The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits.
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits.
Topics: CPA
With April 17 in the rear-view, there are other important tax deadlines through the rest of the year. To help you make sure you don’t miss any, here’s a look at when some key tax-related forms, payments and other actions are due. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
Topics: CPA
When an organization changes — whether it’s something as drastic as a merger or as seemingly innocuous as a new software system — employees may feel threatened. People tend to desire stability and order as opposed to disruption and uncertainty. This is equally as true in household employment as it is in a corporate setting. Think your nanny isn’t nervous about your move to a new home or addition of another child?
This is a community post provided by TechnologyAdvice
The world of accounting and finance is filled with nuanced regulations, many moving parts, and multiple chances for error. It is an industry where a variety of expertise is needed to keep the financial side of businesses up and running. Two of the most significant players in this process are CPA firms and the bookkeepers of small companies they may work with.
Topics: CPA
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and other financial records (or your computer desktop), you probably want to get rid of what you can. Follow these tax document management guidelines as you clean up and start organizing important documents.
Accurate job descriptions are the foundation of every organization’s staffing efforts. Without clear, focused documentation of what each position does, you may struggle to hire and retain good employees or even undermine productivity.
When employees are off the clock, how they choose to spend their time is up to them. However, that doesn’t mean an employer is immune to a staffer’s off-work behavior. Your organization (or personal reputation) can be severely harmed by an employee’s actions — even when he or she isn’t on the job.
If you have a new nanny or senior caregiver, it’s important that you have a reliable way to keep track of their hours worked. Accurate, contemporaneous time tracking will protect you as an employer from unpaid wage and overtime complaints and it will also ensure that the nanny or caregiver is paid for all their hours. Here are some free employee time clock apps that can help.
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax Cuts and Jobs Act (TCJA), signed into law this past December, significantly enhances it beginning in 2018.