by Kimberly Cosens | Feb 18, 2025 | Blog, Business, Tax
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance with federal and state tax regulations is vital if your business has employees who...
by Kimberly Cosens | Jan 29, 2025 | Blog, Business
With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the federal government and furnish them to workers. By January 31, 2025, employers must file these forms and furnish them to...
by Kimberly Cosens | Jan 23, 2025 | Blog, Business, Tax, Uncategorized
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile...
by Kimberly Cosens | Aug 21, 2024 | Blog, Tax, Uncategorized
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify. However, some businesses may be better off using the accrual method. Therefore,...
by Kimberly Cosens | Jul 24, 2024 | Tax, Uncategorized
Savings bonds are purchased by many Americans, often as a way to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in 1980. From 2001 to 2011, they were designated as “Patriot Bonds” as a way for Americans...
