Be on the lookout for notices from tax agencies with changes to unemployment insurance rates and deposit schedules coming in 2022. Of note is Colorado’s increase to the taxable wage base from the current $13,600 to $17,000 in 2022. Passed in July 2020, SB20-207 raises the wage base by $3,400 each year beginning in 2022...
What’s in it for Me? Sales Advice from an Expert
There’s an old saying, “nobody cares how much you know until they know how much you care.” Although somewhat trite, this saying should be top of mind when reaching out to prospective clients or customers. It is the backbone of the five strategies Founder and CEO, Jay Abraham, of the Abraham Group has taught over...
2021 Child Tax Credit Reminder
Due to the American Rescue Plan, enacted March 2021, the 2021 child tax credit was raised from $2,000 per child to $3,600 for children 5 and under and $3,000 for all other ages. Additionally, this year’s credit is fully refundable – the $2,500-of-earned-income requirement is dropped. Another big change is half of the 2021 credit...
How being proactive can save you money!
Individuals and businesses are faced every year with tax preparation. This is compliance work required by a government entity to record and report the history of what occurred financially for the individual or the business over the course of the year. Tax preparation looks backward at what happened. Tax planning, on the other hand, looks...
Avoiding A Misclass
Are you misclassifying your workers? Under the Fair Labor Standards Act, a worker is entitled to minimum wage and overtime pay protections. The Wage and Hour Division is responsible for determining whether an employee has been misclassified as an independent contractor and has been denied critical benefits and labor standards protections. Employees also need to...
To Loom Or To Zoom
Over the past couple of years, Zoom has become a standard for conducting business meetings and other types of synchronous communications. So much so, that the word meeting and Zoom have become interchangeable. It has become so easy to schedule a meeting, invite attendees and conduct a Zoom meeting that it has actually become over-used....
Knock, Knock…Who’s There, Really?
October is National Cybersecurity Month, so we thought it would be a great time to send out a reminder to be aware of those “bad actors” out there that are putting so much energy into stealing anything and everything they can from innocent and unaware users of technology. Know that the IRS takes identity theft...
From DIY to D&I
Of the many shifts in the workforce lately, we have moved from a culture of independent and/or siloed working environments to that of universal collaboration. To have successful team collaboration, diversity and inclusion (D&I) are a must. Diversity in the workplace used to be an uncomfortable thing for most. Working with someone with a different...
QBDT – Don’t Be Late
If you are a QuickBooks Desktop user, don’t be late for these very important dates! Intuit will be transitioning to a subscription model with the 2022. The QB Desktop Plus and Enterprise subscriptions are scheduled to be released to businesses 10/12/21. They are offering a limited one-time fee purchase for QBDT Pro, Premier and Mac...
Time to Engage
Employee engagement is the direct result of the emotional commitment they have to their work, the team’s goals, and the company’s mission. Employee engagement is not to be confused with happiness or satisfaction. Often times it’s their “why”. As a business owner or manager you must acknowledge the purpose of your employees. If you show...