#SeoTips Federal regulations are intended to be an interpretation by administrative agencies of laws enacted by Congress. To say that regulations are out of control is an understatement. According to the 2023 Ten Thousand Commandments report, in th...
#SeoTips According to the Bureau of Labor Statistics, the total labor force is projected to increase by 6.6% from 2016 to 2026, while the number of workers age 65 and older is predicted to rise by 57.6%. By 2026, workers age 65 and older are expect...
#SeoTips No one enjoys thinking about taxes, but small business owners must do so to minimize their tax bill and avoid an IRS audit. It’s good to know that about 3 dozen tax rules are adjusted annually for inflation. Due to the high rate of inflati...
#SeoTips It’s hard enough to attract customers and make sales, hire and manage employees, and pay your bills. Small businesses also have to comply with government regulations of which there are thousands and thousands, with more to come. According...
#SeoTips In this inflationary environment, many businesses must raise their prices to continue paying higher wages, taxes, and expenses and at least stay even in terms of profitability. NFIB reports that 70% of small businesses have raised prices,...
#SeoTips Income taxes are a perennial chore for business owners. While many tax items—deductions, credits, etc.—have new limits for 2021 due to cost-of-living adjustments and new laws, certain new items stand out. Don’t overlook the following: 1. ...
#SeoTips On occasion, an employee may experience serious financial problems and share them with you—the boss and small business owner. Many employees are still reeling from COVID-19-related problems and now, with high inflation, may face new finan...
#SeoTips Today’s tight job market makes it imperative for small businesses to offer an array of benefits to employees. Many benefits are commonly offered…health care, retirement plans, and dependent care assistance. But employers may need to go be...
Just about every business needs a vehicle. Some use cars to visit customers, clients, vendors, or run business chores—to the bank, to see an attorney or other business advisor, or to scope out new business. Others use vans to carry tools of the tr...
Qualified retirement plans are a key component of financial security for owners and their employees. The SECURE Act in December 2019 and the CARES Act in March 2020 made significant changes in various rules related to retirement plans. Incentives ...
Your business spends money and effort in looking for a new, improved, or technologically advanced product or process. The federal government may reward you through a tax credit. The research and development tax credit, technically called the credi...
The Tax Cuts and Jobs Act drastically cut the corporate tax rate. But it also introduced the qualified business income (QBI) deduction. The QBI offers a way to lower the effective tax rate on the profits of owners of pass-through entities. These i...
