IT Consulting

On developing an effective IT modernization strategy

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February 14, 2025
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Information technology (IT) is constantly evolving. As the owner of a small to midsize business, you’ve probably been told this so often that you’re tired of hearing it. Yet technology’s ceaseless march into the future continues and, apparently, many companies aren’t so sure they can keep up. In October of last year, IT infrastructure services provider […]
#BusinessTechnology, #DigitalTransformation, #ITModernization, #Technology
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Tax Credits

Financial relief for families: The benefits of the Child Tax Credit

A, young, child, in, a, suit, looks, surprised, as, dollar, bills, rain, down, around, them, symbolizing, wealth, or, unexpected, financial, gains.
February 12, 2025
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The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new to claiming the credit or you’ve benefited from it for years, it’s crucial to stay current on its rules and potential changes. As we approach the expiration of certain provisions within the Tax Cuts and […]
#ChildTaxCredit, #CTC, #TaxPlanning, #TaxUpdates
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Tax Planning

Questions about taxes and tips? Here are some answers for employers

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February 10, 2025
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Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance with federal and state tax regulations is vital if your business has employees who receive tips. Are tips becoming tax-free? During the campaign, President Trump promised to end taxes on […]
#PayrollCompliance #TipReporting #EmployeeTaxes
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Retirement Planning

Taming the tax tangle if you’re retiring soon

A, hand, making, an, "OK," gesture, connects, to, a, tangled, scribble, symbolizing, retirement, tax, complexities.
February 7, 2025
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Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of tax considerations. Planning carefully can help you minimize tax bills. Below are four steps to take if you’re approaching retirement, along with the tax implications. […]
#RetirementPlanning, #TaxPlanning, #WealthManagement
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Risk Management

D&O insurance may be worth considering for some companies

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February 5, 2025
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Strong leadership is essential to running a successful business. However, as perhaps you’ve experienced, playing the role of a strong leader can force you to make tough decisions that expose you to legal claims. Business owners who are particularly worried about this type of risk can buy directors and officers (D&O) insurance to hedge against it. […]
#BusinessInsurance, #DOInsurance, #RiskManagement
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Human Resources

Are “workationers” a danger to your business?

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January 31, 2025
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Every company presumably wants a workforce full of engaged employees. However, is it possible for workers to be too engaged? Apparently so. A 2024 survey of 3,000 workers by employee engagement consultants Perceptyx found that 72% of respondents work to some degree throughout their vacations. As a business owner, your initial response to this might be, “Wow, […]
#EmployeeEngagement, #EmployeeWellBeing, #HumanResources, #WorkLifeBalance
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Tax Planning

Looking ahead to 2025 tax limits as you prepare to file your 2024 return

A, desk, calendar, reading, "TAX, 2025," sits, on, a, workspace, with, a, notebook, while, a, person, in, the, background, works, on, finances.
January 29, 2025
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Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due to be filed by April 15 (unless you file for an extension). However, it’s a good time to familiarize yourself with tax amounts that may […]
#2025Taxes, #FinancialPlanning, #TaxPlanning, #TaxUpdates
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Tax Planning

Businesses: The Form W-2 and 1099-NEC deadline is coming up fast

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January 27, 2025
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With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the federal government and furnish them to workers. By January 31, 2025, employers must file these forms and furnish them to recipients: Form W-2, Wage and Tax Statement. Form W-2 shows the wages […]
#1099Forms, #PayrollCompliance, #TaxDeadlines, #TaxPlanning, #W2Forms
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