loan agreement. The CARES Act specifically makes the discharge of PPP loans a non-taxable transaction. Originally businesses…
The IRS announced that they are sending 500 series of balance-due notices to taxpayers after they were paused in May because of the pandemic. Because of a backlog of notices, due to the IRS furloughing employees, the IRS temporarily suspended…
Businesses that received a Paycheck Protection Program (PPP) loan of $50,000 or less can now take advantage of a simpler loan forgiveness application according to the U.S. Small Business Administration and the Treasury Department. PPP lenders are also provided additional…
What is a Marketplace Facilitator? If you sell products online using marketplaces like Etsy, Amazon or any delivery services such as Door Dash or UberEats, you should be aware of the complexities this causes when it comes to collecting and…
IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. In fiscal year 2019, the…
If you’ve answered your phone only to hear an automated voice simulation that attempts to sound like a real person or if you’ve noticed fake Caller ID profiles (Caller spoofing), you may have been the target of a vishing scam.…
If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will I have to pay? It depends on your other income. If you’re taxed, between 50% and…