Whitepaper | Financial Planning Issues for Business Owners
To better understand how entrepreneurship might impact your financial goals, consider the tax implications, insurance requirements and more. Use this checklist as a guide.
Top Programs for Winning Government Contracts: A Smaller Contractor’s Resource
The Federal government uses special programs to help small businesses win at least 23 percent of all federal contracting dollars each year. Small businesses should take advantage of these programs to give them a competitive edge in the government contracting arena.
Changes Coming in 2022 for QuickBooks Desktop
In 2022, QuickBooks Desktop is migrating two of its products, Pro and Premier, to a subscription-only software. Small businesses and other organizations have a few options, but limited time to decide their next steps.
Recovery Startup Provision: How New Startup Businesses Can Possibly Claim the ERTC
Businesses that started during the pandemic have a new opportunity to claim the Employee Retention Tax Credit for the 3rd and 4th quarters in 2021. There are minimal eligibility requirements to net up to $100,000 in tax credits for the year. Act now to include the credit on your 2021 3rd quarter payroll tax return.
To Itemize, or Not to Itemize: That Is The Question
The largest change to individual tax compliance resulting from the Tax Cuts and Jobs Act affects the calculation of various itemized deductions. Clients and friends have expressed confusion and even repeated some common misconceptions about the changes.
Tax Reform’s Impact on Payroll
Soon after passage of the new tax reform law, the IRS announced that it is developing salary and wage tax withholding guidance to be issued sometime in January, 2018. The IRS said that use of the new 2018 withholding guidelines will allow taxpayers to begin seeing the changes in their paychecks as early as February 2018. Until then, employers and payroll service providers should continue to use the existing 2017 withholding tables and systems.
How to Prepare for the Potential Tax Reform Bill
On Friday afternoon, the combined House and Senate Conference Committee unveiled a reconciled tax bill (The Tax Cuts and Jobs Act) that would significantly overhaul [...]
Congressional Tax Reform Bill Full of Changes
Tax Cuts and Jobs Act Impacts Businesses and Individuals Congressional Republicans have been working on a bill to simplify the tax code and reduce the [...]
Trump Tax Reform Plan: How It May Affect You and Your Company
One of the topics talked about all year is how our tax system needs to be greatly improved and just this week, President Trump and [...]
Now Is the Time to Pay Back Taxes to Virginia!
Virginia Announces Amnesty Period to Start September 13. Virginia taxpayers have an opportunity to “come clean with the tax man” as the Virginia Department of [...]