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marketing
Taking it to the streets: 7 marketing strategies to consider
4/18/2018
With such intense focus on digital marketing these days, business owners can overlook the fact that there are actual, physical places to interact with the buying public. Now that spring is here and summer is on the way, it’s a good time to...
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deadline
Individual tax calendar: Important deadlines for the remainder of 2018
4/18/2018
While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need to be aware of. To help you make sure you don’t miss any important 2018...
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tax day
Haven’t filed your 2017 income tax return yet? Beware of these pitfalls
4/12/2018
The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s now nearly upon us. So, if you haven’t filed your individual return yet, you may be thinking about an extension. Or you may...
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Image representing Blockchain may soon drive business worldwide
Blockchain may soon drive business worldwide
4/12/2018
“Blockchain” may sound like something that goes on a vehicle’s tires in icy weather or that perhaps is part of that vehicle’s engine. Indeed it is a type of technology that may help drive business worldwide at some point soon...
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nanny
Handle with Care: The Nanny Tax Rules
4/10/2018
When you hire a nanny, housekeeper or other domestic worker, pay close attention to the tax rules. You must generally pay Social Security, Medicare and federal unemployment taxes on wages paid to domestic workers who are considered "employees"...
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boardroom
Best Choice: A Board of Directors or an Advisory Board?
4/10/2018
To survive and thrive in a competitive marketplace, companies need to secure help and guidance from a wide range of sources.  To do so, many companies create advisory boards, or more formally, a board of directors to help guide them...
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EEOC
Help Avoid Costly Age Discrimination Claims
4/10/2018
The Equal Employment Opportunity Commission (EEOC) reports the number of age discrimination claims remains high. The EEOC logged 18,3767 such cases during its 2017 fiscal year. Steps to Take What can you do to protect your...
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hard hat
Last Chance to Claim the Domestic Production Activities Deduction
4/10/2018
The U.S. corporate tax rate has historically been among the highest in the world. Years ago, Congress created the domestic production activities deduction (DPAD) primarily to help level the playing field between American manufacturers and...
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Image representing 3 ways to supercharge your supervisors
3 ways to supercharge your supervisors
4/5/2018
The attitudes and behaviors of your people managers play a critical role in your company’s success. When your managers are putting forth their best effort, the more likely it is that you’ll, in turn, get the best performances out of the...
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IRA
You still have time to make 2017 IRA contributions
4/3/2018
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but...
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calendar
2018 Q2 tax calendar: Key deadlines for businesses and other employers
3/29/2018
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...
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loan
Could your next business loan get “ratio’d”?
3/29/2018
We live and work in an era of big data. Banks are active participants, keeping a keen eye on metrics that help them accurately estimate risk of default. As you look for a loan, try to find out how each bank will evaluate your default probability....
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strategy
Use Eight Strategies to Improve Self-Pay Patient Collections
3/28/2018
With the increase in health plans requiring members to pay all or part of their office visits, practices are faced with the challenge of asking patients for full payment. This can be upsetting for the patients and uncomfortable for the staff...
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loan
Increase the Odds of Getting a Loan
3/28/2018
There are a couple of old sayings that relate to getting a loan. The first one is that bankers only want to lend money when you don't need it. As frustrating as that is, it's understandable, since bankers naturally want to minimize their...
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meal
Tax Law Changes Meal and Entertainment Deductions
3/28/2018
Once upon a time, taxpayers could generally deduct 50% of business-related meal and entertainment expenses. However, several exceptions allowed larger deductions in certain circumstances. Then came the Tax Cuts and Jobs Act (TCJA), which...
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Image representing Got Bitcoin? Virtual Currency Complicates Tax Reporting
Got Bitcoin? Virtual Currency Complicates Tax Reporting
3/28/2018
Bitcoin has been around for nearly a decade. But the tax rules related to "virtual currency" are still evolving. In fact, some Bitcoin investors may be in for a surprise when they file their 2017 returns. Tax matters will become even more...
