In late December 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The act is designed to increase access to tax-advantaged accounts for more Americans and keep older Americans from outliving their retirement assets. One of the biggest steps the SECURE Act takes is to incentivize small businesses to offer…
Read article
You may have heard that there will be significant changes to the Supplemental Nutrition Assistance Program (SNAP) in 2020, but sometimes the details of those changes are hard to figure out. The good news, if there can be any, is that these changes don’t go into effect until April 1, 2020, so if you’re one…
Read article
With the national unemployment rate at a low, the employee pool may look like it is getting sparse. However, that may be because you’re not looking in the right employee pool. 2020 should be the year you consider hiring ex-felons. For many employers, it’s tough to think about trusting an ex-felon as someone who will…
Read article
It’s hard to think about taxes when the deadline is so far away but now may be the best time to get to work on them. Late December and early January tend to be slow months for small businesses, which is why they’re a great time to get a jump on work that will pop…
Read article
As 2019 draws to a close, many companies are looking for ways to give back to their communities and maybe get a little tax advantage in return. But there are some things you should consider before you decide how much you’re going to donate and who you’re donating to. Choosing the right charity The first…
Read article
December 3, 2019, was International Day of Persons with Disabilities and it’s a good time to recognize your employees with disabilities and share with the rest of your team why disability does not define a person. What is International Day of Persons with Disabilities? International Day of Persons with Disabilities was proclaimed in 1992 by…
Read article
Transitioning out of the military and into the workforce can be tough for veterans. They find themselves confronted with a working world that does not understand the immeasurable skills and expertise that they bring to a business. It’s a hurdle that many veterans face as they leave the military and begin to focus on a…
Read article
The U.S. Treasury recently issued a report that said that millions of dollars of tax credits have been issued to people who had no right to claim them. The report found that about 7 percent of the taxpayers claiming the Alternative Motor Vehicle Tax Credit, were not filing a claim for qualified electric vehicles. We…
Read article
With the current political climate, many small business owners are concerned that Immigration and Customs Enforcement (ICE) will pay a visit to their business. Despite their best efforts, small business owners can’t always know what goes on behind the scenes with every employee. Plus, these are co-workers and in many cases friends. Why Would ICE…
Read article
October is National Disability Awareness Month and it offers the perfect excuse to once again highlight the Work Opportunity Tax Credit (WOTC). For many businesses, the WOTC is the easiest tax credit for them to achieve. Basically, the federal government is offering you an incentive for hiring from specific groups like veterans, persons with disabilities…
Read article