In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does, it could mean the difference in a job candidate’s decision to accept their offer over yours. It could even send employees heading for the door. Assuming you do offer a 401(k), the challenge then becomes […]
Give your 401(k) plan a checkup at least once a year Read More »
If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities, and education. Fortunately, there’s a tax credit available for taxpayers with children under the age of 17, as well as a dependent credit for older children. Recent tax law changes. Changes made
Tax credits may help with the high cost of raising children Read More »
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct the “direct expenses” of the home office. This includes the costs of painting or repairing the home office and depreciation deductions for furniture
Do you run your business from home? You might be eligible for home office deductions Read More »
QHauz is an auto financing system and software that allows traditional car dealerships access to credit-challenged car buyers that most dealers cannot currently do business with. Perhaps more importantly, QHauz provides credit-challenged car buyers the ability to purchase nicer, more reliable vehicles from reputable dealers with more customer-friendly financing rates. If you have less than
Featured Business- QHAUZ, LLC- Auto Financing and Technology Read More »
Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you’ve signed a contract with a certain technologically inclined customer or vendor. In any of these instances, you (or one of your employees) probably had to electronically sign a digital document. So, the next question is: Why isn’t
Digital documents with e-signatures aren’t going away Read More »
Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a workforce with a wide age range requires flexibility and skill. If you’re successful, you’ll likely see higher employee morale, stronger productivity and a
How to make the most of your multigenerational workforce Read More »
Do you conduct your business as a sole proprietorship or as a wholly-owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by using an S corporation. Self-employment tax basics. The self-employment tax is imposed on 92.35% of self-employment
How business owners may be able to reduce tax by using an S corporation Read More »
Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing status results in the lowest tax. But keep in mind that, if you and your spouse file a joint return, each of you is “jointly and severally” liable
Reasons why married couples might want to file separate tax returns Read More »
Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. How the credit works. The FICA credit applies with respect to tips that your employees
Do your employees receive tips? You may be eligible for a tax credit Read More »
Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules involved in selling mutual fund shares can be complex. Tax basics. If you sell appreciated
The tax aspects of selling mutual fund shares Read More »
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