Small business owners have two retirement plan alternatives with fewer requirements than traditional qualified retirement plans.
employees
Your Weekly Read
Questions about taxes and tips? Here are some answers for employers
You may have heard about proposals to end taxes on tips. If you’re a business with employees who receive tips, how should you proceed?
What type of retirement plan is right for your small business
If your company is ready to sponsor a qualified retirement plan, many potential choices are on the table. Here are three prime examples.
How tax-smart HSAs can benefit your small business and employees
Health Savings Accounts allow you and your employees to set aside money on a pre-tax basis to pay for qualified medical expenses.
The nanny tax: What household employers need to know
In 2024, if you pay a household worker cash wages of $2,700 or more, you must withhold and pay nanny tax. What will the threshold be in 2025?
Hiring your child to work at your business this summer
Hiring your child at your business this summer? It can be a tax-smart idea. Here are the benefits.
Small businesses can help employees save for retirement, too
Nowadays, even small businesses are often expected to help employees save for retirement. The good news is there are some relatively easy ways to do so.
Should your business offer emergency savings accounts?
There’s a new fringe benefit your business may want to offer your employees: pension-linked emergency savings accounts. Here’s how they work.
Update on IRS efforts to combat questionable ERC claims
Aggressive marketing encouraging businesses to claim the pandemic-related Employee Retention Credit led to many taxpayers erroneously receiving refunds. The IRS has a program that allows them to come forward and repay part of the money before collection efforts begin.
You may qualify for a tax credit for employees who receive tips
If you’re a restaurant owner with employees receiving tips, you may qualify for a lucrative tax break.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
144 W 2nd St
Washington, NC 27889
Washington, NC 27889
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8:00 AM - 5:00 PM
Friday
8:00 AM - 12:00 PM
Saturday-Sunday
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