US Supreme Court’s Mount Lemmon Fire District case impact on small business employee benefits

Posted Leave a commentPosted in Employee Benefits, Small Business

The US Supreme Court decision issued last week in the case of  Mount Lemmon Fire District v. Guido et at. appears to have employee benefit implication to some small business. In general, federal employment laws and specifically employee benefit laws, include applicability provisions that often exempt small business employers or modify the compliance requirements. This case […]

A simple view of the 20% pass through deduction

Posted Leave a commentPosted in IRS, Small Business, Taxes

A business friend asked a simple question online: “What doe the pass-through deduction mean to me?” The collective response was so vague and convoluted that I felt sorry for her for asking. After thinking about it, there are two things that are uncertain and one that is certain about the pass-through deduction that directly address […]

Online support groups; the concept revisited

Posted Leave a commentPosted in Marketing, Off-Topic, Small Business, technoogy

My business was boosted incredibly by online support groups for decades. In fact, I can easily say that my past businesses like Medsave (sold in 2008) and OnlineAdviser / OnlineNavigator (no longer active), would not have been successful on building to tens of thousands of users in the 1990s and early 2000s without this online peer […]

Reasons for an employer to improve employee benefits

Posted Leave a commentPosted in Employee Benefits, Small Business

Most of my employee benefit comments focus on effects to the employee. This post briefly lists some of the advantages to the employer. Shows that the employer is ‘in tune’ with employees’ lives. Helps to attract and retain good employees. Employees making decisions on employment offers often overweight the importance of employee benefit issues vs. […]

Responding to false tax and accounting advice

Posted Leave a commentPosted in Accounting, Small Business, Taxes

I ran across a social media post tonight that was blatantly false. What’s the big deal? We see that every day, right? This specific post on LinkedIn bothered me because the topic was IRS taxes. The post provides entirely incorrect information that a non-professional reader would not likely recognize as false. The author lists advanced […]

20 Easy Benefit Plan Boosts

Posted Leave a commentPosted in Employee Benefits, Financial Planning, Small Business

20 Simple and Inexpensive Things You Can Do to Improve Your Firm’s Employee Benefit Plan   There are likely plenty of easy ways to make your employee benefit plan dollars go further: Host an occasional, informal and voluntary on-site meeting where employees can ask an independent adviser questions about their benefits. Host occasional, informal and […]

The most important tax tip of the year

Posted Leave a commentPosted in Accounting, self-employed, Small Business, Tax Planning, Taxes

Take advantage of the most generous part of the Tax Cuts and Jobs Act, known as Section 199A by; 1) Exploring whether your business CAN benefit, and 2) Settling protocol to make sure that your business DOES qualify based on the 184 pages of proposed regulations just released this month. The important thing is to […]

The Tax Savings Blog is moving toward podcast format

Posted Leave a commentPosted in self-employed, Small Business, Social Media, Tax Planning, technoogy

I’ve toyed with “multi-media” formats for several years, not really knowing what this term means, what my goals are, and how to make a plan to get there. The NJCPA offered their studio and produced a few segments and I’ve tried Facebook Live, YouTube and Vimeo. This week I’m moving forward with podcasting with more […]

Three QuickBooks insights

Posted Leave a commentPosted in Accounting, Small Business

Intuit is the world’s leading publisher of tax and accounting software. The company offers both self-serve and professionally assisted platforms. These published insights are useful: 1. QuickBooks dominates QuickBooks is used by 82% of small businesses that use accounting software. The market dominance speaks for itself, 2. Small business prefer getting help Nine out of […]