Archive for October 2019
Cybersecurity for Taxpayers and Tax Professionals
Cybersecurity is now a universal concern in every walk of life. What are the risks to tax professionals and their clients, and how can both parties mitigate them? Data security is a major consideration for any industry and, unfortunately, tax preparation is no exception. Tax professionals need to ensure that appropriate safeguards are in place…
Read MoreStrategies for Entrepreneurs and Contractors Paying Taxes in 2020
As an entrepreneur, what strategies can you put in place to help you prepare for the next tax season? As an entrepreneur, you’re tasked with running a complete business, including hiring and firing, scheduling, cash flow analysis, vendor payments, and much more. On top of it all, paying taxes can be a huge burden—both financially…
Read MoreFocusing on Employee Health Could Net Organizations Tax Benefits
Employers who provide paid family and medical leave to employees may qualify for a business tax credit through 2019 As the U.S. unemployment rate has seen record lows this year (3.7 percent in August), companies are scrambling to update their recruitment processes and benefits packages to stay competitive in the battle for talent acquisition. As…
Read MoreThe Tax Benefits of Investing in Opportunity Zones
Learn why opportunity zones continue may be an attractive option to some investors thanks to government tax incentives The Tax Cuts and Jobs Act of 2017 (TCJA) brought many changes to the tax law, including changes to the standard deduction and tax brackets. Another big change was the creation of tax incentives for investments in…
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