The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for… Read More »Employers: The Social Security wage base is increasing in 2022
Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a… Read More »Thinking about participating in your employer’s 401(k) plan? Here’s how it works
Years ago, it may have seemed like only government agencies with top-secret intel or wealthy international banks had to worry about hackers. Nowadays, even the… Read More »Protect your business with a cybersecurity assessment
When choosing health care benefits, many businesses opt for a self-insured (self-funded) plan rather than a fully insured one. Why? Among various reasons, self-insured plans… Read More »What business owners should know about stop-loss insurance
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost… Read More »Get your piece of the depreciation pie now with a cost segregation study
Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or… Read More »You may owe “nanny tax” even if you don’t have a nanny
When creating or updating your strategic plan, you might be tempted to focus on innovative products or services, new geographic locations, or technological upgrades. But,… Read More »Engaging in customer-focused strategic planning
Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that… Read More »New per diem business travel rates became effective on October 1
If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax… Read More »Vacation home: How is your tax bill affected if you rent it out?
Run a business for any length of time and the importance of cash flow becomes abundantly clear. When payroll is due, bills are piling up… Read More »4 ways to refine your cash flow forecasting
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list… Read More »2021 Q4 tax calendar: Key deadlines for businesses and other employers
If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating… Read More »Navigating the tax landscape when donating works of art to charity