roibusinessservices.com RSS Feed https://roibusinessservices.com/ Take a look at our recent blog posts and client newsletter articles. en-us Tue, 12 Oct 2021 09:00:00 -0500 Tue, 12 Oct 2021 09:00:00 -0500 Vacation home: How is your tax bill affected if you rent it out? https://www.roibusinessservices.com/blog.php?id=746 A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules. Tue, 12 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=746 Remind your sales team about the power of storytelling https://www.roibusinessservices.com/blog.php?id=747 Are your companyâ??s salespeople good storytellers? The benefits of spinning an honest and compelling yarn are considerable. Tue, 12 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=747 Remind your sales team about the power of storytelling https://www.roibusinessservices.com/blog.php?id=744 Are your companyâ??s salespeople good storytellers? The benefits of spinning an honest and compelling yarn are considerable. Fri, 08 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=744 Navigating the tax landscape when donating works of art to charity https://www.roibusinessservices.com/blog.php?id=745 Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a tax deduction for your generosity. Fri, 08 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=745 Use These Strategies To Pass on Wealth to Heirs https://www.roibusinessservices.com/newsletter.php#4 Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#4 Small Business: Tips for Ensuring Financial Success https://www.roibusinessservices.com/newsletter.php#2 Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#2 Marginal vs. Effective Tax Rates https://www.roibusinessservices.com/newsletter.php#1 Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#1 If You Receive an IRS Letter or Notice https://www.roibusinessservices.com/newsletter.php#5 The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#5 Defer Capital Gains Using Like-Kind Exchanges https://www.roibusinessservices.com/newsletter.php#3 If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#3 Unlock Mortgage Interest Deductions for Home Improvements https://www.roibusinessservices.com/blog.php?id=740 Before you borrow money for a home improvement project, review the current federal tax rules for itemizing mortgage interest. Thu, 23 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=740 Retirement Savings: Are You Currently On Track? https://www.roibusinessservices.com/blog.php?id=742 Retirement Savings: Here's an arithmetic exercise to help eliminate the guesswork. Thu, 23 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=742 Joint Ownership: Estate Planning Do or Don\'t? https://www.roibusinessservices.com/blog.php?id=743 Joint ownership generally offers several estate planning advantages that will benefit surviving family members. Thu, 23 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=743 Is a Health Savings Account right for you? https://www.roibusinessservices.com/blog.php?id=738 If youâ??re an employee, you may be able to get a Health Savings Account with your employer. You can also open one of these tax-saving accounts through some banks and other financial institutions. Here are the basic rules. Thu, 23 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=738 EIDL program retooled for still-struggling small businesses https://www.roibusinessservices.com/blog.php?id=737 Many small businesses are still feeling the pressure of the pandemic. If yours needs a loan, check out the SBAâ??s newly enhanced COVID-related EIDL program. Thu, 23 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=737 Considering Long-Term Care Insurance? Here\'s What You Should Know https://www.roibusinessservices.com/blog.php?id=741 The cost of an insurance policy is mainly based on the probability that you'll file a claim while the coverage is in force. Thu, 23 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=741 Can taxpayers who manage their own investment portfolios deduct related expenses? It depends https://www.roibusinessservices.com/blog.php?id=739 Are you an investor or a trader? The difference is important for tax purposes. Thu, 23 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=739 Selling a home: Will you owe tax on the profit? https://www.roibusinessservices.com/blog.php?id=734 If youâ??re selling your principal residence, some or all of the profit may be tax free. It depends on your home sale profit and your income. Here are the basic rules. Thu, 16 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=734 Scam Alert: Keep Up on the Latest https://www.roibusinessservices.com/blog.php?id=736 The number of common scams plaguing us has grown exponentially over the years. No longer are most scams limited to those urgent messages from bogus exiled royalty in faraway lands, asking you to hide their fortunes in your bank account. Thu, 16 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=736 Helping Your Kids Achieve Future Financial Security https://www.roibusinessservices.com/blog.php?id=735 You might be looking for tax-efficient ways to set money aside for the future of your children or grandchildren. With some planning, you may be able to help them start off their adult lives with at least a modest foundation of financial security. Here's a quick look at two worthwhile options. Thu, 16 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=735 Think like a lender before applying for a business loan https://www.roibusinessservices.com/blog.php?id=732 To stay competitive, many businesses need cash to fulfill their strategic objectives. Put yourself in a lenderâ??s mindset before you take out a loan. Mon, 13 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=732 Think like a lender before applying for a business loan https://www.roibusinessservices.com/blog.php?id=731 To stay competitive, many businesses need cash to fulfill their strategic objectives. Put yourself in a lenderâ??s mindset before you take out