The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA). Here’s a rundown of the rules.
Month: June 2021
Are Your Operating Reserves at a Good Level?
Operating reserves are often called “rainy day funds.” But stable reserves are critical for far more pressing reasons than the metaphorical rainy day.
Grow your College Savings and Save on Taxes with a 529 Plan
A Section 529 plan remains one of the best ways for families to save money for college while saving on taxes at the same time.
Key Tax Deadlines for Businesses in Q3 2021
Here are some of the key tax deadlines affecting businesses and other employers during the third quarter of 2021.
What are my Board Member Responsibilities?
Board members should always bear in mind their board member responsibilities and duties. Here are the three primary duties.
Best Practices for Business Expenses
If you’re claiming deductions for business meals or auto expenses, be sure to follow best practices for business expenses.
How to Vet a Subcontractor
In the current contractor environment, knowing how to vet a subcontractor for quality of work and financial stability is more important than ever.
Crafting a Buy-Sell Agreement
Most companies with more than one owner should have a buy-sell agreement in place. Here are some of the key considerations involved in developing this legal document. Buy-sell agreement benefits A well-designed buy-sell agreement provides many benefits, including: Keeping ownership of the business within the family or another select group, for example, people actively involved