May 24, 2018 | Entrepreneurs & Small Business, Payroll Tips, Small Business Accounting
By Kristine Coyle, Accounting Services If you are an employer, you may have asked yourself, “What is this Form I-9? How do I fill it out?” In the world of payroll preparation, the Form I-9 is one that we rarely see filled out correctly. This is understandable as many...
Feb 2, 2018 | Entrepreneurs & Small Business, IRS information, Small Business Accounting, Tax Cuts and Jobs Act, Tax Planning Tips, Tax Updates
The Tax Cuts and Jobs Act makes changes to the general business credit by adding a new component credit for paid family and medical leave, and changing two current component credits, i.e., the rehabilitation credit and the orphan drug credit. First, the Tax Cuts and...
Jan 8, 2018 | Employee Benefit Plans/401(k), Entrepreneurs & Small Business
Employers tend to feel like they have to offer a 401(k) retirement plan. But many organizations, particularly smaller ones, run into trouble with complex rules for discrimination testing. If all of this sounds familiar, you might consider adding a safe harbor feature...
Dec 18, 2017 | Affordable Care Act, Entrepreneurs & Small Business, IRS information, Small Business Accounting, Tax Planning Tips, Tax Updates
Sweeping Tax Overhaul Heads to House and Senate The House and Senate Tax Cuts and Jobs Act Conference Committee unveiled its tax reform package on December 15. The Committee, after a week of intense negotiations, blended the House and Senate versions of the Tax Cuts...
Oct 26, 2017 | Entrepreneurs & Small Business, FASB Updates, Nonprofit Updates, Public Companies
In February of 2016, a new accounting standard was released which requires all leases with a term of more than 12 months to be recognized on the balance sheet as assets and liabilities. The following is a brief overview of the standard and how it might affect your...
Oct 26, 2017 | Entrepreneurs & Small Business, FASB Updates, Small Business Accounting
The sweeping new revenue recognition standard goes into effect soon. But many companies are behind on implementing it. Whether your company is public or private, you can’t afford to delay the implementation process any longer. 5 steps Accounting Standards Update (ASU)...
