The Financial Management Blog for Surprise, Arizona
Managing payroll during the uncertain times caused by Covid–19 is a challenge even for established and experienced businesses. As employers shift to using more remote workers, how can you help keep payroll functioning, ensure happy remote employees, and stay within your legal obligations as an employer? Here are a few key steps to take.
1. Give Yourself Extra Time
If 2020 has taught businesses anything, it is that surprises happen. But payroll rules generally put the onus on the employer to plan for emergencies while still providing on-time payroll.
When starting a business, there are many papers to keep for tax purposes. Some are needed for actually filing taxes, and others should be kept in case the IRS asks you questions later or audits your business. Here’s a look at some of the tax-related documents and papers you’ll want to keep when starting a business.
You need to be able to trust someone who manages your financial affairs and protects your assets for the future, so using the right professional is a must. While most people turn to a financial planner, you have good reasons to opt for a Personal Financial Specialist.
Salary for S Corporation Officers | Monheit Frisch Group PLC
Are you an owner (part or full) of an S Corporation? Then you need to know about how to compensate yourself properly. For many small business owners, the amounts and types of compensation are often determined by whether or not the business is making a profit. But the IRS does actually provide rules about officer compensation, and when you follow these rules, you stay out of trouble.
2020 Standard Mileage Rates Announced for Business, Charitable, Medical, and Moving Purposes
The Internal Revenue Service as of late gave the 2020 discretionary standard mileage rates.
Do you plan to begin working with a financial planner? This step is surely one that will help put your new year on a good path financially. And as you consult with your new financial planner, you may be directed to do some tasks alongside a paraplanner. What is a paraplanner, and how can they help you reach your goals? Here is a brief guide to this unique part of the financial planning world.
Whether you auction specialized antiques online, ship mugs from China, or sell handmade artwork and crafts, you probably didn’t get into it for the taxes. Maybe you started the business to do something you love. Maybe it even developed out of a hobby. In either case, taxes may be one of your least favorite parts of the business, but you still have to do them.
Firm Offers Tax-Smart Planning & Investing Strategies to Advisors and the Clients They Serve
September 9, 2019—Earlier this year, our firm’s wealth management support and services provider, 1st Global, was purchased by Blucora, Inc., a leading provider of technology enabled solutions to consumers, small businesses and tax professionals. Blucora plans to unify its two wealth management divisions, HD Vest and 1st Global.