by Brian Hare, CPA, CGMA | Nov 5, 2020 | Business
The subject of payroll records has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off, furloughed and, in some...
by Paula Kennedy, EA | Jul 6, 2020 | Tax
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to the Social Security and income taxes required to be withheld by a business from its employees’ wages....
by Hare CPAs Tax Team | Jun 4, 2020 | COVID-19
The economic impact of the COVID-19 has been enormous. Some estimates suggest over 30 million Americans have filed for unemployment benefits as a result of this economic impact. Normally when applying for unemployment, you would be eligible to receive a certain...
by Ryan Burke, CPA, MSF | Apr 1, 2020 | COVID-19
In true American spirit, companies nationwide have quickly adapted to the rapid spread of COVID-19 and transitioned employees to a work from home (WFH) model; but are they protecting data in a work-from-home world? This approach is critical to limiting the impact of...
by Paula Kennedy, EA | Jan 29, 2020 | Tax
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less than three months. However, it’s a good idea to familiarize yourself with...
