by kerstin@buhvdesigns.com | Sep 10, 2020 | Resources, Tax Management
Many people are pursuing in-home daycare which has led to a rash of questions about the “Nanny Tax.” This is the payroll tax that individuals pay when they hire a household worker and pay them more than $2,200 (in 2020). The “Nanny Tax”...
by kerstin@buhvdesigns.com | Sep 2, 2020 | Resources, Tax Management
We are often asked about the requirements for deducting business meal expenses. Food and beverage expenses associated with operating a taxpayer’s trade or business are deductible, subject to a 50% limit. Unfortunately, after the Tax Cuts and Jobs Act (TCJA)...
by kerstin@buhvdesigns.com | Aug 5, 2020 | Resources
Employee Profit Sharing Profit-sharing with your employees through a qualified retirement plan is a great benefit to both employers and employees. If you are a small business owner, and you do not currently offer a retirement plan to your employees, then you are in a...
by kerstin@buhvdesigns.com | Jul 17, 2020 | Resources
Income Tax Prep – Online Software vs CPA “Should I self-prepare my tax return, or should I hire a professional?” is a question asked by many taxpayers. As life gets more complicated, is it smart to use Turbo Tax, Tax Slayer, H&R Block, or any of the multiple...
