To determine if you can take a tax deduction for travel expenses that include both personal and business elements, you must evaluate whether the trip is primarily for business purposes and whether the expenses are ordinary and necessary in the conduct of your trade or...
Navigating the labyrinth of government regulations is a daunting task for many small business owners, and recent developments from the U.S. Treasury Department have added a new twist to the tale. In a surprising turn, the Treasury has announced plans to limit the Corporate Transparency...
As a small business, you end up competing against major corporations for top talent. Unfortunately, large companies can often pay higher wages and provide more benefits than startups. However, there are a few benefits you can afford to offer that won’t break the bank. Thanks to...
WASHINGTON — The Internal Revenue Service provided taxpayers with six tips to make filing their 2024 tax return easier. Most of the information below is also available on the IRS.gov Let us help you page. Taxpayers should follow these handy suggestions as they prepare to file: Gather all...
As your small business approaches the 50-employee mark, it’s important to prepare for some of the regulatory changes you will need to face. By preparing for these regulations in advance, you can ensure your company is fully compliant. When in doubt, you can reach out...
A church office administrator should handle reimbursement for clergy through an accountable reimbursement plan. Here are the key steps to follow: Establish a Written Policy: Create a written expense reimbursement policy that outlines which expenses are eligible for reimbursement. This policy should include ministry-related expenses...
If your small business doesn’t already use time-tracking and attendance software, you could be missing out. Time-tracking apps can enhance your time-keeping accuracy and make your workplace more efficient. Many payroll functions legally must be recorded and tracked, so the right software can make your...
When your business reaches 15 to 50 employees, you have to be strategic about competing against other organizations for workers. While you may not be able to afford high-end pay, there are still many different benefits you can use to attract workers to your company....
Taxpayers should start gathering and organizing records as their first step for tax preparation and filing their 2024 federal tax return. They need all year-end income documents to help ensure they file a complete and accurate 2024 federal tax return and avoid refund delays. The Get...
Question: Do we need to tell employees when employment laws change? Answer: Possibly. As their employer, you need to stay up to date on legal changes that affect your organization. Plus your leadership team, managers, human resources, and payroll departments should be kept aware of any new...