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hardship
Congress Raises 401(k) Hardship Withdrawal Limits
3/28/2018
Most 401(k) plans permit hardship withdrawals, though plan sponsors aren't required to allow them. As it stands today, employees seeking to take money out of their 401(k) accounts are limited to the funds they contributed to the accounts...
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Image representing Home-related tax breaks are valuable on 2017 returns, will be less so for 2018
Home-related tax breaks are valuable on 2017 returns, will be less so for 2018
3/21/2018
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a home, you may be eligible for several valuable breaks when you file your 2017 return. But under...
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pipeline
Building a sales prospect pipeline for your business
3/15/2018
An old business adage says, “Sales is a numbers game.” In other words, the more potential buyers you face, the better your chances of making sales. This isn’t completely true, of course; success also depends on...
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Casualty losses
Casualty losses can provide a 2017 deduction, but rules tighten for 2018
3/13/2018
If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2017 federal income tax return. For 2018 through 2025, however, the Tax Cuts and Jobs Act suspends this...
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EEOC
Workplace Retaliation: Reduce the Chances of a Claim
3/8/2018
Retaliation is the most frequently alleged basis of discrimination in the federal sector and the most common discrimination finding in federal sector cases, according to the U.S. Equal Employment Opportunity Commission (EEOC). The laws...
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Alimony
Tax Law Ends Alimony Deductions after 2018
3/8/2018
In divorce situations, an ex-spouse may be legally obligated to make payments to the other party. Since payments are often substantial, locking in tax deductions for the payer has often been important and involved a substantial amount of...
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Dependent
Good News! More Families May Be Eligible for the Child Credit in 2018
3/8/2018
The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017, made significant changes to the child credit. This credit is generally available to taxpayers with children under the age of 17, but the new law adds a new (smaller)...
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For Sale
7 ways to prepare your business for sale
3/8/2018
For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company. Others simply sell the business and move on. There are many variations in between, of course,...
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Charity
Size of charitable deductions depends on many factors
3/6/2018
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of...
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Image representing It’s time to get more creative with retirement benefits communications
It’s time to get more creative with retirement benefits communications
3/1/2018
Employees tend not to fully appreciate or use their retirement benefits unless their employer communicates with them about the plan clearly and regularly. But workers may miss or ignore your messaging if it all looks and “sounds” the...
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deduction
Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future
3/21/2018
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax...
Includes insights from Brian E. Raber
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contract
A Dozen Provisions to Include in Physician Employment Contracts
2/22/2018
When it's time to negotiate or renegotiate a physician's employment contract, there are critical issues that must be understood and settled. The fulfillment and career potential of the phsician and the success of the practice depend on it. A...
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loan
Business Borrowers: Here's What to Include in Your Loan Application
2/22/2018
Whether in expansion mode or facing a short-term cash crunch, small businesses often find themselves in need of capital. But applying for a loan is a time-consuming process that can easily become overwhelming. And there's always  the...
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retirement
Protect Your Company Retirement Plan from an IRS Attack
2/22/2018
When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore the rules and your firm could face costly penalties from federal regulators — and plan...
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house
Close-Up on Mortgage Interest Deduction Rules
2/22/2018
The Tax Cuts and Jobs Act (TCJA) imposes new limits on home mortgage interest deductions. Here's how the changes could affect your tax situation. What Is Home Acquisition Indebtedness? Under the tax law, home acquisition debt is a...
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Image representing How the New Limit on SALT Deductions Affects Homeowners
How the New Limit on SALT Deductions Affects Homeowners
2/22/2018
The ability to deduct state and local taxes (SALT) has historically been a valuable tax break for taxpayers who itemize deductions on their federal income tax returns. Unfortunately, the Tax Cuts and Jobs Act (TCJA) limits SALT deductions for...
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social media
5 questions to ask yourself about social media
2/22/2018
Social media can be an inexpensive, but effective, way to market a company’s products or services. Like most businesses today, you’ve probably at least dipped your toe into its waters. Or perhaps you have a full-blown, ongoing social...
