business

Stress Test Your Business

During the COVID-19 crisis, you can’t afford to lose sight of other ongoing risk factors, such as cyberthreats, fraud, emerging competition and natural disasters. A so-called “stress test” can help reveal blind spots that threaten to disrupt your business. A comprehensive stress test requires the following three steps. 1. Identify

2021-04-12T14:53:50-06:00September 8th, 2020|

Classifying Workers: Employee or Independent Contractor?

Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. However, the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations. Why

2021-04-12T14:55:12-06:00May 28th, 2019|

Tax-Free Fringe Benefits

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Tax-free fringe benefits are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with

2021-04-12T14:55:53-06:00November 13th, 2018|

Independent Contractor vs. Employee

Many employers mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as the contractors satisfy all of their tax obligations. This couldn’t be further from the truth. Improper classification of workers comes at a high cost, and both federal and state authorities have been

2021-04-12T14:55:54-06:00October 9th, 2018|

Cost Segregation Study – Accelerate Depreciation Deductions

Cost Segregation Study - Accelerate Depreciation Deductions Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. These studies combine accounting and engineering techniques to identify building costs that are properly allocable to tangible personal property rather

2021-04-12T14:55:54-06:00September 25th, 2018|
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