Newsletters
Tax Filing Reminders – November 2020
December 15th
December 31st
Using Equity as a Compensation Tool
Posted November 2020
Equity is one of the most powerful tools available for attracting, retaining, and motivating employees. Offering employees a stake in your company’s success aligns their interests with those of the owners, rewards them for excellent performance, and provides them with an incentive to stay with the company for several years. Here is a quick review of some of the ways you can share equity with employees. Although this discussion focuses on corporations, there are a variety of incentive compensation tools for LLCs and partnerships as well.
WHAT TAX RECORDS CAN INDIVIDUALS THROW AWAY?
Posted November 2020
The deadline for individual taxpayers who extended their 2019 tax returns has now passed. The original April 15 filing deadline was extended this year to July 15 due to the COVID-19 pandemic and the final extended due date was October 15. If you are finally finished filing last year’s return, you might wonder: which tax records can be tossed once everything is complete? Now is a good time to go through old tax records and see what you can discard.
Education Tax Breaks
Posted November 2020
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain tax breaks to help defray the cost of education.