When are Employers Required to Make Employee Deferrals and Company Matching Payments?

Accounting firms get this common tax question asked each year by their clients and business owners: When are employers required to make employee deferrals (to simple 401(k), 401(k), etc.) and company matching payments for company retirement plans? Here are the answers broken up into different deferrals and company matching payments. SIMPLE 401(k) Plans “The SIMPLE…

2018 Year-End Tax Reminders

2018 Year-End Tax Reminders A good CPA performs your accounting and tax services to your satisfaction. A great CPA does all of that plus advances your business and family’s finances through leadership, strategic partnerships and is a valuable team member. The CPA’s education, responsibilities and accounting approach should align with your firm’s and/or family’s strategic…

Taxes – How Does Your State Compare?

Taxes – How Does Your State Compare? Wondering where you stand with your taxes in comparison to the other 49 states? Looks like 24/7 Wall Street wanted to know also. “To identify the states with the highest and lowest tax burdens, 24/7 Wall St. reviewed state and local tax burdens as a share of state…

Most Common Business Entities


Most Common Business Entities Are you thinking about starting a business? If yes, congratulations! It is an exciting step to take. It is also very important that you set up your business structure correctly from the beginning. When starting up your new business, you should talk to a CPA about the different types of business…

New Tax Law Changes the Way you can Deduct Meals and Entertainment Expenses in 2018

New Tax Law Changes the Way you can Deduct Meals and Entertainment Expenses in 2018  Businesses will be affected by a major tax reform in 2018 under The Tax Cuts and Jobs Act (TCJA) which eliminates the deduction for business-related entertainment expense for amounts incurred or paid after Dec. 31, 2017. The TCJA also modifies the rules…