Blogs & Insights | Hutchinson & Bloodgood LLP

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Posted in: Marketing

Protect the “ordinary and necessary” advertising expenses of your business

March 9, 2023 0

Protect the “ordinary and necessary” advertising expenses of your business

Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction […]

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Posted in: Human Resources

Supreme Court: Overtime rules still apply to highly compensated employees

March 2, 2023 0

Supreme Court: Overtime rules still apply to highly compensated employees

If you were told someone earns more than $200,000 annually, you might assume the person is a salaried employee who’s ineligible for overtime pay. However, […]

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Posted in: Tax Planning

Awarded money in a lawsuit or settlement? It’s only tax-free in certain circumstances

March 1, 2023 0

Awarded money in a lawsuit or settlement? It’s only tax-free in certain circumstances

You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards […]

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Posted in: Marketing

Influencer marketing could help your business (or not)

February 24, 2023 0

Influencer marketing could help your business (or not)

Most companies today have some sort of presence on social media as part of their marketing efforts. If you’ve spent any time online as a […]

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Magnifying glass enlarging the words 2022 TAXES

Posted in: Tax Planning

There still may be time to make an IRA contribution for last year

February 23, 2023 0

There still may be time to make an IRA contribution for last year

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity […]

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Drawing of blue arrows with the word Outsourcing written across it.

Posted in: Business Planning & Consulting

8 Compelling Reasons to Outsource Your Accounting Functions

February 15, 2023 0

8 Compelling Reasons to Outsource Your Accounting Functions

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Posted in: Tax Planning

Child tax credit: The rules keep changing but it’s still valuable

February 14, 2023 0

Child tax credit: The rules keep changing but it’s still valuable

If you’re a parent, you may be confused about the rules for claiming the Child Tax Credit (CTC). The rules and credit amounts have changed […]

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Posted in: Technology

Getting into data analytics without breaking the bank

January 11, 2023 0

Getting into data analytics without breaking the bank

Most business owners would probably agree that, in today’s world, data rules. But finding, organizing and deriving meaning from the terabytes upon terabytes of information […]

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Employee Retention Tax Credit Papers And Folder.

Posted in: Tax Planning

Employers should be wary of ERC claims that are too good to be true

January 10, 2023 0

Employers should be wary of ERC claims that are too good to be true

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. […]

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