Tax Deductions Your Small Business Might Be Missing
Tax time is coming. There are few certainties year over year, but your tax deadline is one of them. For small business owners, this can be a scary time of year. Have you gathered all the paperwork you need to give your accountant? Have you paid enough in estimates? And the big question, are you…
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24 States Increase Minimum Wage in 2020
The start of 2020 also means a new round of minimum wage increases across the country. While the federal minimum wage is $7.25 per hour and it hasn’t changed in more than a decade, states continue to adjust their minimum wage to help America’s lowest earners keep up with the cost of living. On January…
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How the SECURE Act May Change Your Mind About Offering an Employee Retirement Plan
In late December 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The act is designed to increase access to tax-advantaged accounts for more Americans and keep older Americans from outliving their retirement assets. One of the biggest steps the SECURE Act takes is to incentivize small businesses to offer…
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Cuts to SNAP Benefits Strike in 2020
You may have heard that there will be significant changes to the Supplemental Nutrition Assistance Program (SNAP) in 2020, but sometimes the details of those changes are hard to figure out. The good news, if there can be any, is that these changes don’t go into effect until April 1, 2020, so if you’re one…
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Why Hiring an Ex-Felon Might Be the Right Move in 2020
With the national unemployment rate at a low, the employee pool may look like it is getting sparse. However, that may be because you’re not looking in the right employee pool. 2020 should be the year you consider hiring ex-felons. For many employers, it’s tough to think about trusting an ex-felon as someone who will…
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10 Things Small Business Owners Can Do to Get a Head Start on Taxes
It’s hard to think about taxes when the deadline is so far away but now may be the best time to get to work on them. Late December and early January tend to be slow months for small businesses, which is why they’re a great time to get a jump on work that will pop…
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