5 tips to dial down distractions

Our most precious commodity is time—and our attention is a close second. That’s why everyone can use some help on how to tune out daily distractions. We compiled the following helpful tips from copyblogger.com to get you started on dialing down distractions: Go grayscale on your phone. Bright colors and fun graphics are the eye-candy that…

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4 reasons to file your return early

The April 15 filing deadline is rapidly approaching, so we encourage you to send us your tax documentation as soon as possible to expedite the filing process. Here are four important reasons why you should file your return sooner rather than later: Identity theft prevention. Once your return is filed with the IRS, personal information (such…

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A few key tax reform provisions every business owner should know about

This tax season is an important one for many business owners because it’s the first that will be impacted by the Tax Cuts and Jobs Act (TCJA). How big of an impact is dependent on your unique situation. We’ve compiled this short list of provisions that may affect the business community: New deduction for qualified…

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On your mark, get set…GO prepare for tax season

The combination of running a business and your life and preparing for tax time can drive some people into a slight panic. But no need to get stressed if you are prepared. Now is the time to start organizing all documents required to file your tax return. Also, consider going completely digital this year. Start…

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5 tips to mitigate paying taxes on Social Security benefits

Like the old paraphrased saying goes: In this world, two things are certain—death and taxes. The recent federal tax overhaul changed a lot of rules, so it’s as important as ever to understand your tax obligations, including those on Social Security benefits. According to the Social Security Administration, some will be obligated to pay federal…

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New IRS warning: Email scams will surge this holiday season

Unfortunately, cyber scammers never take a vacation. In fact, the IRS has issued a warning of a surge in fraudulent emails that bait potential phishing victims with fake tax transcripts. Links within these emails lead recipients to documents containing the well-known malware, Emotet. Fraudulent emails will look as if they are coming from the IRS…

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Spreading the feeling of gratitude

Instilling a thankful frame of mind among your staff makes for a gratifying work place. Consider a few suggestions for developing an atmosphere of thankfulness to get into the spirit of the holiday season. Focus on gratitude. Start meetings with a thoughtful exercise. Ask staff to name one thing they’re grateful for or to share…

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Ramp up awareness to ‘shop small’ on Small Business Saturday this month

Black Friday and Cyber Monday need no introduction, but for small business owners it’s all about Small Business Saturday—an annual holiday shopping tradition that gets communities out in support of their local small businesses. Small Business Saturday falls on November 24 this year, so if you haven’t already…start getting the word out. Here are a…

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Important Update: 1099 Reporting for 2018

The Protecting Americans from Tax Hikes (PATH) Act of 2015 requires Forms 1099-MISC reporting non-employee compensation (NEC) in box 7 to be filed by January 31. All filing deadlines are as follows: Reporting NEC, whether filed on paper or electronically: January 31 Not reporting NEC and filed on paper: February 28 Not reporting NEC and…

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