Ready for the 1099-NEC?
Own a business? If you pay an independent contractor $600 or more for the calendar year, you are required to issue a Form 1099-NEC soon after the end of the year to avoid penalties.
Business Owners: Is the Temporary Deferral of Employee Payroll Tax Worth It?
We explain how the payroll tax deferral could affect your business.
How States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
If you own a business and have employees working remotely, you may need to take a closer look at how nexus will be addressed.
Wealth Transition and Succession Planning: Best Practices for Businesses During COVID-19
Wealth transition and succession planning were always complicated processes—COVID-19 did not do it any favors.
Business Valuations: Make Your Business More Attractive to Buyers
Certified Exit Planning Advisor, K.C. Smith, CFP®, explains how a business valuation can help you position your business more attractively for a buyer.
Employers: Don’t Miss Out on the Work Opportunity Credit
The WOTC is typically worth up to $2,400 for each eligible employee, but it can be worth up to $9,600 for certain veterans and up to $9,000 for “long-term family assistance recipients.”
Big Tax Breaks for Hiring Your Children in the Family Business
With jobs at a premium during the COVID-19 pandemic, you might consider hiring your children to help with your business. Financially, it makes more sense to keep family employed rather than hiring strangers, provided, of course, your family member is suitable for the job. Note, however, that wages paid to children and other relatives aren’t…
Business Owners: Don’t be Chum
Chief Investment Officer Troy Harmon, CFA, CVA, explains why it is so critical that small businesses keep an emergency fund of cash on hand—much like a household should for unexpected expenses. Beyond keeping some cash squirreled away, business owners should always know these three things: your cost of capital, your asset values and current economic…
3 Things Every Business Owner Should Know
Chief Investment Officer Troy Harmon, CFA, CVA, explains why it is so critical that small-businesses keep an emergency fund of cash on hand—much like a household should for unexpected expenses. Beyond keeping some cash squirreled away, business owners should always know these 3 things: your cost of capital, your asset values and current economic conditions.…
What Led to Congress Extending the Paycheck Protection Program?
With billions left to be distributed in Payment Protection Program money—why did Congress have to extend the PPP in the first place?