by Brian Hare, CPA, CGMA | Mar 6, 2020 | Business
How often do you schedule a 401(k) plan checkup? In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does, it could mean the difference in a job candidate’s decision to accept their offer over yours. It could...
by Brian Hare, CPA, CGMA | Feb 24, 2020 | Business, Tax
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct the “direct expenses” of the home office. This includes the costs of painting or...
by Brian Hare, CPA, CGMA | Feb 19, 2020 | Business, Tax
Wondering how you can reduce tax? Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by using an S...
by Brian Hare, CPA, CGMA | Feb 19, 2020 | Business
Do you have a multigenerational workforce? Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a workforce with a...
by Brian Hare, CPA, CGMA | Jan 29, 2020 | Business, Tax
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business. Social Security tax The amount of employees’ earnings that are subject to Social...
