Posts

Payroll Myths Exploded

Payroll Myths Exploded

May 1, 2024

Are there any misconceptions that you’ve had about payroll? Did you end up finding out the reality of the situation after experiencing a series of unfortunate events? Hopefully, your answer is no, but whether you have been duped by nonfactual information or not, staying informed is the key to protecting yourself. So, keep reading for […]

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The Complex World of Trusts and Taxes

The Complex World of Trusts and Taxes

May 1, 2024

When establishing the terms of your estate plan, you might consider using a trust to pass assets along to your beneficiaries or transfer wealth to your loved ones. Establishing a trust is often a wise strategic decision, but at the same time, grantors should fully understand that income received via a trust is considered taxable […]

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Watch Out for Form W-2 Pitfalls

Watch Out for Form W-2 Pitfalls

April 15, 2024

At the end of every year, most businesses go through the process of filling out a Form W-2 for each employee, which can make for a very stressful time. The pressure of knowing that even the smallest of mistakes can result in costly consequences can make business owners uneasy. However, by implementing a system of […]

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When Should You Take Social Security?

When Should You Take Social Security?

April 15, 2024

Your Social Security break-even age is when you come out ahead by delaying benefits. It depends on things like how inflation might affect the purchasing power of your benefits. If you begin taking benefits at age 62, you’ll receive a reduced amount, but you’ll get more checks over your lifetime. If you delay benefits past […]

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How To Put Together a Compensation Plan

How To Put Together a Compensation Plan

April 15, 2024

A compensation plan is designed to attract and retain employees. Build your compensation plan to ensure pay equity while balancing the needs of your small business and delivering value to customers. Pay competitively relative to companies similar to yours in size and industry in your region. Compensation can tie in directly to regional compensation data, […]

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Know How IRS Third-Party Representation Works

Know How IRS Third-Party Representation Works

April 15, 2024

Unable or unwilling to work with the IRS yourself? No problem! There are multiple ways to authorize someone to work on your behalf. The IRS has established four basic levels for third-party help: Are these authorizations permanent? If you’re anxious about giving certain rights to others, don’t be — you can revoke any of the […]

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