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Squeeze More Out of a Company SEP [Simplified Employee Pension Plan]
If you want a retirement plan for your small company or self-employed business -- but you don't want to be buried in paperwork -- consider a...
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If you want a retirement plan for your small company or self-employed business -- but you don't want to be buried in paperwork -- consider a...
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When family business owners sell C corporation stock for a big profit, they usually qualify for the current 20% maximum federal rate on long-term...
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Businesses Targeted for Identity Theft The IRS is warning businesses that they may be prime targets for identity theft. How do you know if your...
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The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the latter of: The due date for your tax...
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Businesses that operate in the retail or restaurant spheres have it relatively easy when it comes to collections. They generally take payments right...
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Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for...
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The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up...
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The U.S. Department of Treasury released its “Green Book” in May entitled, “General Explanation of the Biden administration’s Fiscal Year 2022...
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Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this...
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They say little things mean a lot. And relatively small expenses can add up to a huge amount of money your company could be wasting.
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Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020...
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Most of us are taught from a young age never to assume anything. Why? Well, because when you assume, you make an … you probably know how the rest of...
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If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you’re looking to fulfill a lifelong...
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In normal market conditions, people who’ve been unemployed due to an economic slump are generally eager to take a job when the economy perks up. But...
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The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs).
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The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased...
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The Small Business Administration (SBA) is preparing to launch the Restaurant Revitalization Funding Program (RRF). In order to help you apply, we...
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Owners of incorporated businesses know there’s a tax advantage to taking money from a C corporation as compensation rather than as dividends. The...
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When the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) last year, the program’s stated objective was “to provide...
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While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these...
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On March 30, 2021, President Biden signed legislation to extend the application period of the popular Paycheck Protection Program (PPP) through May...
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The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress...
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The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until...
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Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 Pandemic that has haunted the country for...
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Are you a business owner thinking about hiring? Be aware that a recent law extended credit for hiring individuals from one or more targeted groups....
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When one door closes, another opens. The COVID-19 pandemic has forced many small businesses to permanently shutter. But it has also provided new...
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This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by...
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Many business owners generate financial statements, at least in part, because lenders and other stakeholders demand them. You’re likely also aware of...
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TMA has worked with hundreds of small businesses and our team has nearly 200 years of combined professional experience.
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Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this...