September 4, 2018 / by bmc_admin / Small Business, Tax
If you’ve done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of “HSA + HDHP.” Although perhaps initially confusing, this formula represents an increasingly popular model for health care benefits — that is, offering a Health Savings Account (HSA) coupled with, as […]
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Data Security – The Risk is Real
October 31, 2018 / by Brett Hess / Newsletter, Small Business
No company is too small for a hacker. In fact, when it comes to data breaches – hackers tend to gravitate towards smaller businesses. Nearly two thirds of all data breaches occur within small firms. Hackers focus their attention on these companies because they don’t have millions of dollars to protect themselves from cyber-attacks like larger companies […]
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Tax-free fringe benefits help small businesses and their employees
October 11, 2018 / by Brett Hess / Small Business, Tax
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with various types of insurance […]
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HSA + HDHP can be a winning health benefits formula
September 4, 2018 / by bmc_admin / Small Business, Tax
If you’ve done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of “HSA + HDHP.” Although perhaps initially confusing, this formula represents an increasingly popular model for health care benefits — that is, offering a Health Savings Account (HSA) coupled with, as […]
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Contemplating compensation increases and pay for performance
August 9, 2018 / by bmc_admin / Small Business
As a business grows, one of many challenges it faces is identifying a competitive yet manageable compensation structure. After all, offer too little and you likely won’t have much success in hiring. Offer too much and you may compromise cash flow and profitability. But the challenge doesn’t end there. Once you have a feasible compensation […]
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Is your inventory getting the better of you?
July 10, 2018 / by bmc_admin / Small Business
On one level, every company’s inventory is a carefully curated collection of inanimate objects ready for sale. But, on another, it can be a confounding, slippery and unpredictable creature that can shrink too small or grow too big — despite your best efforts to keep it contained. If your inventory has been getting the better […]
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Saving tax on restricted stock awards with the Sec. 83(b) election
June 14, 2018 / by bmc_admin / Small Business, Tax
Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes. But if you receive restricted stock awards, you might have a tax-saving opportunity in the form of the Section […]
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Could a long-term deal ease your succession planning woes?
June 7, 2018 / by bmc_admin / Small Business
Some business owners — particularly those who founded their companies — may find it hard to give up control to a successor. Maybe you just can’t identify the right person internally to fill your shoes. While retirement isn’t in your immediate future, you know you must eventually step down. One potential solution is to find […]
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The TCJA changes some rules for deducting pass-through business losses
May 24, 2018 / by bmc_admin / Small Business
It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can currently deduct […]
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2018 Q2 tax calendar: Key deadlines for businesses and other employers
April 3, 2018 / by Brett Hess / Small Business, Tax
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. April […]
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What do pottery and accounting have in common?
January 26, 2017 / by Brett Hess / Small Business
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