Continuing in our series on the Adoption Tax Credit, here are some additional guidelines for adoptive parents to keep in mind. When a Couple is Eligible to Take the Credit: The main difference between the rules pertaining to foreign verses domestic adoptions is in what tax year the couple is allowed to claim the credit. […]
The Adoption Tax Credit: Qualifications and Benefits (Part II) Read More »
Adopting a child can be one of the most rewarding experiences for couples, especially those that have not been able to have children of their own. Adoption also has a major positive impact on the child, as he/she is provided an opportunity to be raised in a loving environment where his/her needs are provided. As
The Adoption Tax Credit: Qualifications and Benefits (Part I) Read More »
Chandler Accounting Firm Awarded Kudzu Best of 2012 Contest Winner Popular local review site recognizes Chandler firm for excellence in small business accounting services. CHANDLER, AZ (July 25, 2013) BASC Expertise, a small business accounting firm, is pleased to announce being named a Best of 2012 winner by Kudzu—a leading source of local business information
Chandler Accounting Firm Awarded Kudzu Best of 2012 Contest Winner Read More »
Under the Affordable Care Act of 2010, employers with 50 or more employees were required to provide health insurance to their workers or pay a penalty. This provision was set to kick in on January 1, 2014. However, earlier this month, the Obama Administration announced that this mandate would be delayed for one year. The
What are the Implications of the ACA Employer Mandate Delay? Read More »
Continuing our discussion of what to include in your startup budget, here are three other areas to consider: Equipment & Inventory: Now that you have secured your location, you will need to acquire the equipment and inventory needed to operate the business. This is an area where there will be some flexibility. To keep expenses
What Should Be Included in a Startup Business Budget? (Part II) Read More »
When starting a new business, it is important to be organized and ready to hit the ground running from day one. A big part of being ready to open for business is having a budget in place for the startup phase, as well as an estimate of ongoing expenses so you know how much revenue
What Should Be Included in a Startup Business Budget? (Part I) Read More »
When a new business decides to incorporate, there are some things to decide early in the process. One of the issues companies need to consider is whether or not to file their entity as an S Corporation as opposed to a standard C Corporation. S Corporation Requirements: Before considering this option, it is important to
What Does It Mean to Take the S Corp Election for Your Company? Read More »
Business owners have many options when it comes to structuring their entity and whether or not they pay themselves a salary or just draw from the company profits. Deciding the best option from a tax liability standpoint can often be confusing. Here are some basic guidelines on when a business owner should take payroll. Sole
When Does the Owner of a Company Need to Take Payroll? Read More »
Continuing our discussion on DIY vs. using an outside payroll company, here is a look at what is involved with outsourcing your employee payments to a professional payroll processor: Considering a Payroll Processing Service: Payroll service professionals devote all of their time and resources to processing pay checks, making tax calculations, and preparing to allocate
Payroll Processing: Should you DIY or Use a Payroll Service? (Part II) Read More »
For organizations to operate effectively, they must be able to pay their employees on time while remaining in compliance with all tax laws and regulations. This means processing paychecks and direct deposits correctly and in a timely manner. Payroll is one of the company’s largest expenses and errors in payroll processing can adversely affect the
Payroll Processing: Should you DIY or Use a Payroll Service? (Part I) Read More »
