The Kansas legislature has passed the Attracting Powerful Economic Expansion Act (APEX) which takes effect July 1, 2022. APEX provides for a variety of tax incentives to qualified firms that agree to invest at least $1 billion in Kansas within…
When you hear “retirement plan”, many of us think immediately of 401(k) plans, and rightfully so. Since their establishment in the late 1970s, 401(k)s have been offered by companies of all sizes and offer valuable tax benefits for both employers…
As April 15 creeps closer and closer, your accountant may tell you that your tax return is going to be extended. Extending your return provides an additional six months to complete your return, with a new due date of October…
If you’re self-employed and travel for business, your spouse might travel with you. Are their travel expenses tax deductible? The short answer? Probably not, unless your spouse is an employee of your company. If that’s the case, their travel costs…
Many entrepreneurs start their businesses as sole proprietors. It’s an easy way to dip your toe in the water of being self-employed, but it’s important to meet your tax obligations. Here are some things to be aware of: Schedule C.…
If your small business is experiencing cash flow constraints, you’re not alone. The pandemic has lengthened the Days Sales Outstanding (DSO), the average number of days that it takes to collect payment for a sale, also known as the average…
The uncertainty of the past couple of years have caused many people to rethink their job situation. Some people have decided to quit working for someone else and have launched a new business, even in the midst of a pandemic.…
To run a successful business, you need to focus on more than just day-to-day operations. It’s also critical to pay attention to all aspects of your business – sales & marketing, customer service, research & development, and accounting. If you…
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here's a rundown of those that may be important to you and your business. Social Security tax The amount of…
Business travel has substantially decreased over the past couple of years due to the pandemic, but from time to time, employees still need to travel for work-related reasons. Maybe it’s driving between different employer-owned locations within a workday, or maybe…