October 15 was the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to the COVID-19 pandemic.) If you’re finally done filing last year’s return,…
Finding resources for COVID-19 relief programs can be overwhelming. Many states provide information on their websites about programs they have made available for their resident businesses. If you operate a business in Kansas or Missouri, you’ll find the latest information…
If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should carefully record your expenses in order to claim the full amount…
As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as…
Employers across the U.S. are scrambling to comply with the newly enacted Families First Coronavirus Relief Act (FFCRA). The Department of Labor (DOL) has issued new guidance regarding employers’ responsibilities. Business owners can find resources including the Employer Fact Sheet,…
The coronavirus (COVID-19) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain…
As part of the Coronavirus Preparedness and Response Supplemental Appropriations Act, which was signed by President Trump on March 6, 2020, the Small Business Administration (SBA) was authorized to provide low-interest loans to U.S. small businesses and nonprofits suffering substantial…
By Stacy Smith, CPA We’re heading into a new year; W-2s are out the door, you’re starting to think about your 2019 tax return…what else should you be doing when it comes to your finances? Let’s talk about record retention.…
You don’t think a cybersecurity incident will happen to you until it does! September is National Preparedness Month, a reminder to families and businesses to take time to look at disaster and emergency planning. This year’s theme is Be Prepared,…
With a September 30 deadline looming, employers with 100 or more employees need to prepare and submit EEO-1 Component 2 information. The Component 2 requires employers to report wage information from W-2 forms along with total hours worked by employees…