Here are three factors to consider when determining how much to pay yourself as a business owner. Also read about how an accountable plan is a win-win tax move for you and your employees news.resourcesforclients.com • 2 min read As a small business owner, you grapple with many urgent and important questions on a daily …
Category: Monthly Newsletter
Client Update Newsletter: July 2021
Ideas to Lower Your 2021 Tax Bill Now is the time to begin tax planning for your 2021 return. Here are some ideas: Contribute to retirement accounts. Tally up all your 2021 contributions to retirement accounts so far, and estimate how much more you can stash away between now and December 31. So consider investing in …
Client Update Newsletter: June 2021
Find out the one number you need to know! Also read about hiring your kids for a summer job, the benefits of doing a 12-month financial forecast and dive into the wonderful world of podcasts! Do you know your net worth? Find out why knowing this number is one of the most important financial concepts …
Tax & Business Newsletter: May 2021
Find out how to build a fortress balance sheet and a cash reserve for your business. Also read about small business fraud masked as fake invoices and unordered office supplies! As a business owner, cash is one of your most valuable commodities. Find out how to build a fortress balance sheet so your business can …
May Client Update Newsletter
Tax day is finally here! To celebrate getting your tax return finished, test out your knowledge of tax history with our trivia quiz. Also read about some helpful hints that can make paying your bills less stressful. We also have some suggestions for how small businesses can help one another stay afloat until the entire …
Keys to Managing Remote Workers
Did you know that 40% of employees already worked remotely in some capacity before the pandemic began in 2020 according to a recent Gallup poll? By the end of summer in 2020, that percentage rose to 58%. With working remotely becoming more popular over the years, even before the pandemic, it's plausible that the widespread use of …
Tax & Business Newsletter: April 2021
Recent legislation provides another round of financial assistance for qualifying businesses. Also read about several suggestions for managing remote workers in your business. More Financial Assistance Available for Businesses PPP loan application deadline extended to May 31 Businesses can get another round of financial assistance courtesy of the recently-passed American Rescue Plan Act and an …
Tax & Business Newsletter: February 2021
Cut Your Business's Tax Bill With These Provisions As tax filing season officially gets underway, here are several new business-related tax provisions that could help cut your tax bill. The three provisions outlined in this article can also be applied retroactively. Net Operating Losses (NOL). When your company’s tax deductions exceed taxable income, the result is …
Client Update Newsletter: February 2021
Learn about a new tool to protect your tax return from would-be thieves. Plus find out how you are giving away the most valuable thing you own! As the tax filing season gets underway, now is a great time to review some tips to help ensure your tax return is processed without a delay. Also …
Tax & Business Newsletter: January 2021
You can now deduct expenses paid with PPP loans on your tax return. There's also a new round of funding for additional PPP loans if your business is struggling. Read about what it means for you. PPP Loan Expenses Are Now Tax Deductible If you or your business received funds from the Paycheck Protection Program …
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