2022 Changes for Unemployment Insurance Rates and Deposit Schedules

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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