by Brian Hare, CPA, CGMA | Aug 24, 2022 | Business
Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan? Consider a solo 401(k) if you have healthy self-employment income and want to...
by Brian Hare, CPA, CGMA | Aug 24, 2022 | Business
If you’ve been in business for a while, you’ve probably considered many different employee benefits. One option that might have crossed your desk is an employee stock ownership plan (ESOP). Strictly defined, an ESOP is considered a retirement plan for employees. But...
by Brian Hare, CPA, CGMA | Aug 17, 2022 | Tax
The business entity you choose can affect your taxes, your personal liability and other issues. A limited liability company (LLC) is somewhat of a hybrid entity in that it can be structured to resemble a corporation for owner liability purposes and a partnership for...
by Brian Hare, CPA, CGMA | Aug 10, 2022 | Tax
The IRS is reminding truckers and other owners of heavy highway vehicles that, in most cases, their next federal highway use tax return is due by August 31, 2022. The deadline generally applies to IRS Form 2290 and the accompanying tax payment for the tax year that...
by Brian Hare, CPA, CGMA | Aug 10, 2022 | Tax
As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic rules Certain employers with 50 or more full-time employees (called “applicable...
