ray@rlhinton.com Year-end tax planning ideas for your small business Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income and... Oct 14, 2022
ray@rlhinton.com Work Opportunity Tax Credit provides help to employers In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available to employers that hir... Oct 14, 2022
ray@rlhinton.com The tax obligations if your business closes its doors Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist you, including taking care of the various tax responsibiliti... Oct 14, 2022
ray@rlhinton.com Self-employed? Build a nest egg with a solo 401(k) plan Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan? Consider a solo 40... Oct 14, 2022
ray@rlhinton.com Partners may have to report more income on tax returns than they receive in cash Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more partnership income than was distributed to you from the partnership in ... Oct 14, 2022
ray@rlhinton.com How do taxes factor into an M&A transaction? Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought and sold. If your business is considering merging with or acquiring... Oct 14, 2022
ray@rlhinton.com Help when needed: Apply the research credit against payroll taxes Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits ... Oct 14, 2022
ray@rlhinton.com Businesses: Prepare for the lower 1099-K filing threshold Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be reported. Beginning ... Oct 14, 2022
ray@rlhinton.com 2022 Q4 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional d... Oct 9, 2022
ray@rlhinton.com Weathering the storm of rising inflation Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies. Is it time for business owners to panic? Not at all. A... Oct 7, 2022
ray@rlhinton.com Sometimes businesses need to show customers tough love “We love our customers!” Many businesses proclaim this at the bottom of their invoices, in their marketing materials and even on the very walls of their physical locations. Obviously, every company ne... Oct 7, 2022
ray@rlhinton.com Want to see into the future? Delve deeper into forecasting For a company to be truly successful, its ownership needs to attempt the impossible: see into the future. Forecasting key metrics — such as sales demand, receivables, payables and working capital — ca... Oct 7, 2022
