Summary: It doesn’t matter whether your business brings in $50,000 a year or $50 million — it needs an effective bill-paying system. Click through for some tips on building and managing an efficient accounts payable process. The term “accounts payable” encompasses almost all the non-payroll payments a business makes. It’s an integral part of […]
Summary: Contrary to popular belief, you don’t need to be a Silicon Valley billionaire to create a trust. How do you know if a trust is the right tool for you? Click through to see why a trust can be a useful estate-planning tool for lots of people. A trust can be a useful […]
Summary: Filing an amended return can be a nuisance, but the IRS has made it a little easier by allowing taxpayers to file Form 1040-X electronically for the first time. Click through to see how this change simplifies the process. The IRS has announced that taxpayers can now file their Form 1040-X, Amended U.S Individual Income Tax […]
Summary: Not everyone who works for you is an employee. Some may be independent contractors. This means a simpler tax situation for you, so the distinction is important. Click through for tips on figuring out what kind of workforce you have and how to handle your tax responsibilities. Are your employees really employees, or […]
Summary: Almost all homebuyers will need homeowners insurance, but with all the choices insurers give you, choosing the right policy can be complicated. Click through for some useful background to know before you sign on the dotted line. Are you a first-time homebuyer? You’ve got a lot to budget for — your down payment, […]
Summary: The pandemic has changed the way we think about remote work. Are you thinking of letting your employees continue to work from home even after offices open up? Click through to see why this benefit is not only trendy, but may even be a draw for workers. Remote work is a trend that has grown […]
Summary: Even in these days of virtual transactions, most businesses still want a place to set up shop. It’s essential to find the right premises with the right amenities. Click through for a list of items to consider before signing. Looking for premises for your business? Don’t be in a hurry! A business lease requires some […]
Summary: Do you need a trust, or is a will enough? Many people think that trusts are just for the very wealthy, but even those with modest incomes may find them useful. Click through to learn whether a trust is right for you. When people think of trust funds, they think of large estates and dynastic […]
Summary: Recent guidance from the IRS highlights the tricky nature of advertising costs. Some peripheral expenses are deductible, in fact, while a few seemingly acceptable ones are not. Click through for the details on advertising deductions. In a recent release, the IRS reiterated that the tax law allows businesses to deduct advertising and marketing costs as […]
Summary: Many people think that tax deductions and credits are the same, but they’re not. Tax deductions reduce your taxable income, but tax credits reduce your tax bill dollar for dollar. Click through to find out what that means and when it matters. Tax deductions and tax credits can both help you, but that doesn’t mean […]