Our Accounting Articles

Best Practices: Benefit Plan Open Enrollment

Open Enrollment is an important process that usually takes place November 1 through December 15. But for employers, planning starts much earlier. Planning ahead can result in savings, a smooth enrollment process and ensure that you are offering benefits that help recruit and retain the best talent. Here are some tips for success:

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Pain Free 401(k) Audits

If you’re responsible for your company’s 401(k) administration, you know the annual 401(k) audit can get a little stressful. The good news is there are steps you can take to make your audit pain-free.

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The Importance of Online Reviews

The coronavirus pandemic has forced us to reimagine the way we live and work. The spread of COVID-19 and the stay at home guidelines have forced most Americans to turn to the internet for everything from lunch to loungewear. Online reviews have become priceless, now that so many people are spending time online researching products and businesses. read more…

COVID-Related Financial Aid Will Impact Your 2020 Tax Liability

In the wake of the COVID-19 pandemic, the U.S. government launched several programs to offer financial benefits to small businesses. While we’ve outlined the CARES Act and the Payment Protection Program Flexibility Act of 2020 and explained their differences, there’s one other thing that needs to be discussed – the impact on your tax return. Every type of financial aid program comes with tax implications.

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In Flux: Changes to the Paycheck Protection Program

The widespread effects of COVID-19 continue to impact the U.S. economy. You may have heard that the deadline to apply for the Paycheck Protection Program (PPP) was extended until August 8, 2020. If you are still in need of funds, and have not applied, I encourage you to do so.

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Payroll Tax Credit Eligibility

The CARES Act’s new Employee Retention Credit is an alternative to receiving a loan through the Paycheck Protection Program (PPP). Businesses may choose the credit or PPP loan, if available. Unlike PPP, the tax credit does not have a limit on the size of your business, making it an option for larger companies that don’t qualify for the PPP.

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