Whether you run an innovative business with a progressive culture or operate within a more traditional industry, there are ways you can integrate millennial values into your office to create efficiencies and encourage innovation.
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Our time and resources are more often consumed with planning and strategizing our day-to-day lives to stay ahead in the ever-changing U.S. economy, but many fail to ask one vital tax planning question: what can I do today to ensure strategic care for my estate after I die?
Most families understand the necessity of saving funds for higher education. A number of federal and state tax benefits are available to help achieve this goal.
Although most taxpayers would never consider relinquishing their U.S. citizenship or surrendering their status as U.S. permanent residents, a certain minority of taxpayers in fact do so. As reported by Bloomberg, expatriation from the U.S. has been on the upswing since 2010 and a record 2,367 people relinquished their U.S. citizenship in the fourth quarter of 2016.
Perhaps more often than ever, we’re seeing many people walking away from the once-coveted 9 to 5 job and instead moving into the self-employment arena. As is to be expected with any life-changing decision, making the shift to self-employment comes with an array of tax benefits and pitfalls to consider.
The PrompTax program is an electronic filing and payment program used for remitting payroll tax withholding (including metropolitan commuter transportation mobility tax) as well as sales, motor fuel and petroleum business taxes. NYS is requiring mandatory participation in this program for businesses who meet the enrollment criteria.
Business mergers and acquisitions can be complex when it comes to taxation issues. When purchasing a corporation, both the buyer and seller need to first determine whether the deal will be structured as an asset or stock deal.
Businesses with fewer than 100 employees accounted for the highest percentage of fraud instances and higher median loss than their larger counterparts, as reported by the Association of Certified Fraud Examiners (ACFE). Fortunately, there are steps your company can take to help prevent and detect fraud. The most important step for any small business owners is to implement properly designed internal controls.