Privacy issues concern your employees, your customers, and your company information. While the pandemic is waning, many of the business practices adopted in the past year will continue to be used. These include remote work arrangements, teleconferencing, and, by for companies, new research and development. These practices present privacy issues that should be addressed. Read More

Long before climate change entered the vernacular, environmentalism was alive and well. Earth Day started more than 50 years ago to raise awareness of environmental dangers; the annual celebration continues today. Read More

You gotta eat, right? But when it comes to meals, what’s business and what’s personal? If it’s personal, nothing is deductible, but if it’s a business meal, how much is deductible? The federal income tax rules are very confusing and were made more so by a temporary change under the American Rescue Plan Act. Here are 10 things to help you navigate the complexity of tax rules. Read More

With employees getting back to the office and other locations, company policies regarding business driving as well as employee commuting deserves another look. This is especially true in light of new technologies and other changes in employee behaviors.  Read More

said Charles Dickens.

It’s the start of Spring and a time that’s ideal for cleaning things in your business. ...You may think that this activity is just another tedious chore. But if you keep in mind the benefits to be derived, you’ll be highly motivated to proceed. Read More

As part of the CARES Act last year, Congress created a new tax credit to incentivize employers to keep workers on the payroll during the pandemic. The employee retention credit is an offset to certain payroll taxes; it is not an income tax credit (although there is a similar income tax credit explained later). ...Because of modifications by the different laws, the rules are very confusing. Here’s what you need to know about the employee retention credit. Read More

The first installment of estimated taxes for 2021 was due April 15, 2021. This deadline applies even though the due date for filing 2020 individual income tax returns has been extended. A previous blog addressed some aspects of estimated taxes—when to pay them and what they need to cover. The following are some special issues to consider for estimated taxes in 2021.

Are taxes a joke? Certainly not when you have to complete a tax return and pay the taxes. But over the years, there have been many humorous quotations regarding taxes. On April 15, typically “Tax Day” (although the due date for filing individual income tax returns for 2020 has been postponed to May 17, 2021), here are 25 quotations, in no particular order, to amuse you. Read More