Avoidable Accounting Errors Startups Should Watch Out For
In any new business venture, accounting is an essential element to consider. Unfortunately, it’s also an area where startups tend to make mistakes. Let’s look at a few common (and
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What Are The Three Essential Elements of Taxable Wages?
The responsibility falls on the employer to apply for employment taxes to wage payments. Not only is it their responsibility, but they also can be liable for it as well.
Make Sure Your Revocable Trust Is Fully Funded
A revocable trust can provide significant benefits. Otherwise known as a ‘living trust,’ they can include the ability to avoid probate of the assets the trust holds and facilitating management
What Creates Value For Non-Profit Membership?
It’s common for people to cut expenses when inflation is high. For many, this means deciding not to renew subscriptions and memberships. This trend can be devastating (even catastrophic) for
Evaluate HR Decisions Using A SWOT Analysis
Developing strategic plans, overseeing day-to-day operations, and, of course, putting out fires are just a few things business owners do. Yet, an underlying source of both opportunity and trouble can
Meet The Requirements To Avoid Penalty Tax For Retirement Plan Early Withdrawals
If you take an early withdrawal, most retirement plan distributions are subject to income tax and could be subject to an additional penalty. In general, it’s considered early when participants
Employers: It’s Important To Know Your Employee Injury Responsibilities
The Occupational Safety and Health Administration (OSHA) takes employee injuries very seriously and requires companies to submit injury data. The requirements are complex, and you may want to work with
2023 Increased Tax Limits Affecting Businesses
Due to high inflation, a variety of tax-related limits affecting businesses, which are indexed annually, have increased more than usual for 2023. Here are some that may be important to
Business Owners: Help Protect Your Organization From Insurance Fraud
Various sources state that approximately 10% of all insurance claims involve fraud. Then, insurers generally pass along the fraud costs to policyholders in the form of higher premiums. Unfortunately, organizations
2023 Penalty Adjustments To Benefits-Related Violations
2023 annual adjustments to civil monetary penalties were recently announced by the U.S. Department of Labor (DOL) regarding a wide range of benefits-related violations. By January 15 each year, annual