Business Life Cycles and Business Planning
As your small business reaches the different stages of business life cycle, planning and goal setting must evolve as well. Read more in this week’s Business Tip.
Keeping Track of Expiring and New Tax Provisions
A series of tax law changes began with 2011’s expiring provisions and include new laws starting in 2013. For a review, read this Tax Tip.
Federal Appeals Court Upholds $243,000 Damage and Fee Award for Employer’s Failure to Provide SPD and Election Forms
Interesting read: Employer’s failure to provide an SPD and a rollover form has cost $240,000+ in damages and fees. Read the article.
DOL 401(k) Plan Disclosure Rules Take Effect Soon
New rules are requiring 401(k) plans to provide detailed information to participants about the plan and its investments. Learn more in this week’s Business Tip.
Business Owner Succession Planning
What will happen to your small business when you retire? Think about how you’ll transfer ownership now. Learn about Business Owner Succession Planning in this week’s Insurance Tip.
Creating Entity to Hold Real Estate Separately
Creating a separate entity, such as a partnership, to hold your real estate provides both insurance and tax advantages. Read more in this Business Tip.
If I Work at Home Occasionally, am I Entitled to a Home Office Deduction?
You have a home office, but can you deduct it on your taxes? Before you do, make sure you pass two tests from the IRS. Find out in this week’s Tax Tip.
New Credits for Hiring Veterans
The Work Opportunity Credit has been modified by new legislation that extends the benefits for hiring unemployed veterans. Read more in this week’s Tax Tip.
Tax Tips for the Self-employed
Are you your own boss? The IRS has six key points on self-employment taxes they want you to know. Read the Article
Are You Required to File 1099s?
If you regularly use independent contractors instead of hiring employees, you may still have to file Form 1099. Read more in this Tax Tip.