Segregation of duties is a type of preventive internal control that ensures an individual does not perform multiple duties in which committing and concealing … [Read more...]
SECURE 2.0 Act
December 29, 2022 by Larry Stulen
On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new … [Read more...]
It’s Tax Time! Tips to Get Organized
December 29, 2022 by David Corneil
The beginning of a new year brings the need to recap the previous one for Uncle Sam. Here are some tips and a checklist to help get you organized. Look for … [Read more...]
2023 Q1 tax calendar: Key deadlines for businesses and other employers
December 19, 2022 by Brett Aamot
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t … [Read more...]
Choosing a business entity? Here are the pros and cons of a C corporation
December 5, 2022 by Jennifer Lownsbury
If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the major advantages and … [Read more...]
Inflation Spikes Social Security for 2023
November 14, 2022 by Lori Reich
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 … [Read more...]
Benefits of an employer-sponsored HSA
November 14, 2022 by Jen Burnett
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an … [Read more...]
Inflation means you and your employees can save more for retirement in 2023
November 14, 2022 by Annette Benson
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced … [Read more...]
Act now to reduce your business’s 2022 tax bill
November 14, 2022 by Jennifer Lownsbury
It’s been a tumultuous year for many businesses, and the current economic climate promises more uncertainty for the short term, if not longer. Regardless of how … [Read more...]
5 steps to take now to cut your 2022 tax liability
November 7, 2022 by Thomas Stoeckman
It has been quite a year — high inflation, rising interest rates and a bear stock market. While there’s not a lot you can do about any of these financial … [Read more...]