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moving boxes
Tax deduction for moving costs: 2017 vs. 2018
2/21/2018
If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if you don’t itemize deductions. (Or, if your employer reimbursed you for moving expenses, that reimbursement might...
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Fish
Use benchmarking to swim with the big fish
2/15/2018
You may keep a wary eye on your competitors, but sometimes it helps to look just a little bit deeper. Even if you’re a big fish in your pond, someone a little bigger may be swimming up just beneath you. Being successful means not just being...
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College students
Families with college students may save tax on their 2017 returns with one of these breaks
2/28/2018
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, was just extended under the...
Includes insights from Carol J. Polatas
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QuickBooks Enterprise 2018
QuickBooks Enterprise: Product Update
2/14/2018
  You can Boost profits by Retaining Customers.  You want to make your customers feel good, do small things for them, fix their problems, create a positive environment and Be Real. Read more in this QuickBooks Resource Center...
Includes insights from Barbara D. Hupp
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Cartoon employees with light bulb ideas
Turning employee ideas into profitable results
2/9/2018
Many businesses train employees how to do their jobs and only their jobs. But amazing things can happen when you also teach staff members to actively involve themselves in a profitability process — that is, an ongoing, idea-generating system...
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money
Keep Your Gear in Top-Notch Condition and Save Money
2/9/2018
If your company has contracts for maintaining and servicing your equipment and vehicles, chances are, you're spending more than you need to. Steps to Help Cut Repair Costs 1. Dump service contracts on such low-cost equipment...
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box
Hey, That's A Brilliant Idea!
2/9/2018
It is called the Japanese miracle — the kaizen teian — and the concept successfully provides a way for employees to propose more efficient ways to work. The History of Suggestion Boxes 1894: NCR Corp....
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AMT
AMT Calculations: It's Showtime
2/9/2018
The alternative minimum tax (AMT) was enacted back in 1969 to ensure that high-income individuals don't take advantage of multiple tax breaks and avoid paying federal tax. However, in recent years, the AMT has been imposed on many...
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couple
New Law Eases the Individual Alternative Minimum Tax
2/9/2018
Unfortunately, the Tax Cuts and Jobs Act (TCJA) retains the individual Alternative Minimum Tax (AMT). But there's a silver lining: The AMT rules now reduce the odds that you'll owe the AMT for 2018 through 2025. Plus, even if you're still in...
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Health Insurance Cartoon
TCJA temporarily lowers medical expense deduction threshold
2/7/2018
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs...
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Man sitting in pool of water working
Business interruption insurance can help some companies
2/1/2018
Natural disasters and other calamities can affect any company at any time. Depending on the type of business and its financial stability, a few weeks or months of lost income can leave it struggling to turn a profit indefinitely — or force...
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Characters with benefit signs
2 tax credits just for small businesses may reduce your 2017 and 2018 tax bills
1/30/2018
Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act...
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hospital
Nine Key Factors Driving Hospital Valuations
1/26/2018
There are nuances in providing valuations for virtually every type of business entity ranging from retail outlets to a manufacturing operation to a personal services firms. But valuations for hospitals and other organizations in the health care...
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Cash flow
Is Your Company Facing a Cash Flow Crunch?
1/26/2018
Cash flow is always an important element in the smooth and successful operation of your business and is particularly key in meeting opportunities and demands. Generating sales and managing operations are, of course, also important, but ensuring...
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Kid tax
New Law Revamps the Kiddie Tax
1/26/2018
Congress enacted the so-called "kiddie tax" rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. Congress recently revamped this tax under the Tax...
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Light house
Light a beacon to your business with a mission statement
1/24/2018
Every company, big or small, should have a mission statement. Why? When carefully conceived and well written, a mission statement can serve as a beacon to the world — letting everyone know what the business stands for and where it’s...
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Modern Home Office Set Up
Can you deduct home office expenses?
1/23/2018
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a home office deduction. Changes under...
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