by Brian Hare, CPA, CGMA | Nov 23, 2020 | Business
By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items. As you put the finishing touches on your company’s spending plan for next year, be sure to cover the finer points of the process. This means...
by Brian Hare, CPA, CGMA | Nov 18, 2020 | Business
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Accounts (HSA). Or perhaps you already have an...
by Brian Hare, CPA, CGMA | Nov 18, 2020 | Business
Owners of closely held corporations are often want to withdraw cash from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable to you to the...
by Brian Hare, CPA, CGMA | Nov 17, 2020 | Tax
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met. Of course, a business must file a final income...
by Brian Hare, CPA, CGMA | Nov 17, 2020 | Business
If you recently launched a business, you may want to set up a tax-favored retirement plans for yourself and your employees promptly. There are several types of qualified plans that are eligible for these tax advantages: A current deduction from income to the employer...
