Consider stress testing to lower risks
July 1, 2022
Businesses today are dealing with unprecedented levels of operational, financial, compliance, reputational and strategic risks. Stress testing may be the key to keeping those risks in check.
A quick refresher on employment taxes
June 30, 2022
Every employer must keep up with its federal payroll tax responsibilities. Let’s take a step back and review the basics.
Five tax implications of divorce
June 28, 2022
If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.
Businesses will soon be able to deduct more under the standard mileage rate
June 27, 2022
Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.
What are the typical steps in a DOL audit?
June 24, 2022
For employers that sponsor an ERISA-compliant retirement or health care plan, a DOL audit is always a possibility. Here’s what to expect if it happens to you.
Warning for retailers and other businesses using the LIFO method
June 22, 2022
Normally, the last-in, first-out (LIFO) accounting method is an effective way to defer taxes. But beware: Retailers and other businesses that use this method could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply chain issues.
