We’ve almost reached the end of the year. Most of us are looking at our current books to ensure that we are on track to meet our goals or looking at ways that we might be able to improve performance going into next year. However, one area that you probably aren’t focused on is decreasing your payroll cost without cutting employees.Read More
Although the value of a tax credit should never be the sole reason a particular employee may be hired, it should definitely be a consideration. There are a number of successful companies who demonstrate a commitment to hiring individuals from disadvantaged backgrounds including Columbus-based Hot Chicken Takeover and Bay-Area based The Town Kitchen. Therefore, don’t be afraid to take a shot on someone from a disadvantaged background. There might just be a tax break for you.Read More
Has your small business started benefiting from the decreased tax rates enacted under the Tax Cuts and Jobs Act of 2017? If you have, did you know that there is another tax provision that can decrease your payroll-related tax expense?Read More
So you’ve started your new company and things are going fairly well. You know you don’t yet have significant cash flow to pay your employees a whole lot more than you already do but you want to show you appreciate their contributions to your success. What if there was a way to provide additional benefits to your employees without increasing compensation, breaking the bank, and potentially receive tax savings? Great news, there is a way and its called a fringe benefit.Read More
Most small businesses don’t understand the various options that may be available to them when choosing a business entity. Almost everyone has heard of a corporation, partnership, or limited liability company but what does that really mean for your company and why should I choose one over the other. In choosing what may be best for your family-owned business, there is another alternative available to small businesses that is a Small Business Corporation (also known as a Subchapter S Corp or S-Corp).Read More
Retirement planning is probably the last thing a small business owner is thinking about. With the focus on creating relationships with new customers, developing a great product or service, and managing the day-to-day operations, there isn’t much time to think about retirement. However, there are a number of great benefits in considering developing a retirement planning vehicle for your small business.Read More
Ohio real estate brokerage firms have a unique opportunity to save a significant amount of money in employment-related taxes if a few important steps are taken. However, if the rules are not understood or improperly followed it can increase your overhead cost by a significant amount. Take the opportunity to learn more here....
Websites like Airbnb, Zillow, and Craigslist have created an easy way to connect people who need homes with people willing to provide them. However, there are some key considerations that new rental property owners should keep in mind when starting this new adventure.Read More
When you are at the bar this weekend celebrating Saint Patrick’s Day you may want to raise a glass to your congressman. Reductions in the federal excise tax rates are having a direct benefit on local craft breweries. Learn more....