The internet is where people go to discuss their favorite sports teams, politicians, recipes — you name it. This is especially true for customers. You can find out how much people love or hate your business by what you see via Facebook, Instagram, Pinterest, Twitter and other social media platforms. More and more of your
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Alimony or child support? A big tax difference
If you are divorced and have young children, there’s a good chance that you are paying or receiving alimony or child support (or both) under a divorce decree. What’s the difference? The distinction is important to the IRS. Currently, alimony is deductible by the party who pays it and taxable to the party who receives
Read MoreTemporary workers: a good or bad idea?
According to the American Staffing Association, there are approximately 3 million temporary and contract employees working for U.S. staffing companies during an average work week. That means there’s a wide range of skilled people usually available for work whenever most businesses need them. Even so, should your company hire temporary workers? Consider the following: Advantages
Read More3 safe harbor rules for estimated taxes
Paying income taxes every year is a necessary evil, but it can be even more unpleasant if you fail to pay your taxes on time. The IRS may assess an estimated tax penalty on top of the regular income tax you’ll owe. This often causes problems for self-employed individuals who don’t have tax regularly withheld
Read MoreHow to cut taxes under the new tax act
Now that the massive new Tax Cuts and Jobs Act (TCJA) is finally the law of the land, what should you do? Every situation is different, but here are several practical suggestions for improving your tax outlook for 2018 and beyond: Adjust your withholding There are “winners” and “losers” due to changes in tax rates,
Read MoreNew tax credit for paid employee leave
The new Tax Cuts and Jobs Act (TCJA) includes significant changes for individuals and businesses alike, enhancing some tax breaks and eliminating or reducing others. One new provision creates a new tax credit for employers who pay wages for family and medical leaves. Currently, the new credit has a short shelf life, taking effect in
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