Can I take a loan from my 401k? Feel like you’re at the corner of “can I take a loan from my 401k?” and “will I hurt my retirement savings if I do?” Well, you’re not alone. Each year many...
Nonprofit payroll requirements: Best Practices Easily the biggest challenge of running a nonprofit is trying to do more with less, to make limited resources stretch further. Following all the nonprofit payroll requirements, laws and regulations is challenging. This is no...
Best method to pay employees Have you ever wondered which is the best method to pay employees? Well, it’s a typical Thursday afternoon at the office. You’ve reached the last leg of the day, and the weekend is just around...
Work Life Balance: A New Perspective Reading the comments in the business press, finding the elusive Work Life Balance seems less likely than catching Bigfoot singing Elvis Presley songs at karaoke. But is it really that far-fetched? Taking a closer...
Five reasons to contribute to an IRA today The clock is ticking. Every year, you have until the tax filing deadline to take contribute to an IRA. Individual retirement accounts have tax planning benefits, and they quietly grow in the...
How often should I pay my employees? How often should I pay my employees? What kind of schedule is easy and convenient for my employees and myself the employer? There’s a big secret you might be missing out on. Ready to hear...
How to find a great bookkeeper for a small business So you made the decisions to step out into the marketplace and put up a sign that reads “Open for Business!” Building a successful business is an incredibly rewarding experience....
16 top triggers for an IRS audit Have you ever wondered what the top triggers for an IRS audit are? Well, now that the season for giving is nearly over, the new year will bring a different kind of season. Tax...
How much does payroll cost? During initial conversations with prospective clients this question comes up more often than not: “So, how much does payroll cost?” Many payroll bureaus do not have a straight answer, but it should be very easy...
Eight tips on how to talk about money with kids Successful families talk about finances. Passing traditions, values and beliefs onto the next generation isn’t happenstance. The older generation must cultivate their wisdom and experience and communicate it to the...
Major Tax Breaks for Homeowners Have you ever wondered what the major tax breaks for homeowners are? If you recently bought a house, you might have found yourself paying a lot of money in the first few years. Between a...
11 Tax Deduction Tips that Can Save You Hundreds (Part 2) Are you missing out on some serious tax deductions? It might surprise you that the most overlooked tax deductions can save you the most money. No one likes to pay...
California Law Updates and California Minimum Wage Updates (2021) Several new or amended employment laws take effect in California on January 1, 2021, including mandatory child abuse reporting, expanded crime victim leave, and increased minimum wages and exempt employee salaries....
Explanation of the Changes to The Employee Retention Tax Credit in The New COVID Relief Bill The Employee Retention Credit (ERC) of 2020 has been extended to 2021. This article gives a concise explanation of those changes to The Employee...
How to read your W-2 Form This is a guide on how to read your W-2 form. Preparing W-2 forms for filing with the Social Security Administration can be tricky. This article will help: Employer seeking to fill out the...
Federal Stimulus Package and the New PPP Changes News of a Federal Stimulus Package and changes to the PPP is now official, offering some new financial relief tools to business, individuals, and specific sectors. The State of California also offered...
Tax Credit Extension for Paid Sick Leave In the new $900B COVID Relief Bill, Tax Credits for Emergency Paid Sick Leave and EFMLA will be extended to March 31, 2021. The relief bill just became law. It answers the question...
California Stimulus Package Details The California stimulus package to help struggling businesses in the state has been launched by Governor Newsom. It includes the California Rebuilding Fund, California Hiring Credit, and California Small Business Grant Fund. California Rebuilding Fund California...
The Major Challenges Facing Cannabis Payroll Tax Reporting And What Business Owners Can Do About It This guide gives an overview of the problems affecting cannabis payroll tax reporting. At a federal level, marijuana is illegal. However, several states classify...
Simplified PPP Forgiveness Form 3508S Recipients of PPP loans can now apply for forgiveness using the simplified PPP forgiveness Form 3508S if they borrowed $50,000 or less. This form was just released by the treasury and the SBA on October...
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