Summary: The limit for the Retirement Savings Contributions Credit has been raised. Also known as Saver’s Credit, the increase in this tax credit is intended to help low- and moderate-income workers save more money in 2023. Click through for more details about who is eligible for the Saver’s Credit and how to apply for this […]
Summary: Are you constantly watching or dictating your employees’ every move? You’re not improving anything —quite the opposite! By micromanaging, you may be demotivating them. Click through for tips on avoiding this bad habit.According to Leadershipexcellencenow.com, “Micromanagement is a business management style where the boss or manager controls every aspect, no matter how small, of […]
Summary: Do you find yourself spending a sizeable percentage of your time preparing and submitting your taxes every year? You’re not alone. Many people find themselves in inadvertent noncompliance due to the complexity of taxes and the fact that the rules change every year. Click through to better understand the top tax issues for businesses […]
Summary: The step-up in basis provision is a powerful tool in the estate planning workbox. It helps families shield inheritances from estate tax. Click through to learn about its history and — most importantly — what it means for you. The step-up tax adjustment has been under siege for decades but has so far survived the […]
Summary: If you just hired your first employee, it’s time to prepare for your first payroll. There are a lot of steps and possible pitfalls, so you want to get it right from the start. Click through for tips to make sure you’re in compliance from Day One. Regardless of whether your first payroll involves […]
Summary: There can be a huge difference between high-risk and low-risk. The real question is how much risk you can tolerate, both financially and emotionally. Click through for some insights to help you decide on the right risk level for you.Everyone has their own level of risk tolerance or risk appetite, which represents the uncertainty […]
Summary: HR and payroll management can be particularly challenging for small businesses because they tend to have fewer resources than larger employers. But there are options. Click through to discover how solid planning can lead to HR and payroll success.Because small businesses often have limited assets, it’s vital that they prioritize their human resource objectives. […]
Summary: The CAPE ratio, developed by economist Robert Shiller, has a remarkable track record. It provides a rough-and-ready starting point for warning when markets are becoming either over- or underpriced. Click through to learn exactly how this little-known ratio can help you.Like a traffic light, the CAPE metric flashes clear red and green signals. When […]
Summary: If you decide to set up a trust as part of your estate planning process, you might find yourself wondering if you will be responsible for related tax filings. Click through to discover more about the ins and outs of trusts as well as who pays income taxes on the assets within trusts.For all […]
Summary: In order to pay your workers properly while remaining in compliance with both IRS- and state-mandated requirements, you must correctly classify the people who work for you. Incorrect classifications can be detrimental to your business operations. But how do you know whether you’re classifying your workers correctly? Click through to understand the differences between […]