research tax credit

A Research Tax Credit can Offset Payroll Taxes

Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill. This relatively new privilege allows the research credit to benefit…
cash balance plan

Accelerate your Savings with a Cash Balance Plan

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing…
AMT

Could the AMT Increase Your 2017 Tax Bill?

A fundamental tax planning strategy is to accelerate deductible expenses into the current year. This typically will defer (and in some cases permanently reduce) your taxes. But there are exceptions. One is if the additional deductions this year…
Gift estate GST taxes

Tax Reform and the Gift, Estate and GST Taxes

As Congress and President Trump pursue their stated goal of passing sweeping new tax legislation before the end of the year, many taxpayers are wondering how proposed tax reform will affect  estate planning; specifically, the future of gift,…
letter instructions

Estate planning & a Letter of Instructions

When you draft an estate plan, the centerpiece is your will or living trust. Such a document determines who gets what, where, when and how, as well as tying up the loose ends of your estate. A valid will or living trust can be supplemented by…
W-2 scam

Beware this W-2 Scam

Here is an excerpt from the IRS Newswire, cautioning us to be aware of this W-2 Phishing scam: The W-2 scam has emerged as one of the most dangerous and successful phishing attacks as hundreds of employers and tens of thousands of employees…
Tax Free cash gifts

Make Tax-Free Cash Gifts before Year End

As the holiday season quickly approaches, gift giving will be top of mind. While gifts of electronics, toys and clothes are nice, making tax-free cash gifts using your annual exclusion is beneficial for both you and your family. Even in…
flexible spending accounts

Flexible Spending Accounts offer Flexibility

Business owners have to make tough choices when it comes to providing benefits to their employees. Many companies, especially newer or smaller ones, may understandably prioritize flexibility. No one wants to get locked into a benefits offering…
improve email marketing

4 Tips to Help Improve Your Email Marketing

No business owner wants to send out spam. Even the term “email blast,” the practice of launching a flurry of targeted messages at customers and prospects, has mixed connotations these days. Still, email remains a viable and even necessary…
improve cash flow

Minimize Inventory to Improve Cash Flow

Your business financials — where they stand currently and where they might be going next year — are incredibly important. Obviously, sales and expenses play enormous roles in the strength of your position. But a fundamental and often-overlooked…