Skip to content
Trusted Answers From Licensed Business Professionals
TAX REPORTING

Is Your Business Classifying Employees Accurately?

By The BIDaWIZ Team on May 17th, 2013 at 8:16 pm

Many businesses issue 1099 forms to workers because it's easier to manage for reporting purposes. They should be mindful that the rules rather than convenience dictates tax reporting requirements. Businesses that do otherwise can find themselves in big trouble during a tax audit. Is your business following the rules? .
-or-
Share |
No Comments
TAX PLANNING

What Does The Bitcoin Craze Mean For Taxpayers?

By The BIDaWIZ Team on May 17th, 2013 at 7:52 pm

By now you’ve likely heard of the new digital currency that businesses are accepting as a form of payment for their products and services. In fact, there were over $500 million worth of transactions processed with bitcoins in April and that number is slated to increase to $750 million in May. As the market continues to grow, find out what should participants and businesses should know about the tax ramifications for such a currency. Read More.

Share |
No Comments
HIRING

Which Employees Should Your New Business Hire First?

By The BIDaWIZ Team on May 17th, 2013 at 6:59 pm

While the labor market isn’t nearly what it needs to be to support significant economic growth, some small companies are beginning to ratchet up their hiring (source: National Federation of Independent Businesses – April 2013 Survey). Typically, when the job market recovers, it’s small businesses that support the growth. Whether your company is in hiring mode or not, it’s important to have a strategy to help grow it quickly while mitigating the mistakes. Read More.

Share |
No Comments
MORTGAGES

What Should I Know When Negotiating a Mortgage?

By The BIDaWIZ Team on May 10th, 2013 at 5:57 pm

The housing market has heated up throughout the country and particularly in parts of Florida, Arizona, California and Las Vegas. In addition, it is still below historical levels in terms of the home affordability ratio. With that said, there are many homebuyers working through the details of their mortgage application. It’s important to know how to negotiate with your lender. Read More.

Share |
No Comments
INVESTING

Why You Need To Pay Attention To Investment Manager Fees

By The BIDaWIZ Team on May 10th, 2013 at 3:34 pm

Many taxpayers have their retirement portfolios held in a 401(k) or employer pension plan. They do so for the tax-deferred appreciation, the reduction to adjusted gross income and the matching program that’s likely offered with their employer. However, employees have become far too complacent when it comes to selecting a fund in their portfolio that charges low fees. Read More.

Share |
No Comments
MARKETING

How To Market Your Accounting Firm To Gain New Clients

By The BIDaWIZ Team on May 9th, 2013 at 9:46 am

Many accounting firms rely solely on word of mouth referrals and longevity to gain new clients. In today’s technological environment, there are other effective marketing techniques that an accounting firm can employ without breaking the bank. Read More.

Share |
No Comments
TAX PLANNING

When Will Capital Gains Taxes Rise?

By The BIDaWIZ Team on May 3rd, 2013 at 5:46 pm

Since the Bush-era tax cuts were extended in the first week of the year, the focus has now shifted back to reforming tax policy. Recent developments suggest that capital gains taxes will actually rise in the not so distant future. Read More.

Share |
No Comments
TAX PLANNING

Ways To Limit Exposure To The New Investment Income Surtax

By The BIDaWIZ Team on May 2nd, 2013 at 7:06 pm

By now, most middle to higher income individuals know about the 3.8% investment income surtax. This tax could be limited and in some cases avoided with careful tax planning in 2013. What are you doing to prepare for this tax? Read More.

Share |
No Comments
FINANCING

Should You Dip Into Your Retirement To Start A Business?

By The BIDaWIZ Team on April 24th, 2013 at 9:00 pm

Many newly formed businesses rely heavily on startup capital from friends, family and in some cases accredited investors. Founders typically put in some of their own money and may withdraw from their retirement to do so. Should you consider using your retirement to start a business? Read More.

Share |
No Comments