a loan. Mon, 13 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=731 Think like a lender before applying for a business loan https://www.roibusinessservices.com/blog.php?id=730 To stay competitive, many businesses need cash to fulfill their strategic objectives. Put yourself in a lenderâ??s mindset before you take out a loan. Mon, 13 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=730 Planning for year-end gifts with the gift tax annual exclusion https://www.roibusinessservices.com/blog.php?id=733 Making tax-free gifts by year end can reduce the size of your taxable estate Mon, 13 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=733 Does your employer provide life insurance? Here are the tax consequences https://www.roibusinessservices.com/blog.php?id=729 Does your employer provide you with group term life insurance? Depending on the amount of coverage, it may add to your tax bill. Here are the rules. Mon, 06 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=729 You can only claim a casualty loss tax deduction in certain situations https://www.roibusinessservices.com/blog.php?id=727 The rules for deducting personal casualty losses on a tax return have changed through 2025. Sat, 04 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=727 Expanding succession planning beyond ownership https://www.roibusinessservices.com/blog.php?id=728 Business owners, have you considered creating a succession plan that also accounts for the possible departure of key employees? Sat, 04 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=728 What Is a Designated Roth Account? https://www.roibusinessservices.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.roibusinessservices.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.roibusinessservices.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.roibusinessservices.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.roibusinessservices.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.roibusinessservices.com/newsletter.php#3 IRS additional guidance addresses COBRA assistance under ARPA https://www.roibusinessservices.com/blog.php?id=726 Many businesses must provide COBRA coverage to departing employees. Recent IRS guidance addresses the COBRA premium assistance provisions of the American Rescue Plan Act. Wed, 18 Aug 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=726 ABLE accounts may help disabled or blind family members https://www.roibusinessservices.com/blog.php?id=724 Do you have a disabled family member that youâ??d like to help out financially but you donâ??t want them to lose eligibility for their government benefits? You may be able to use a tax-advantaged ABLE account. Wed, 18 Aug 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=724 5 ways to take action on accounts receivable https://www.roibusinessservices.com/blog.php?id=725 Are your companyâ??s collections a bit sluggish? Here are five ways to reinvigorate accounts receivable efforts. Wed, 18 Aug 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=725 There's currently a "stepped-up basis" if you inherit property - but will it last? https://www.roibusinessservices.com/blog.php?id=722 Have you inherited assets or are you planning your estate? If so, itâ??s crucial to understand the current â??step-upâ? basis rules and why they might change. Thu, 12 Aug 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=722 Scholarships are usually tax free but they may result in taxable income https://www.roibusinessservices.com/blog.php?id=723 If your child receives a scholarship, is the amount taxable income? Here are the rules. Thu, 12 Aug 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=723 Is your business underusing its accounting software? https://www.roibusinessservices.com/blog.php?id=720 A companyâ??s accounting software can be either a strength or a weakness. Make sure youâ??re maxing out the functionality and value of yours. Thu, 12 Aug 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=720 DEI programs are good for business https://www.roibusinessservices.com/blog.php?id=721 Has your business considered a diversity, equity and inclusion (DEI) program? Some best practices to keep in mind. Thu, 12 Aug 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=721 You may have loads of student debt, but it may be hard to deduct the interest https://www.roibusinessservices.com/blog.php?id=714 Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify. Fri, 30 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=714 There's currently a "stepped-up basis" if you inherit property - but will it last? https://www.roibusinessservices.com/blog.php?id=716 Have you inherited assets or are you planning your estate? If so, itÃ?¢??s crucial to understand the current Ã?¢??step-upÃ?¢?Ã? basis rules and why they might change. Fri, 30 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=716 Tax Implications for Vacation Homes Classified as Personal Residences https://www.roibusinessservices.com/blog.php?id=718 tax issues that may arise for a mixed-use vacation home that's classified as a personal residence, including how to allocate expenses between personal and rental use. Fri, 30 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=718 Should You Consider an Employer Roth 401(k) Account? https://www.roibusinessservices.com/blog.php?id=719 If your employer's retirement savings options include a designated Roth account, consider making contributions or rolling over the balance from your regular 401(k) account in 2021. Fri, 30 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=719 Reap Tax Rewards from Securities Harvest This Fall https://www.roibusinessservices.com/blog.php?id=717 Before year end, it's important for people who own stocks and other capital assets to evaluate their current tax situations â?? and consider whether it makes sense to hold or sell those assets to avoid unfavorable tax consequences. Fri, 30 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=717 