A small business guide to fringe benefits taxes A healthy workforce can significantly contribute to the health of a company’s bottom line. The prospect of increased productivity and decreased healthcare costs provides an incentive for employers to do what they can to promote their employees’ well-being. For many businesses, doing so involves wellness programs that […] Read more “Keeping Your Company’s Wellness Program in Good Tax Shape”
Start-up Blog
A college education costs a lot of money. It is a fair bet that it will cost even more next year, and the year after that, and the decade after that.For parents, the thought of writing checks for upwards of $60,000 a year for four years or more can send shivers down the spine. But […] Read more “Get Your College (Savings) Education: Understanding 529 Plans and UTMA/UGMA Accounts”
If there existed a place called “The Museum of the American Workplace,” the typewriters, fax machines, and other relics would likely be accompanied by an exhibit of traditional defined-benefit pension plans. Once a bedrock of employer-based retirement savings, traditional pension plans have been under siege and disappearing from the American workforce for decades, replaced by […] Read more “Cash-Balance Plans Can Help Small Business Owners Boost Savings”
New Kiddie Tax Rules and Rates for 2018 Mowing the lawn, shoveling the driveway, teaching their parents how to use their tablets and phones – these are all ways kids and teens can earn some spending money. No matter how modest that compensation may be, every dollar of it constitutes “earned income.” But kids can […] Read more “The New “Kiddie Tax”: It May Be Simpler, But It Still Isn’t Child’s Play”
For many, childhood birthdays connote memories of a reliable yearly windfall in the form of a check for $10 or $25 from grandma and grandpa. Such gifts perhaps represented a new video game or record album (for those who recall what those were), but they probably didn’t raise any tax concerns either for the child […] Read more “What You Need to Know About the Gift Tax”
If you are a salaried employee working for an established company, your employer likely provides you with a range of perks and programs that you’d have to pay for or take care of yourself if you ran your own business. From that ever-flowing coffee in the break-room to solid health insurance to the slice of […] Read more “SEP IRAs: An Attractive Retirement Savings Option for Freelancers and the Self-Employed”
Venture Debt Pros & Cons to Help Weigh Your Funding Options If you’re an entrepreneur, you know about venture capital and how it can play a vital role in funding your early-stage company if it has the requisite maturity. Fewer folks are familiar with the concept of “venture debt.” While it may not be as […] Read more “3 Reasons You Should Consider Venture Debt for Your Start-Up’s Funding Needs”
Your company’s journey from start-up to a mature, robust, and growing enterprise is like a long road trip. Before you step on the gas, you identify your destination, map out the best way to get there, calculate how long it should take you, and prepare for any roadblocks or mishaps which may slow you down […] Read more “Everything is OKR: How Start-Ups Can Use Objectives and Key Results to Keep on the Right Track”
If you use your car for your small business, it can be a vehicle for significant tax savings. However, to get the most mileage out of the deductions you take for your vehicle and to avoid any IRS roadblocks, you need to know the rules of the road. This includes understanding how to calculate the […] Read more “How to Drive Your Taxes Down If You Use Your Car for Your Business”
Changes to technology, business, and modern life in general happen at a rapid and constant pace in the 21st Century. The law, on the other hand, often plays catch-up to these developments, with statutes or legal precedents which once made sense becoming unworkable or obsolete. The rise, power, and magnitude of the internet and online […] Read more “No Presence Required: Online Sellers Now on the Hook for State Sales Taxes”
Learn whether invoice factoring can help your startup Until it’s paid, an invoice is just a piece of paper and an entry on a ledger. The true value of an invoice is in the cash that you’ll receive for it – eventually. For many businesses, the time between issuing an invoice to a customer and […] Read more “Invoice Factoring – Is It a Good Cash Flow Solution for Your Small Business?”
Five steps to adopt the new revenue recognition standard The new revenue recognition standard is here, and the time to implement those standards is now. As we discussed in our previous post, the standard set forth in IFRS 15 and FASB Topic 606 applies to almost all public and private companies and involves a whole […] Read more “The New Revenue Recognition Standard, Part II: The Five Steps”