How to Determine a Reasonable Compensation

How to Determine a Reasonable Compensation

Are you an officer of a corporation and need to know what the IRS considers reasonable compensation?  It is important to note that reasonable compensation doesn’t apply to partnerships or sole proprietorships because these individuals are not considered employees...
Contracts for a Growing Business

Contracts for a Growing Business

As a small business owner, you most likely have your mind wrapped around the basics of contracts. However, as your business grows, you will find that so does the complexity of deals and agreements.  As your business transitions from small to larger operations,...
Workflow Issues and Solutions

Workflow Issues and Solutions

There are times businesses take workflows for granted, but it’s important to understand that workflows are not static and what works for one organization may not work for you. Additionally, if you use an application or a system as a tool for your business, these...
2022 FUTA Credit Reduction

2022 FUTA Credit Reduction

Are you an employer that noticed a higher federal unemployment tax payment (known as FUTA) in January 2023 for your 2022 payroll taxes? Do you wonder why you had to make this payment (especially if you had paid your FUTA in full in prior quarters?) This additional tax...
2023 Minimum Wage Increases

2023 Minimum Wage Increases

If you are a small business owner with staff in multiple states, you know that it can be a difficult task to stay up to date with numerous minimum wage rate changes. Nearly half of our country increased minimum wages for hourly workers after January 1, 2022 in order...

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