MBA News

Saving for retirement can be tough if you’re putting most of your money and time into operating a small business. However, many retirement plans aren’t difficult to set up and it’s important to start saving so you can enjoy a comfortable future. So if you haven’t already set up a... Continue Reading

Thanks to recent legislation, the due dates have been changed for some information returns and related statements and for some business tax returns. Here’s what you need to know. Earlier Due Dates for Forms 1099-MISC & W-2 When a business pays non-employee compensation... Continue Reading

It’s not too late to take steps to significantly reduce your 2016 business income tax bill and lay the groundwork for tax savings in future years. Here’s a summary of some of the most effective year-end tax-saving moves for small businesses under the existing Internal... Continue Reading

The rush is already on to line up seasonal help. Seasonal job postings on one recruiting website started to hit peak demand levels from prior years in early October, about a month earlier than usual. The projected total number of seasonal jobs this holiday season — between... Continue Reading

Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 65 million Americans will increase just 0.3% in 2017, the federal government announced. The 0.3% cost-of-living adjustment (COLA) will begin with benefits that more than 60 million Social... Continue Reading

There are plenty of things employees may be doing off-duty that you might not approve of, whether it’s unhealthy or anti-social behavior, or even some unlawful activities, such as smoking marijuana (depending on the laws in your area). Yet even with an “at will”... Continue Reading

What do pumpkin patches, ski resorts, ice cream shops and accounting firms have in common? They’re all seasonal businesses that experience a surge in revenues during their busy seasons that tapers off in the slow season. Seasonal peaks and troughs present challenges that... Continue Reading

The average organization loses 5% of its annual revenues to fraud, according to the 2016 Report to the Nations on Occupational Fraud and Abuse published by the Association of Certified Fraud Examiners (ACFE). Bear in mind, that’s the top line of your income statement, not... Continue Reading

Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and the personal exemption phaseout. Income thresholds If your adjusted gross income (AGI) exceeds the applicable threshold, most of your itemized... Continue Reading