Outsourced Accounting

12/02/2021

IRS Announces 2022 Limits for Retirement Plans

The IRS has announced the new retirement plan numbers for 2022. Retirement limits for 401(k) and similar plans are up. The contribution limit

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11/03/2021

Taxable and Nontaxable Employee Benefits

As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers

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10/14/2021

Protecting Wealth Through the Use of Family Offices

Family offices act as the heart of a family’s operations, doing everything from managing their financial lives to overseeing their investments,

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09/14/2021

Employee Retention Credit: Further Guidance

In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but complex Employee Retention Credit. The IRS is

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07/23/2021

Health Insurance Plans and Alternatives for Small Businesses

Employer-based health insurance costs have increased modestly since 2012 — between 3% and 5% annually for family coverage, according to a 2020

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07/23/2021

What Employers Need to Know About FICA Taxes

The Federal Insurance Contributions Act (FICA) mandates that employers have to withhold, and also match, certain taxes. FICA consists of Social

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06/28/2021

Affordable Care Act Upheld — Again

In a 7-2 decision, the U.S. Supreme Court upheld, again, the Affordable Care Act. Texas and other states had sued to overturn it. The court’s

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06/28/2021

Retirement Plan Startup Costs Tax Credit

A tax credit for small-employer pension plan startup costs may be awaiting you. You may be able to claim a tax credit of up to $5,000 when you set up

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06/28/2021

Planning Ahead for Tax Credits and Deductions

Everybody wants to pay as little in taxes as possible. Most people use software or hire an accountant to help them find all the deductions they can

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04/28/2021

Employers Get Tax Breaks for Vaccination Leave

Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid

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