A quick photo, taken while attending the McDonald’s Worldwide Convention in April, turned into a summer-long series of fundraising efforts, fueled by the generous employees of #TeamMize. Mize team members were inspired to embrace something they love to do and…
If you’ve been around the business world in the last 20 years, the topic of mismatch notices may be familiar to you. A quick search on “Google” and you will find other instances when the Social Security Administration (SSA) announced…
We’re heading into the holiday season and many companies provide extra goodies to employees at this time of the year. Don’t forget that what seems like a gift may actually be considered compensation by the IRS. IRS Publication 15-B goes…
Restaurants have revolving doors when it comes to keeping staff. And it’s incredibly difficult to find reliable, experienced staff, chefs and managers. Add tight profit margins and finicky customers to the mix and it’s no wonder many owners don’t think…
If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract and retain employees. For a…
Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility for withholding income taxes and…
Mize Houser professionals Gary Powell, CPA, and Alyssa Sharp, CPA, are enthusiastic advocates for the Kansas Society of CPAs, an advocacy and education organization to support accounting professionals. As leaders in the Kansas Society of CPAs Kansas City Metro Chapter,…
Carol Casale, CPA/ABV, CVA The Tax Cuts and Jobs Act may prove to be historically influential legislation for the restaurant industry. While it’s true that some restaurant owners will benefit from the legislative changes more than others, there is one…
One of the biggest concerns for family business owners is succession planning — transferring ownership and control of the company to the next generation. Often, the best time tax-wise to start transferring ownership is long before the owner is ready…
About a year ago, millions of Americans’ personal information was compromised through a hack of the Equifax database. One of the cautionary steps for consumers was to initiate a credit freeze with all three of the main credit bureaus –…