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Tax Advice

7 Ideas to Boost Your Benefits Package

By Business Advice, Tax Advice

Employees want to be paid a fair wage, and this something that every company should make a priority. But one of the most impactful ways that a company can set itself apart and let employees know they are valued is by investing time and resources into a robust benefits package.  According to a survey released by the Society of Human Resource Management (SHRM), 92% of employees state that benefits are tied to overall job satisfaction. More importantly, nearly a third of employees…

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Leaving a Legacy and Gifting your Heirs Today

By Tax Advice

When it comes to gifting, it may make more sense to do it now than wait until later. Gifting an heir now, rather than at the time of your death, can benefit you when it comes to tax time. Enjoy the lifetime exemption for an estate tax exemption when you give a gift. Giving away monetary gifts now reduces what you can transfer tax free when you die. Planning to give someone a gift? Here’s what you should know: There…

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The Importance of Meeting Tax Deadlines for Your Small Business

The Importance of Meeting Tax Deadlines for Your Small Business

By Business Advice, Tax Advice

If you own or manage a small business, it’s important to meet your tax deadlines to avoid costly fees and penalties. Which taxes you are required to pay depends on your business structure and other factors. Here are five types of business taxes to be aware of: 1. Income Tax If your business is not a partnership, income taxes (federal and state) need to be filed by April 15. In a partnership, profits and losses are passed through to the partners who…

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