Tax credits reduce the amount of tax you owe, whereas deductions lower your taxable income. There are several highly valuable business tax credits you might not know about that could cut your tax bill. (more…)
Internships are an excellent opportunity for students to get real-world work experience and for employers to get help with special projects and recruiting potential employees for the future. But what do you know about compensating interns? (more…)
The passing of the original SECURE Act in December 2019 was designed to improve retirement savings opportunities for workers. But the law was widely criticized for being too complicated and difficult to navigate. This March, the House of Representatives passed the SECURE Act 2.0. (more…)
Inflation is a fact of life. We all know prices go up over time, and that’s never been more evident than it is right now. (more…)
In 2014, an Employee Benefits Security Administration (EBSA) review found that 39% of employee benefit plan (EBP) audits conducted contained significant deficiencies to one or more applicable requirements. (more…)
When you borrow money, the lender expects to be paid back. Sometimes, when you borrow money as a business owner and can’t pay it back, you can get the lender to either forgive or restructure the loan. (more…)