“Our employees are our biggest asset.” It’s a well-worn phrase, and perhaps to some it’s just lip service. However, more employers and human resource professionals are recognizing the true cost of employee turnover because lower unemployment (4.6 percent currently) and rising salaries (wages are expected to increase by 3 percent in 2017) have created more job options.
Bundled in with a 2015 law, Congress gave the IRS a directive to give private debt collection agencies the task of collecting certain types of delinquent tax debt. This isn’t a first; in fact, a similar tactic was attempted about two decades ago resulting in a myriad of complaints about harassment and dubious collection practices. Another stab at private collection was again attempted during George W. Bush’s tenure in office and yielded similar results.
Perhaps it’s a glaring typo in a business email or a hastily written rebuke that you regret sending, but probably everyone wishes at times we could undo the send button. Depending upon which email program you use, and some other factors, you may be able to recall an email. Here’s how:
The rules around Form 1099s are long and can be complex. So what are you supposed to do if someone sends you a 1099 that doesn’t look quite right? Perhaps they made a mistake and put an extra zero on it, taking your income from $2,000 to $20,000! Worse yet, what if it looks like they intentionally put down the wrong amount? Mistakes and fraud both happen, and we will look at how to handle each situation below.
It’s here again, the most wonderful time of the year – tax season. Uncle Sam is the reason for the season, and the IRS is ready to give everyone a nice tax bill. Fortunately for you, we have the top tax tips, so you don’t end up with an excessive bill.
Whether it’s a newly formed company or an established one, getting an external perspective can be helpful to continued success, regardless of industry. What does an advisory board do and what are its primary attributes?
Taxpayers filing forms 1099, W-2 and 1065’s will have earlier deadlines this season.
Despite much anxious hand-wringing, the bull market survived the Presidential Election results with only a couple of wobbles before finding its way back to firmer footing. Analysts have counted out this aging bull market, which will be 8 years old soon, many times – only to be surprised by its sturdy resilience. Perhaps we will see some major shifts in 2017, but for the moment uncertainty is the key word.
Technology experts anticipate that certain strong trends that debuted in 2016 will gain further momentum in the New Year. Here are some of the tactics and strategies that marketers expect to see:
A bond is a loan an investor makes to an organization in exchange for regular interest payments over a specific period of time. At the end of that period, known as its maturity date, the loan is repaid in full. A key differentiator as to whether a bond investment is safe or risky depends on to whom the loan is made.
Small business owners struggling to find health plans for their staff and facing limited affordable options will welcome new provisions that again allow them access to health reimbursement arrangements (HRAs). Under the revised Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), small business owners with less than 50 full-time employees are no longer prevented from helping pay for individual employee’s health insurance through reimbursement arrangements. As of Jan. 1, 2017, the revision effectively restores an alternative that had been popular with the small business sector prior to the launch of the Affordable Care Act.
’Tis the Season to be racking your brain thinking of gift ideas for family, friends and colleagues. Technology gifts can fit the bill for all ages and for all pocketbooks, but if you’re technologically challenged, things can get a little tricky. You can always ask for suggestions, but if you’d like a few ideas to get the ball rolling, here are some.
Sometimes people look for alternative lending sources because they have credit issues and can’t find a lender that will loan them money. When this happens, the sources they find might charge interest rates much higher than the current market rate.
CPA Consulting Group PLLC is excited to launch a new and secure system to keep you informed via cell phone text message.
We’ve all been asked to donate to charity from family, friends and when we shop at stores during the holidays. Donating to our favorite cause can help cure a disease or help those less fortunate.
When it comes to selling your business, finding an optimal tax strategy depends on the purchaser. Transferring a business inside a family requires very different tactics and treatment compared to a sale to an independent third party.