Did you know that if your earnings for the year are below the tax threshold you can pass 10% (currently £1,190) of your tax free allowance to your partner if they pay tax at the basic rate of 20%? Known as the Marriage Allowance this has been available for married couples since 5 April 2015. […]
How to Manage Payroll for Your Independent Contractors in 3 Steps
According to a LinkedIn survey, 70% of SMBs have hired freelancers in the past, and 81% plan to do so again in the future. These numbers should not be surprising considering the many benefits of bringing on independent contractors rather than full-time employees. Hiring freelancers can be a great way to access talent from a […]
The Retiree’s Cost of Care Barometer
The Retiree’s Cost of Care Barometer (version 3.0) is a comprehensive planning tool designed to help you measure retiree health care costs and help deliver funding solutions and planning advice tailored to your clients’ unique needs. Designed by James A. Shambo, CPA (Retired), this software will help you unveil the mystery of health care costs. Key features of […]
Should you de-register for VAT?
One of our clients asked me today if they still needed to be VAT registered. Their business has changed now they no longer have an employee to help them. So I took some time this morning to calculate whether they would be better off de-registering for VAT. There are a number of factors to take […]
Is your customer invoicing accurate?
The majority of businesses will need to provide their customers with an invoice for the goods they have bought or the services they have received. The only exception is likely to be retail businesses such as those selling online or on the High Street as their customers pay before they receive the goods. Many businesses […]
Podcast: When does real estate qualify for the 199A deduction
On January 18, 2019. the IRS released the highly anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares details on the provisions, specifically Notice 2019-07 and answers: Access the related resources from this podcast: Impact of Tax Reform on Planning Toolkit AICPA […]
5 Biggest Financial Warning Signs Your Small Business Should Be Aware Of
According to the Small Business Administration, only about 50 percent of small businesses survive for a five year period. And, just one third are able to make it to the 10-year mark. While these statistics may not seem particularly encouraging, by identifying some of the common root causes of financial distress, you can take steps […]
Team Time Out
Last week we finally had our Christmas get together. With December being short on working days and a hectic schedule for everyone both at work and at home during December we decided to do something in January instead. It was much more enjoyable to have something to look forward to in January rather than trying […]
Webcast: Navigate Education Planning under Tax Reform
2 years ago · 1 hour 9 min watch SECTION EXCLUSIVE As students and families await college admissions decisions and financial aid award letters, CPAs are in a position to help their clients navigate the financial complexities associated with the college and financial aid planning process. In this webcast, Ross Riskin, CPA/PFS, will share highlights […]
Have you agreed a net pay arrangement?
Are you an employer who agrees a net pay arrangement with their employees? This net pay arrangement means that you as an employer guarantees that an employee will receive the same amount of pay every pay day. This creates a financial risk to your business because there is no way you can know how much […]