Do 401(k) Deposit Classifications Really Matter?
Question: Our payroll person remitted our employee retirement plan “safe harbor” money into the profit sharing accounts of participants. Does it really matter or can we [...]
Changes to Virginia Sales Tax Effective as of July 1, 2017
Each year the Virginia Legislature passes changes to the Virginia Tax Code that impacts residents and those doing business in Virginia. While many of the [...]
You Don’t Have to Take Business Insurance Costs Sitting Down
Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it’s not for your company, proper coverage remains a risk [...]
Which Is Better – Pre-Tax 401(K) or After-Tax Roth Contributions?
Question: My retirement plan allows me to choose between pre-tax 401(k) contributions or after-tax Roth contributions. Which is better? Answer: Your pre-tax 401(k) withholding is saved in [...]
Get Competitive With Your Compensation Strategy
Is your business evolving? Perhaps you’re adding employees or promoting staff. Or perhaps you’re facing economic challenges of pressure from local competitors. It may be [...]
Cash Flow Considerations for Seasonal Businesses
Seasonal businesses often face intense cash flow fluctuations. It is important to optimize your operating cycle to prepare for the down time your company will [...]
Six Strategies for Your Tax Playbook
I’m looking forward to tax day. No, I’m not in a time warp. I do know that April 15th is behind us, and most people [...]
Income Distribution – Deciding How to Split the Pie
Having partners in a medical practice definitely has its advantages. You have peers to share the workload and to share costs, which often drives up [...]
The Sandwich Generation – Taking a Bite out of the Burden
They call us the Sandwich Generation, the middle layer between grown or growing children who depend on us and parents who also depend on us. Being in this position can sap a family’s resources physically, emotionally, and, of course, financially.
How to Qualify as a Small Business Government Contractor
So you are considering or have decided that you want to do business with the United States Government. Why not when the government spends over [...]