Latest News

It’s a good time to check your withholding and make changes, if necessary

By |2019-05-21T17:11:42+00:00May 21st, 2019|Latest News|

Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten a refund in past years wound up owing money. The IRS reports that the number of refunds paid this year is down from last year — and the average refund

Selling your home? Consider these tax implications

By |2019-05-15T17:09:39+00:00May 15th, 2019|Latest News|

Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. Freddie Mac reports that the average 30-year fixed mortgage rate was 4.14% during the week of May 2, 2019, while the 15-year mortgage rate was 3.6%. This

The simple truth about annual performance reviews

By |2019-05-15T17:07:08+00:00May 15th, 2019|Latest News|

There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art review process overwhelming. The simple truth is that smaller companies may not need to exert a lot of effort on a complex approach. Sometimes a

Check on your refund — and find out why the IRS might not send it

By |2019-05-08T20:04:54+00:00May 8th, 2019|Latest News|

It’s that time of year when many people who filed their tax returns in April are checking their mail or bank accounts to see if their refunds have landed. According to the IRS, most refunds are issued in less than 21 calendar days. However, it may take longer — and in rare cases, refunds might

Buy vs. lease: Business equipment edition

By |2019-05-08T20:02:23+00:00May 8th, 2019|Latest News|

Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease. You’ve probably faced this decision when considering office space or a location for your company’s production facilities. But the buy vs. lease quandary also comes into play with equipment. Pride of

Should your health care plan be more future-focused?

By |2019-05-08T20:00:02+00:00May 8th, 2019|Latest News|

The pace of health care cost inflation has remained moderate over the past year or so, and employers are trying to keep it that way. In response, many businesses aren’t seeking immediate cost-cutting measures or asking employees to shoulder more of the burden. Rather, they’re looking to “future-focused” health care plan features to encourage healthful

Plug in tax savings for electric vehicles

By |2019-04-30T14:57:18+00:00April 30th, 2019|Latest News|

While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing an electric or hybrid vehicle, you may be eligible for a federal income tax credit of up to $7,500. (Depending on where

Prepare for the worst with a business turnaround strategy

By |2019-04-30T14:54:54+00:00April 30th, 2019|Latest News|

Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by internal factors — such as weak financial oversight, lack of management consensus or one-person rule. External factors typically contribute, as well. These may include disruptive

Casualty loss deductions: You can claim one only for a federally declared disaster

By |2019-04-23T14:27:01+00:00April 23rd, 2019|Latest News|

Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible casualty loss victims could claim a deduction on their tax returns. But there are new restrictions that make these deductions much more difficult to take. What’s considered a casualty for

Responding to the nightmare of a data breach

By |2019-04-23T14:19:19+00:00April 23rd, 2019|Latest News|

It’s every business owner’s nightmare. Should hackers gain access to your customers’ or employees’ sensitive data, the very reputation of your company could be compromised. And lawsuits might soon follow. No business owner wants to think about such a crisis, yet it’s imperative that you do. Suffering a data breach without an emergency response plan