3.3.20
Is Something Missing From Your Business Insurance Coverage?
You may think your business has enough insurance already. But if it’s vulnerable to employee theft and fraud — and most businesses are — you…
2.25.20
Achieve True Payroll Enlightenment – Setting up Automated Accruals of Benefits and Insurance Costs
For all types of companies, construction businesses included, payroll costs go far beyond compensation meted out every week or two. Contractors, however, really need to…
2.25.20
The SECURE Act’s Impact on Your Retirement
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted on 12/20/19. This is the first substantial legislation related to retirement savings to…
2.25.20
Accounting for the Near and the Long Term in a Family Budget
A wise person once said, “Simplicity is the key to a family budget.” (He or she may or may not have been an accountant.) However,…
2.25.20
Own a Pass-Through Entity? Beware the Ides of March
“Beware the Ides of March.” Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies…
2.25.20
Careful Tax Planning Required for Incentive Stock Options
Incentive stock options (ISOs) are a popular form of compensation for executives and other key employees. They allow you to buy company stock in the…
2.25.20
The TCJA Effect: Qualified Residence Interest
The Tax Cuts and Jobs Act (TCJA) made a significant impact — both directly and indirectly — on the deductibility of various types of interest…
2.25.20
Ghosting Scams May Keep Your Loved Ones From Resting in Peace
It’s bad enough that the living have to worry about identity theft. But criminals also exploit the deceased with “ghosting” schemes. These thieves steal the…
2.24.20
Numerous Tax Limits Affecting Businesses Have Increased for 2020
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be…
2.24.20
Cents-Per-Mile Rate for Business Miles Decreases Slightly for 2020
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5…