Did you know that state and local tax issues are a major aspect of a company’s tax liability? Similarly, so is economic nexus. Click here to read more about the top three tax-related issues that businesses should understand.State and local tax issues are a big part of a company’s tax liability. In fact, they are […]
How QCDs workHowever, IRA owners who are aged 70-1/2 and older can transfer up to $100,000 tax-free to one or more charities each year through QCDs. This provides a way for eligible older Americans to donate to charity before the end of the year and can be counted toward their RMD for the year if […]
So, what is the clean vehicle tax credit?For starters, the tax credit can reach upward of $7,500. The credit starts with a base value of $2,500 and increases by a total of $417 per kilowatt hour beyond five kilowatt hours, with up to $5,000 in addition to the base amount of $2,500. On average, the […]
Track and record everything that you spend or receive throughout the yearPay attention to your cash flow, expenses and charitable giving. Make sure you store the information in one place, but keep personal and business expenses separate. This task is easier than ever before, thanks to technology. For example, QuickBooks is a popular small-business accounting […]
Which companies are offering plans?Among Transamerica’s respondents surveyed in May, 58% of small businesses are making plans available, but that glass is only half full: 34% do not. Another survey, conducted by Capital Group, examines the smallest fry. In truly boutique operations, those with fewer than 10 employees, only 28% of those surveyed currently provide […]
What’s not included in your credit score?But what doesn’t impact your credit score? Quite a bit, including some financial factors that might surprise you.Your income doesn’t matter. Earning more money will not improve your credit score. Your credit score won’t budge depending on your employment status. Losing your job won’t ding your three-digit score.Your age […]
Supply chain breakdowns continue to stymie small businesses, causing them to lose sales and profits. Whether your business has been affected or not by supply chain delays and shortages, it’s a good idea to take steps to make your supply chain as resilient as possible. Your supply chain starts with the acquisition of materials that […]
We’re six days away from the first day of summer, and a few weeks away from the midpoint of the year. It’s the perfect time for taking a strategy check in your business to see how you’re doing for the first half of 2023 as well as to plan something fun and productive for summertime. […]
We’re six days away from the first day of summer, and a few weeks away from the midpoint of the year. It’s the perfect time for taking a strategy check in your business to see how you’re doing for the first half of 2023 as well as to plan something fun and productive for summertime. […]
The topic of artificial intelligence (AI) has been in the news quite a bit recently, and one of the reasons is the launch of an AI chatbot called ChatGPT. The GPT in ChatGPT stands for generative pre-trained transformer, which is a program that can realistically write like a human and interact in a conversational way. […]
