Category Archives: employees

Tips on tip reporting

If you are like millions of taxpayers who work in the service industry, you may receive tips. The tax code is clear; if you receive tips you must report them as income. Some employers have systems to make this easy, … Continue reading

Posted in Business Owner, customer service, Employee Benefits, employees, Filing Taxes, Payroll, Penalty, tax advice, tax planning, taxes, Uncategorized | Tagged , , , , | Leave a comment

New job? Four choices for your existing 401(k)

Changing jobs and companies can be an exciting opportunity, but you have a choice to make. What will you do with the retirement savings you have accrued in your 401(k)? Consider these four choices: Withdraw the money and don’t reinvest … Continue reading

Posted in 401 k, Employee Benefits, employees, Estate, Filing Taxes, Financial Planning, invest, Investing, investment, IRA, IRS Articles, Tax, tax bill, tax planning, Tax Return, taxes, Uncategorized | Tagged , , , | Leave a comment

Hired Your First Employee? Your Tax Obligations

It’s a major milestone for you, but it comes with a lot of paperwork that must be done correctly. Bringing a new employee into your business is reason to celebrate. You’ve done well enough as a sole proprietor that you … Continue reading

Posted in 1099, Business, Business Owner, Employee Benefits, employees, Human Resources, Payroll, tax advice, Uncategorized | Tagged , , , , , | Leave a comment

Single people need financial planning too

Whether you are a lifelong single person or you found yourself single through divorce or the death of your spouse, you have your own financial considerations and complications. Unfortunately, many single people overlook financial planning. Don’t make this costly mistake. … Continue reading

Posted in Affordable Care Act, Business Owner, Children, Employee Benefits, employees, Estate, Financial Planning, Investing, investment, IRA, retirement, save on taxes, saving for retirement, stock, Tax, tax advice, Uncategorized | Tagged , , , | Leave a comment

Check your 2017 withholding

Withholding too much tax from your wages isn’t wise in the long run. Try to match withholding as closely as possible to your actual tax liability for the year. Invest the extra money in yourself, not the IRS.

Posted in employees, Filing Taxes, Tax, tax planning, Tax Return, Uncategorized | Tagged | Leave a comment