For many years, owners of small and midsize businesses looked at outsourcing much like some homeowners viewed hiring a cleaning person. That is, they saw it as a luxury. But no more — in today’s increasingly specialized economy, outsourcing has become a common way to cut costs and obtain expert assistance. It also allows your company to focus on its … Read More
The TCJA Temporarily Expands Bonus Depreciation
There have been several stories in the media of late regarding the new tax law passed by Congress at the end of 2017. Here are some provisions worth talking about for businesses. The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. … Read More
Could an FSA offer the benefits flexibility you need?
Business owners have to make tough choices when it comes to providing benefits to their employees. Many companies, especially newer or smaller ones, may understandably prioritize flexibility and lower costs. Health insurance plans have seen significant cost increases in recent years. All that said, no one wants to get locked into a benefits offering that’s cumbersome to administer and expensive … Read More
Save More for College Through the Tax Advantages of a 529 Savings Plan
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until they’ll be starting their higher education, is a Section 529 plan. The younger your child the more tax deferred growth they will realize in their … Read More
