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Trusted Answers From Licensed Business Professionals

Do Beneficiaries Have To Take RMDs?

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Those fortunate enough to be named a beneficiary of a retirement account will want to know the nuances for reporting income on their tax return. This is specifically important when the account holder passes away before or after the time they are supposed to take required minimum distributions (RMDs). Read More.

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The Best Travel Apps For Business Travelers

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Business travel in the U.S. is expected to grow again in 2014 or up 6.6% to $289.9 billion globally as it did in 2013. This projection provided by the Global Business Travel Association (GBTA) should gain the attention of frequent business travelers as their employers may be sending them on more trips throughout the rest of 2014 and into 2015. Whether you love it or hate it, you should be should be using these great apps to help you manage your trip. Read More.

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Is Your Business Subject To Sales Tax In Other States?

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States auditors continue to crackdown on “out-of-state” businesses that are not compliant with their local state sales tax laws. The motive is quite clear as it is estimated that over $23 billion of sales taxes remains uncollected each year. Given that backdrop, it would be prudent to ensure that your business is following all state and local sales tax laws. This is especially important for businesses that have independent sales representatives located in different states throughout the country as this is an area that is often misunderstood. Read More.

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Should You Elect To Make Roth 401(K) Contributions?

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Most employees are familiar with the concept of socking away a portion of their paychecks toward their 401(K). However, few realize that they also have the option to contribute to a Roth 401(K) plan. In fact, since this new plan became available in the market in 2006, only 11% of eligible employees elected this option. Are you also missing out on a great retirement planning opportunity? Read More.

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The Best Sales Tax Software Solutions Webinar

We recently had the pleasure of hosting a webinar on selecting the best sales tax compliance solutions for your business. Read More.

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Do You Have To Pay An Employee On Leave?

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You may have employees that take a leave of absence for a variety of reasons. It may be due to birth, adoption, illness or if a family member has a serious health condition. In all cases, it’s morally up to the employer to show compassion and understanding to their employees during this time. Having said that, what is the actual law for how employees on leave should be treated during this period? Read More.

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All businesses go through employee turnover at one point or another. Employees either voluntarily quit, are laid off or fired, or tragically pass away. In all instances, the business is ultimately responsible for when and how each employee is paid for their time at the firm. Read More.

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Benefit From The 2014 Sales Tax Holiday Season

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The back-to-school sales tax holiday season is upon us. As is customary, we’ve compiled a list of states offering sales tax holidays for paper, pencils, backpacks, clothing and other school supplies. Find out if your state is participating and/or has already released details. Read More.

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Why You Need A Succession Plan For Your Business

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The fate of many small businesses often lies in the hands of only a small number of individuals. Despite this fact, many owners do not have a succession plan. This is also troubling given that recent census bureau data suggests that a third of small business owners are 55 or older and about a quarter are family-owned. How should you be thinking about succession planning for your business before it is too late? Read More.

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Is Your Business Setting Prices Too Low?

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Companies that are not actively exploring, testing and implementing new prices for their products or services may have difficulty sustaining their business over the long-term. Specifically, businesses that price their products or services too low will have difficulty reaching profitability. Those that raise prices too high will struggle to achieve their customer growth goals set forth in their business model. Finding the right price requires constant evaluation. Read More.

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