Can’t teach an old dog new tricks!? We beg to differ!

Businesses in nearly every industry are feeling the strain of The Great Resignation. Finding people willing to do the job can often be very difficult – solving nuclear fusion might feel easier to do than finding quality employees. One area of the hiring pool that many businesses overlook is older workers. If your company still […]

Weren’t we supposed to have flying cars by now?!

Since the only thing flying high are gas prices, the IRS has increased the mileage deduction for the remainder of 2022.   We have all felt the impact of the massive increase in fuel costs. This has affected small businesses especially hard. the average nationwide price of a gallon of unleaded regular gas on June […]

Some corporations can be qualified for the dividends-received deduction. Is your corporation eligible?

C corporations that collect dividends have a beneficial tax deduction available to them. It is called the “dividends-received deduction” and it lessens or potentially diminishes the extra level of tax on dividends that a corporation can receive. This results in the corporation’s tax rate on dividends being lower than their rate on capital gains. Ordinarily, […]

Deadlines for Paycheck Protection Program and Employee Retention Tax Credit Loan Forgiveness are Quickly Approaching

Many businesses as still reeling from the effects of the COVID-19 pandemic shutdowns, the Great Resignation and supply chain issues. Hopefully, your business was one of many that took advantage of the Paycheck Protection Loan Program (PPP) and the Employee Retention Tax Credit (ERC). PPP Forgiveness As a reminder, when the CARES Act was passed […]

Simple ways to make strategic planning a reality

Strategic planning will better the position the company to sell more to current customers, and possibly to new markets as well. However, there are a variety of different aspects that go into strategic planning, thus making it difficult to know where to start and in which direction to go. Here are a few simple ways […]

Social Security benefits: Do you have to pay tax on them?

Upon claiming Social Security benefits, some people are unaware that they will be taxed by the federal government for the amounts that they receive. This is no surprise as it is different for each person. Whether you are taxed on your Social Security benefits is dependent on your other income. Essentially, if your income is […]

Consider applying the research credit against payroll taxes

If your small company or start-up business is planning to claim the research tax credit, there is an option you can undertake, subject to limits. This opportunity is to elect to apply all or some of any research tax credits that you earn against your payroll taxes instead of your income tax. This election may […]