News & Tips Archive

Jun 01, 2025

Hiring Rules for US Employers

Employers must verify the identity and employment authorization of individuals hired to work in the United States. Click through to understand the key requirements.

May 08, 2025

Strategic Business Plans: Learning From COVID-19

Business plans have to be flexible because they need to be adaptable to factors that could affect them in the future. That's why management always has to be on the lookout. Read through for some advice on creating strategic business plans in the post-COVID-19 world.

May 07, 2025

Rethinking Mandatory Retirement

While mandatory retirement policies have largely been abolished, some still affect certain professions and perpetuate age-related stereotypes. Advances in medical care and healthier lifestyles allow many workers to remain productive well beyond traditional retirement ages. Read through to explore the challenges and opportunities involved in replacing outdated policies with fairer, capability-based approaches.

May 06, 2025

The IRS Adjusts HSAs for 2026

Every year, the IRS adjusts the limits for Health Savings Accounts. Whether you're an individual or a company sponsoring one, these changes can make a difference in your 2026 financial planning. Read through for the specific changes—which this year are relatively minor.

May 05, 2025

Is This Your Situation: Employees Keep Asking for Cash Advances

Employees keep knocking on your door, needing a cash advance. You want to help them but it’s a huge headache. Read through to learn about a payroll add-on to help you and your employees.

Apr 10, 2025

Protecting Your Business From an IT Outage

In 2024, a major IT outage affected 8.5 million computers and effectively shut down some businesses for days. Read here to learn how to protect your company should something like this happen again.

Apr 09, 2025

Employee Health Insurance: What's New?

Employer-sponsored health insurance is expected to remain a dominant part of benefits packages for working families, though affordability and access to care seem to prevail. Click through to learn about the future of employee health insurance.

Apr 08, 2025

Staff Versus Freelance: Nontax Issues

Deciding whether to hire a staff person or a freelancer should be influenced not just by IRS regulations, but by the kind of work to be done and how you want the worker to fit into your company. Click through to read more about the considerations.

Apr 07, 2025

BOI Reporting Obligations Reinstated--And Then Removed Again

Because of various court rulings, the beneficial ownership information reporting requirement for small businesses has been bouncing back and forth. Click through for the latest on Corporate Transparency Act requirements.

Mar 14, 2025

Employer-Sponsored Educational Assistance

By offering educational assistance programs, companies can support employees' undergraduate or graduate education, help them pay off student loans, or assist them with the cost of books and supplies. Read through to learn more about the IRS's qualified educational assistance program.

Mar 13, 2025

Better the Devil You Know: Long-Term Employees

Employees who may have worked for the same employer for 5-10 years or longer are sometimes facetiously labeled "lifers," while others are "job hoppers." But are those labels useful anymore? Read through for some insights into employee tenure.

Mar 12, 2025

Is This Your Situation: You're Confused About Overtime

Not everyone in your office will qualify for overtime pay, but how do you determine employee classification? Read through to learn more about overtime and who qualifies.

Mar 11, 2025

Is This Your Situation: Considering Pay-As-You-Go Workers' Comp Insurance

Workers' comp insurance is essential for most businesses, but as an employer, you may have more options than you realize. Read through for an introduction to the pay-as-you-go model and the advantages of outsourcing it.

Mar 10, 2025

State and Local Tax Considerations for Remote Employees

Until the pandemic, no one could have envisioned how profoundly remote employment would affect the workplace. The rise of the hybrid office has led to some thorny tax questions. Read through for some thoughts on how tax rules apply in a remote or hybrid environment.

Feb 14, 2025

Payroll Myths Exploded

As a small-business owner, it's highly likely that you've caught wind of payroll myths, and if you believe them without realizing they are mythical, then these nonfactual ideas might influence your approach to payroll. Read through to realize that it's possible to evade payroll myths instead of falling victim to these lies.

Feb 13, 2025

Know Your Business Deductions

Many business owners don’t take full advantage of the tax deductions available to them, even though the deductions can help lower how much tax the business owes each year. Read through for insight into business deductions and learn about the important role they play in reducing your taxes.

Feb 12, 2025

Is This Your Situation: Deciding Whether Someone Is an Employee or a Contractor

What is in a name? The IRS knows the answer, even though the reasoning can be subtle. Read through to learn the differences between an employee and an independent contractor before you make an expensive error.

Feb 11, 2025

IRS Warnings Regarding Health and Wellness Deductions

The IRS is reminding taxpayers that personal expenses pertaining to health and wellness cannot be deducted or reimbursed. Read through to understand why they are not considered expenses for medical care under the Internal Revenue Code.

Feb 10, 2025

Retaining Payroll Records

Federal and state laws and regulations require you to keep payroll documentation for several years. But which documents should be saved and for how long? Read through to learn the details so that you will be ready should you ever be audited.

Dec 30, 2024

UPDATED--Season's Greetings: BOI Rules Reversed Again

All over the business world, accountants, lawyers, financial executives and journalists have been scrambling to keep up with the latest soap opera in the financial community: what's happening with the Corporate Transparency Act and its ownership reporting rules.