It’s hard to believe it’s the last quarter of 2019. Are you starting to stress about your 2019 tax return? Have you done any tax planning? If you plan for the remainder of 2019, as well as 2020, tax planning will not be a stressful situation. President Sandy Furuya breaks down her top 10 tax […]
Today we’re focusing on Fringe Benefits, and what plan may be right for you, including the difference between an accountable plan and a non-accountable plan, and Section 125 plans.
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year end. […]
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others. You may have to send 1099-MISC forms to those whom you pay nonemployee compensation, as well as file copies with the IRS. This task can be time consuming and […]
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government on time. If you willfully fail to do so, you could personally be hit with the […]
Today we’re focusing on Fringe Benefits. What is a fringe benefit? It is compensation or benefit that’s received by the employee that’s taxable and reported on W2. But what does that mean for you?