While rules and regulations for workman’s comp insurance change from state-to-state, there some general guidelines you need to know and follow no matter where your business might be located. First, as an employer, you are required to protect employees that are killed on the job, are injured, or become ill. Most employers obtain either state […]
How High Deductible Health Plans Save You Money
As a business owner, you’re always looking to save employee associated costs. One of the largest of those costs is health care. That’s why employers across the country are moving towards high deductible health plans. These plans still allow the company to provide insurance while saving money at the same time. For sometime now companies […]
Tax Advantages of Donating Stock
Making donations to non-profit organizations is a great way to do good works in the community your small business serves. It can also be a huge tax advantage to small businesses – especially if you take advantage of one not so widely known option to double up on your tax benefits. Donating appreciated stocks allows […]
Top Five Reasons the IRS will Sue You
No one enjoys paying taxes, but the vast majority of individuals and businesses follow the rules, take their deductions, and write a check for what they own. Of course, there are those that try to find ways to avoid paying taxes, but too often, the IRS consider these loopholes tax fraud. Once you go down […]
What You Need to Know about Health Savings Accounts in 2016
There is very little that is certain in life, but one thing you can count on is tax changes when a new year begins. That’s true for Health Savings Accounts, (HSA), as well. The IRS put out new guidelines for 2016 that you’ll need to know as they will affect how you may want to […]
Why Foreign Bank Account Violations are Ultra Expensive
If you have a foreign bank account that has not been reported to the IRS, then you could be facing serious civil penalties and even criminal penalties. These penalties fall under the Foreign Bank Account Report, (FBAR) violations. First, it is important to determine if you are required to report your foreign bank account. It […]