2020 Minimum Wage Increases

2020 Minimum Wage Increases

Minimum wage increases are upon us again. We’re entering the Christmas season and getting ready for the new year. But it’s also when many states’ new minimum wage rates are about to take effect. Are you in one of the states that will have a new rate?...
Tips for Working with Remote Staff Members

Tips for Working with Remote Staff Members

In the digital age, hiring remote workers has become increasingly more common. Whether you’re saving overhead on office space or simply looking at a wider pool of talent to find the right fit, hiring employees in other parts of the country (or even world!) can be a...
Residency Audits from High-Tax States

Residency Audits from High-Tax States

With the recent Tax Cuts and Jobs Act placing a $10,000 cap on state tax deductions, many people are seeking to establish residency in a lower-tax state. According to Accounting Today, while California, New York, New Jersey, Connecticut, and Rhode Island are...
IRS Announces New Ruling on Abbreviated Tax IDs

IRS Announces New Ruling on Abbreviated Tax IDs

The IRS recently announced that it will now allow truncated tax identification numbers (TTINs) on most payee statements, including the Wage and Tax Statement form (W2.) This new ruling is the latest in a series of measures that the IRS has taken in order to reduce...
Financial Apps to Help You Fund Your Business

Financial Apps to Help You Fund Your Business

Funding your business can be a stressful endeavor. From figuring out which lenders are reputable, to deciding how much for to apply, there are many opportunities to falter in your decisions if you are not well-informed. Luckily, there are a myriad of great financial...
Guide to The Tax Cuts and Jobs Act for Every Stage of Life

Guide to The Tax Cuts and Jobs Act for Every Stage of Life

The Tax Cuts and Jobs Act that was passed in 2017 made dramatic changes that affect nearly every taxpayer in every stage of life. Understanding what the TCJA means in regard to the season that you are in is essential for financial planning. According to CPA Journal,...
Quarterly Estimated Taxes for Self-Employed Individuals

Quarterly Estimated Taxes for Self-Employed Individuals

In a traditional job, an estimation of your federal and state income tax, as well as social security and Medicare taxes are taken from each paycheck. At the end of the year when you file your tax return, you will either receive a refund for the overage of taxes you...
Things to Avoid When Interviewing

Things to Avoid When Interviewing

Hiring a new employee can be a difficult process. Between attracting the right applicants, sending them through a screening process, and scheduling interviews, it takes a lot of work to find the right person to fit the role you’re trying to fill. By the time you...

Pin It on Pinterest