Computer Safety Tips During the Post-Holiday Season

By | January 14th, 2016|General, Uncategorized|

Unfortunately hackers take advantage of the multitude of bargain-seeking online shoppers to upload malware and viruses to unsuspecting shoppers. Here are a few tips to keep in mind to maximize your security while shopping online this holiday season. Avoid clicking emailed or pop-up advertisements, its safer to go straight to the company's website and browse [...]

Be Ready for IRS Collection Calls

By | January 13th, 2016|Blog, Tax Law, Uncategorized|

I used to tell to my friends and clients to hang up if they receive IRS collection calls.  Similarly, the IRS and law enforcement officials often issue warnings about phone scams involving tax collection, and each time they claim the same thing: "The IRS will never call you to demand payment. It sends letters by mail." [...]

2016 Standard Mileage Rates

By | January 12th, 2016|Tax Law, Uncategorized|

The IRS recently announced the new 2016 standard mileage rates to be used for travel. The standard business mileage rate is decreased by 3.5 cents while Medical and moving mileage rates are lowered by 4.0 cents. Charitable mileage rates are unchanged. 2016 Standard Mileage Rates Lower gas prices - good news; lower IRS standard mileage [...]

IRS Announced New Pension Plan Limitations for 2012

By | October 21st, 2011|Blog, Compensation, Uncategorized|

The IRS announced today the cost of living adjustments affecting the pension plan contribution limitations for tax year 2012.   Many of the pension plan limitations for 2012 will increase due to the cost-of-living index adjustment.  Some of the important changes are summarized below: The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most [...]

Effective Management Practices

By | July 5th, 2011|Blog, Uncategorized|

Have you ever wonder why some employers have a union-free environment, have very low employee turnover, and high employee satisfaction, while others, have a workplace that has voted to a union representation or are constantly targeted by the union representatives?  Often, the answer lies in the management style. 1.  Inadequate Communication Frequently, when a union [...]

Compensation and Medical Insurance Issues for S-Corporations

By | May 2nd, 2011|Blog, Business Structure, Uncategorized|

When computing compensation for employees and shareholders, S corporations may run into a variety of issues. The information below may help to clarify some of these concerns. Reasonable Compensation S corporations must pay reasonable compensation to a shareholder-employee in return for services that the employee provides to the corporation before any non-wage distributions may be [...]

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