“Urgent: Protect Yourselffrom Costly Payroll Fraud” To get my complete articlewith all the details… Imagine discovering that your trusted CPA embezzled payroll taxes—funds you are ultimately responsible for paying the IRS. This isn’t just a hypothetical scenario; it’s a reality that business owner Rodney Taylor faced after his CPA stole between $1 million and $2 … [Read more...]
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Tax Rules for Providing Free Meals and/or Lodging to Employees
"Tax Rules for ProvidingFree Meals and/or Lodging to Employees” To get my complete articlewith all the details… Sorry to be the bearer of bad tidings but here’s a fact you should know. The tax rules on free meals for employees have changed to create more revenue for the government and fewer fringe benefits for employees. The bad … [Read more...]
Create an employee-spouse “105-HRA”
Create an employee-spouse“105-HRA” To get my complete articlewith all the details… It’s a fact... The Affordable Care Act doesn’t apply to a business that has only one employee. That’s good news is your spouse is that employee. Your spouse (and you) can benefit from what I call a “105-HRA” (Health Reimbursement Arrangement). When you design it for your … [Read more...]
Create a tax-free deduction for your smart phone
"Create a tax-freededuction for your smart phone" To get my complete articlewith all the details… Here’s good news (for a change!) from the IRS... If you and/or your employees use smart phones, youcan create some nice no-hassle, tax-free fringe benefits. Want to find out how you can take advantage of Uncle Sam’s largesse? Then put down your iPhone or … [Read more...]
Self-employed? Amend Tax Returns for up to $32,220 in Tax Credits
“Self-employed? Amend Tax Returnsfor up to $32,220 in Tax Credits” To get my complete, FREE articlewith all the details… Are you self-employed? If you are, here’s an important question for you? Have you claimed all the COVID-19 family andsick-leave tax credits you’re entitled to? If you haven’t, it can cost you big time! There’s a LOT at stake! If you … [Read more...]