Fraud in Small Business can take many forms, but one of the most damaging is payroll fraud. Unless the owner handles all aspects of computing and paying payroll, there is room for fraud in every small business. The fact that your company has only a few employees does...
The amount you can contribute to your retirement plan increases in 2013. The 401(k) maximum salary deferral increases from the 2012 limit of $17,000 to $17,500. The catch-up limit for those 50 and older remains unchanged at $5,500. The maximum deferral for a SIMPLE...
There is a great deal of confusion about gifting and gift taxes. The federal gift tax law is completely apart from the income tax law. Neither party to a gift should include the gift information on their income tax return. The gift is not tax-deductible by the one...
If you missed out on our newsletter last week there was an interesting article titled When in Doubt, Flow It Down. The article discussed what needs to be included in subcontracts so that your company is ensured protection within the FAR. Please sign up for our...
There is an almost endless list of things to do when you start a business. Here is a brief list of some of the most important ones: Business plan– Your business plan will be useful to you and to lenders. It should present who will own the business and what the legal...
