Newsletter Archive



Year-End Tax Saving Tips For Individuals
As the sun sets on 2021 and we look forward to a new beginning in 2022, keep these last-minute tax savings in mind.

Why Job Costing is Important
Operating a profitable business means knowing how much it costs to complete a project. With prices going up, its especially important to review costs now.

Financial Statement Red Flags
Reviewing your company’s financial statements often can catch problems early before they turn into bigger issues. Beware of these red flags.

Tax-Loss Harvesting
If you’ve traded stocks or other capital assets in 2021 for a gain, you can offset your profits by selling securities that have lost value. This is called tax-loss harvesting.

End of the Year Tax Tips for Business
Before the clock strikes midnight on December 31, make sure your business is prepared to maximize its tax savings for 2021.

December 2021 Client Profile
Bruce has been taking required minimum distributions (RMDs) from his retirement accounts for four years, and he’s concerned that the amount of required withdrawals will lead to premature asset depletion. What can he do?

December 2021 Q and A
Let's discuss tax transcripts, the IRS, and registering a DBA.

December 2021 Short Bits
Quck look at the impact of shorter work weeks and an improved employee work-life balance.

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Understanding Form 1099 For Your Business
In January, your company may need to send 1099s to certain individuals and some businesses. And you might receive a few. Learn about the common Form 1099 that companies send and receive.

The Advance Child Tax Credit
When Congress enacted the American Rescue Plan in early 2021, it increased the child tax credit and required half of it to be paid in advance via monthly payments. While it’s intended to help families with everyday expenses, there are tax considerations to keep in mind.

November 2021 Client Profile
Tiffany started a t-shirt company and she needs to inventory her remaining stock for the end of the year. How can she determine a value for her remaining shirts?

Nuts and Bolts of Exchange-Traded Funds
An exchange-traded fund (ETF) can add diversity to your investment portfolio.

Social Media For Your Small Business
Keep these tips in mind when promoting your business online.

November 2021 Q and A
Let's discuss Direct Primary Care, and worker's compensation insurance.

November 2021 Short Bits
A quick look at how the labor shortage is effecting business owners.

Form 1099 for Individuals
From selling a home to earning interest on a bank account, most taxpayers receive a Form 1099 at some time. Common 1099s individuals receive include:
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Open Enrollment Tips For Employees
Open enrollment is on the horizon, which means workers will soon navigate their benefit options for the next year. Both new and seasoned employees need to carefully review benefit offerings to ensure they take full advantage of their choices.

Financial Health Checklist For Small Business Owners
Keeping your company running smoothly can be more than a full-time job, which can leave little time to focus on your financial goals. However, decision making without considering goals and your future may be something you might regret in the future.

October 2021 Client Profile
Erin is a full-time employee and tutors her neighbor’s 2nd grader in her home once a week. The neighbor generally pays Erin in cash but sometimes gives her tickets to sporting events or concerts instead of money. How much taxable income from her tutoring work does Erin need to report on her tax return?

Negotiate A Raise
Asking for a raise can be nerve-wracking. You’ll need confidence, professionalism and an effective strategy when the time comes.

Employer Essentials for Open Enrollment
Here are some tips that may help your open enrollment go smoothly.

What Is Backup Withholding?
Backup withholding is a tool the IRS uses to collect federal taxes on income that’s not ordinarily subject to withholding, ensuring taxpayers ultimately pay all taxes they owe.

October 2021 Q and A
Let's talk about payroll scams, and if malpractice settlements are taxable.

October 2021 Short Bits
Let's look at the downward trend in IRS audits, and taxpayers itemizing deductions.

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Financing Your New Small Business
You'll have to make a lot of decisions when starting a new business. One of the bigger ones will be how you'll fund it. The financing option you choose may have a significant impact on your company's success.

RMDs Return for 2021
After being suspended for 2020 via the CARES Act, required minimum distributions (RMD) are back for 2021.

What To Know About 401(k)s
One of the common retirement plans offered by employers is a 401(k) plan. These plans make saving for retirement convenient. But make sure you understand the basics so you can capitalize on plan options and determine how your 401(k) fits into your overall retirement strategy.

September 2021 Client Profile
My retail store has been very successful and time consuming, so I need to hire a bookkeeper to take care of the finances. What questions should I ask candidates to ensure that I hire a competent bookkeeper?

Cryptocurrency Basics
Cryptocurrency is an alternative form of payment and works through a technology called blockchain, a decentralized processing and recording system making it nearly impossible to counterfeit and it comes with tax reporting requirements.

Employee vs. Independent Contractor: What's the Difference?
Tax rules differ for employees vs. independent contractors, so consider income taxes when you need to hire help for your business.

September 2021 Q and A
Let's talk about registered agents, interest rates, and annual percentage rates.

September 2021 Short Bits
The IRS has issued more than 2.8 million in refunds to taxpayers who paid taxes on unemployment compensation before the American Rescue Plan Act excluded $10,200 in unemployment compensation for 2020.

 

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