by Brian Hare, CPA, CGMA | Apr 22, 2021 | COVID-19, Tax
In recent months, there have been a number of tax changes that may affect your individual tax bill. Many of these changes were enacted to help mitigate the financial damage caused by COVID-19. Here are two changes that may result in tax savings for you on your 2020 or...
by Brian Hare, CPA, CGMA | Apr 22, 2021 | Business
With so many employees working remotely these days, engaging in competitive intelligence has never been easier. The Internet as a whole, and social media specifically, create a data-rich environment in which you can uncover a wide variety of information on what your...
by Brian Hare, CPA, CGMA | Apr 19, 2021 | Business
Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives reasonable compensation, but not...
by Brian Hare, CPA, CGMA | Apr 14, 2021 | Business
Are you thinking about setting up a retirement savings plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two options to consider are a “simplified...
by Brian Hare, CPA, CGMA | Apr 5, 2021 | Tax
As a business owner, you should be aware that you can save family income and payroll taxes by hiring your child and putting them on the payroll. Here are some considerations. Shifting business earnings You can turn some of your high-taxed income into tax-free or...
