Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and … [Read more...]
Turn a summer job into tax savings: Hire your child and reap the rewards
April 14, 2025 by Carolyn Halverson
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, … [Read more...]
Mitigate the risks: Tips for dealing with tariff-driven turbulence
April 11, 2025 by Jeff Rislov
President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. … [Read more...]
An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing
April 8, 2025 by Mitchell Erickson
Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential for certain taxpayers. … [Read more...]
In the news: 3 updated fraud risks
April 7, 2025 by Annette Benson
Fraud schemes are always evolving. Once frauds are widely publicized and consumers and businesses learn to spot common scams, enterprising criminals change … [Read more...]
Small business alert: Watch out for the 100% penalty
April 7, 2025 by Jeff Rislov
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ … [Read more...]
Keeping password “spraying” from compromising your network
April 2, 2025 by Annette Benson
Cybercriminals are always looking for novel ways to gain unauthorized access to online accounts and IT networks. Password “spraying” is a newer scheme you and … [Read more...]
6 essential tips for small business payroll tax compliance
April 2, 2025 by Tonya Raths
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal … [Read more...]
Are you a tax-favored real estate professional?
April 2, 2025 by Mitch Gwost
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally … [Read more...]
Can we have a mandatory retirement age?
April 2, 2025 by Nicholle Peterson
Can we have a mandatory retirement age? With a few exceptions, no, you can’t have a mandatory retirement age. Forcing an employee age 40 or older to retire at … [Read more...]
