Summer is just around the corner, so you might be thinking about getting some vacation time. One of the most common questions we get asked is, “are vacations tax deductible“? Are you self-employed or a business owner. If so, you have a golden opportunity awaiting! It is possible combine a business trip with a few … Continue reading “Tax-Smart Domestic Travel: Combining Business With Pleasure”
Month: May 2019
CRM Benefits for Business: Building Long-Term Relationships
Few businesses today can afford to let potential buyers slip through the cracks. Customer relationship management (CRM) software can help you build long-term relationships with those most likely to buy your products or services. But to maximize on the CRM benefits for business, you and your employees must have a realistic grasp on its purpose … Continue reading “CRM Benefits for Business: Building Long-Term Relationships”
Having a Child Employed by Parents: Everyone Wins
Are you a business owner? If so, having a child employed by parents (or grandchildren) this summer might be of interest to you. Doing so can obtain tax breaks and other non-tax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to: Shift … Continue reading “Having a Child Employed by Parents: Everyone Wins”
Annual Performance Review Tips For Employers
There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art review process overwhelming. Are you ready for better performance reviews? In this blog post, we are going through annual performance review tips for employers. We are … Continue reading “Annual Performance Review Tips For Employers”
Buying vs Leasing Equipment for Business
Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease. You’ve probably faced this decision when considering office space or a location for your company’s production facilities. But the buying vs leasing equipment discussion also comes into play. Pride of Ownership … Continue reading “Buying vs Leasing Equipment for Business”
Small Business Tax Deductions
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most small business tax deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies, the home office tax deduction itself and several other expenses. Some expenses are detailed in the tax … Continue reading “Small Business Tax Deductions”
Virtual Care: Should Your Health Care Plan Be More Future-Focused?
The pace of health care cost inflation has remained moderate over the past year or so. This is good news, and employers are trying to keep it that way. In response, many companies aren’t seeking immediate business cost control measures or asking employees to shoulder more of the burden. Rather, they’re looking to “future-focused” virtual … Continue reading “Virtual Care: Should Your Health Care Plan Be More Future-Focused?”
Independent Contractor vs Employee: How Should You Handle Worker Classification?
Many employers prefer to classify a worker as an independent contractor vs employee to lower costs. However, under such classification generally means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses using the independent contractor classification simply to reduce taxes or avoid their employee benefit obligations. Why … Continue reading “Independent Contractor vs Employee: How Should You Handle Worker Classification?”
Prepare For The Worst With A Business Turnaround Strategy
Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by internal factors. Examples include weak financial oversight, lack of management consensus or one-person rule. External factors typically contribute, as well. These may include disruptive competitors; … Continue reading “Prepare For The Worst With A Business Turnaround Strategy”