Want to See Your Business Grow?
Become a thought leader. A successful business is made up, not only of the brand of the company, but the brand and reputation of the people that run it. Investing time and energy in establishing your personal brand builds credibility and enhances the reputation of not just yourself but your company, too. The most commonly…
2 tax pitfalls of mutual funds
Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in taxable accounts, or are considering such investments, beware of these two tax pitfalls: Mutual funds with high turnover rates can…
6 Awesome Entrepreneurial Traits
Though not everybody is cut out to run their own business, some are more adept than others at being at the helm of a successful entrepreneurial enterprise. Becoming a successful entrepreneur requires both a great business idea and certain specific traits. Jenny Ta, founder and CEO of Sqeeqee.com, a social commerce platform that gives individuals,…
Have you misclassified employees as independent contractors?
An employer enjoys several advantages when it classifies a worker as an independent contractor rather than as an employee. For example, it isn’t required to pay payroll taxes, withhold taxes, pay benefits or comply with most wage and hour laws. However, there’s a potential downside: If the IRS determines that you’ve improperly classified employees as…
Could You Maintain Business Continuity During a Disaster?
Planning for a disaster can sometimes elicit feelings of discomfort, but it’s a vital tool for businesses. Though it may be easier to adopt the “It won’t happen to us” view, sticking your head in the sand won’t allow you to maintain business continuity or keep your employees safe, should disaster strike. Whether it is…
Why you need to know the value of your assets
With the gift and estate tax exemptions currently at $5.34 million, you might think that estate valuations are less important. But even if you believe that your estate’s value is under the exemption amount, it’s still important to know the value of your assets. First, your estate might be worth more than you think. For…
Summer Hiring Tips
Summer brings warm weather, sunny days and summer hires. Students out of school for a few months are eager to work and businesses are eager to have them. Be prepared for the rush of additional customers with an increased short-term workforce and be sure to follow these tips to ensure you’re covered from all angles:…
If you’ve put your home on the market, you need to know the tax consequences of a sale
Summer is a common time to put a home on the market. If you’re among those who are following this trend, it’s important to be aware of the tax consequences. If you’re selling your principal residence, you can exclude up to $250,000 ($500,000 for joint filers) of gain — as long as you meet certain…