In 2020 and 2021, many companies have experienced “workforce fluctuations.” If your business has engaged independent contractors to address staffing needs, be careful that these...
Worker Classification is Still Important
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Blog
Taking Marketability Discounts on Controlling Interests
In a business valuation context, the term "marketability" refers to the ability to quickly convert property to cash at minimal cost. While publicly traded stocks are readily...
Striking a Balance Between Retirement Planning and College Saving
For 2022, the amount you can sock away into your 401(k), 403(b) and most 457 plans will rise another $1,000 to $20,500. If you're at least 50 years of age, you can put away up to...
5 Tax Planning Tips for Retirees
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true for some,...
Oops, You Overfunded Your 529 Plan
Some might consider it a good problem to have: saving too much money for college. But if the money is held in a Section 529 college savings plan, there could be tax consequences...
Are you liable for “nanny taxes”?
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand...
Are you liable for “nanny taxes”?
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand...
Working Remotely from “Out of State” Can Be Taxing
The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: an increase...
Lowdown on Federal Tax Proposals for Individuals and Businesses
The U.S. Department of Treasury released its "Green Book" in May entitled, "General Explanation of the Biden administration's Fiscal Year 2022 Revenue Proposals." It contains...
Tax Consequences of Offering Innovative Benefits
Although some companies that sent workers home during the pandemic have returned them to the office, many businesses continue to rely on remote workers. At the same time,...