Unlocking the mystery of taxes on employer-issued nonqualified stock options
November 13, 2024 | Megan Kosciolek, MST
Do you have employer issued nonqualified stock options? If so read on to find out the tax issues you may face with them.
Read More4 Digital Marketing Tips for Small Business
June 22, 2017 | Brian Hare, CPA, CGMA
You’d be hard pressed to find a company not looking to generate more leads, boost sales and improve its profit margins. Fortunately, you can take advantage of the sales and marketing opportunities offered by today’s digital technologies to do so. Here are four digital marketing tips for every business: 1. Add quality content to your […]
Could you Benefit from Stronger Business Governance?
June 19, 2017 | Brian Hare, CPA, CGMA
Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But not every business has strong governance. Could you benefit from stronger business governance? In a nutshell, governance is the set of rules, practices and processes by which a company is directed and controlled. Strengthening it […]
Operating Across State Lines Can Offer Risks & Rewards
June 18, 2017 | Brian Hare, CPA, CGMA
It’s a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all sorts are finding it easier than ever to widen their markets. Doing so has become so much more feasible that many businesses quickly find themselves crossing state lines. […]
Tax-wise Ways to Reimburse Employee Travel Expenses
June 17, 2017 | Brian Hare, CPA, CGMA
If your employees incur work-related travel expenses, you can better attract and retain the best talent by reimbursing these expenses. But to secure tax-advantaged treatment for your business and your employees, it’s critical to comply with IRS rules. Here are some tax-wise ways to reimburse employee travel expenses. Reasons to reimburse While unreimbursed work-related travel […]
Save on Business & Personal Taxes: Hire Your Children
June 15, 2017 | Brian Hare, CPA, CGMA
It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner with children in this situation, you may be able to provide them with valuable experience and income while generating tax savings for both your business and your family overall. Save […]
Help your Child or Grandchild Buy a Home
June 12, 2017 | Paula Kennedy, EA
Mortgage interest rates are still at low levels, but they likely will increase as the Fed continues to raise rates. So if you’ve been thinking about helping your child — or grandchild — buy a home, consider acting soon. There also are some favorable tax factors that will help: 0% capital gains rate. If the […]
Tax Consequences of Partnerships
June 10, 2017 | Brian Hare, CPA, CGMA
In today’s competitive environment, offering employees an equity interest in your business can be a powerful tool for attracting, retaining and motivating quality talent. If your business is organized as a partnership, there are tax consequences to consider. Once an employee becomes a partner, you generally can no longer treat him or her as an employee […]
What Business Owners Should Know About IRS Audits
June 9, 2017 | Brian Hare, CPA, CGMA
If you recently filed for your 2016 income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing. Here’s what every business owner should know about an IRS Audit: Catching the IRS’s eye Many business audits occur […]
Contractors: Protect Your Business
June 7, 2017 | Janet Kanan, EA
One missing document can become very costly for Contractors. Here are 5 tips to protect your business and save you money. 1.Your Subcontractor’s Work Comp Exemption Cert is not Enough Many contractors think if their subcontractor provides them a Workers’ Compensation Exemption Certificate that they are covered. If an individual is hurt on your […]
A “Back-door” Roth IRA can Benefit Higher Income Tax-Payers
June 7, 2017 | Paula Kennedy, EA
A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you make withdrawals at retirement. Roth plans, on the other hand, allow tax-free distributions; the trade-off is that contributions to these plans don’t reduce your current-year taxable income. Unfortunately, your employer might not offer a Roth […]