IRS final regs affect eligibility for ACA’s premium tax credit
November 21, 2022
Is your business an applicable large employer under the ACA? Or could it become one next year? The IRS recently finalized regs that affect whether a penalty applies.
Reap the benefits of QuickBooks software solutions
November 15, 2022
Many small and midsized businesses use QuickBooks for bookkeeping purposes. Are you taking advantage of all that your accounting software has to offer?
Providing fringe benefits to employees with no tax strings attached
November 10, 2022
Your business may provide low- or no-cost tax-free fringe benefits to employees. Here are the details of these benefits, along with a court case in which an employee was found to have received a taxable benefit but he didn’t include its value in his income.
“Early career” hiring is both important and risky
November 9, 2022
Employers: Are you hiring? If so, familiarize yourself with the concept of “early career” workers. They offer great promise but seeking them out can lead to legal risks.
What local transportation costs can your business deduct?
November 3, 2022
The price of gas is going up again in some parts of the country. That may affect the tax deductions for local transportation costs that your small business can claim. Here’s what you can write off.
401(k)s and M&As: Requesting a determination letter
November 1, 2022
What happens to a 401(k) plan when a business is sold? In some cases, the seller may be asked to request a determination letter from the IRS. But that might be easier said than done.
