Category: Business

Americans tend to view crises as opportunities, and the pandemic was no exception. Many new and innovative businesses emerged from the chaos. There are always openings for success, even in […]

Starting on Feb. 24, 2021, the SBA is establishing 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This is according to guidance on the […]

Are there business deductions you can take advantage of? Yes, but first you have to make sure your expenses are truly business-related. The lines can blur, especially with a small […]

The IRS released the final regulations and other guidance on the limitation on the deduction for business interest expenses under the Tax Cuts and Jobs Act of 2017 that was […]

If your employees receive cash tips from your customers, the tips may constitute taxable wages for payroll tax purposes. This subjects you as an employer to additional payroll tax withholding, […]

In today’s environment, a company retirement plan can become a valuable asset for the owner and employees of the company. Along with providing a way for the owner to accumulate […]

As of the publishing of this newsletter, about one third of the $310 billion appropriated for the second round of Paycheck Protection Program funding is still available.  The Treasury has […]

A lot has changed in the early months if 2020. Many workers found themselves working from home for the first time. But working from home can be a challenge even […]

Below are five common mandatory registrations for businesses with employees. 1. Federal Employer Identification Number To do business as an employer, you must obtain an Employer Identification Number from the […]

Under the Fair Labor Standards Act, whether employees should receive on-call pay depends on whether the time spent on call qualifies as “hours worked.” If so, employees must receive at […]

Businesses often start out as sole proprietorships simply because it is the simplest entity type with the easiest setup. Unlike other business structures, no formal set up is involved.  An […]

Internal controls are the processes that a company has in place to prevent and detect both errors and fraud.  Internal controls are thought of most often in accounting, but they […]