Keeping remote sales sharp in the new normal https://www.roibusinessservices.com/blog.php?id=715 Sales calls sure arenâ??t what they used to be. Hereâ??s how businesses can stay on track with the ongoing trend toward digital interactions in the sales process. Fri, 30 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=715 Get serious about your strategic planning meetings https://www.roibusinessservices.com/blog.php?id=713 For any business large or small, strategic planning is no joke. Here are some best practices for holding meetings that produce exciting ideas for a profitable future. Thu, 29 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=713 Exhausted Your Gift Tax Exemption? Consider a Net Gift https://www.roibusinessservices.com/blog.php?id=712 Making gifts is an easy way to reduce the size of an estate. But if the impact of transfer taxes on those gifts is a concern, individuals might want to make "net gifts." Mon, 12 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=712 IRS audits may be increasing, so be prepared https://www.roibusinessservices.com/blog.php?id=711 Here are the latest IRS audit statistics, as well as some tips on how to help come out of an audit with a favorable result Tue, 06 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=711 Critical path method can propel IT projects https://www.roibusinessservices.com/blog.php?id=710 IT projects are all but unavoidable in todayâ??s highly digitized and competitive business environment. You may be able to better control yours with the critical path method. Tue, 06 Jul 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=710 Are your company\'s job descriptions pulling their weight? https://www.roibusinessservices.com/blog.php?id=708 Erroneous job descriptions often hide in the corners of a company, providing little value and even causing harm. Donâ??t let yours get away with it. Wed, 30 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=708 Are you a nonworking spouse? You may still be able to contribute to an IRA https://www.roibusinessservices.com/blog.php?id=709 Married spouses who donâ??t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs. Wed, 30 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=709 Seniors may be able to write off Medicare premiums on their tax returns https://www.roibusinessservices.com/blog.php?id=706 If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules. Tue, 22 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=706 Don\'t assume your profitable company has strong cash flow https://www.roibusinessservices.com/blog.php?id=707 If your businessâ??s bottom line is strong, thatâ??s good news. But you still need to keep a close eye on cash flow. Hereâ??s why. Tue, 22 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=707 Which States Are Opting Out of Federal Unemployment Benefits? https://www.roibusinessservices.com/blog.php?id=705 In recent weeks, many employers have complained about how difficult it is to fill job openings. COVID-19 cases are drastically falling, yet some businesses can't get all their employees to come back to work. Which states have ended the $300 per week federal unemployment benefit in a bid to encourage people to return to the workforce? This article lists them, along with states providing incentives. Tue, 15 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=705 Tips to Lower Gas Costs on Your Summer Road Trip https://www.roibusinessservices.com/blog.php?id=701 Rising gas prices could put a crimp in your travel plans. Here's information to help you keep costs down. Tue, 15 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=701 Tax-favored ways to build up a college fund https://www.roibusinessservices.com/blog.php?id=700 Your college savings can go farther with tax-favored vehicles. Here are some options. Tue, 15 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=700 Labor Shortage: Unlock Solutions by Evaluating Your Employment Value Proposition https://www.roibusinessservices.com/blog.php?id=704 If your company is hiring but struggling to find workers, it's not alone. Tue, 15 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=704 7 Valuable Deductions for Self-Employed Individuals https://www.roibusinessservices.com/blog.php?id=703 Did you recently launch a small business venture? Being self-employed brings new â?? and potentially sizeable â?? tax-saving opportunities that aren't available to traditional W-2 employees. Here are seven common deductions to consider as you plan for the 2021 tax year. Tue, 15 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=703 7 Valuable Deductions for Self-Employed Individuals https://www.roibusinessservices.com/blog.php?id=702 Did you recently launch a small business venture? Being self-employed brings new â?? and potentially sizeable â?? tax-saving opportunities that aren't available to traditional W-2 employees. Here are seven common deductions to consider as you plan for the 2021 tax year. Tue, 15 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=702 Retiring soon? 4 tax issues you may face https://www.roibusinessservices.com/blog.php?id=699 Here are some of the tax implications of retirement. Tue, 08 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=699 Plan ahead for the 3.8% Net Investment Income Tax https://www.roibusinessservices.com/blog.php?id=698 If youâ??re subject to the 3.8% net investment income tax, you should include it in your tax planning. Thu, 03 Jun 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=698 Vacation Home Usage Has Tax Implications https://www.roibusinessservices.com/blog.php?id=695 If you want your vacation home to qualify as a rental property for federal income tax purposes, you'll need to limit your personal use. Fri, 28 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=695 Contractors: Prevent Profit Fade On Your Projects https://www.roibusinessservices.com/blog.php?id=697 Profit fade â?? when the cost of performing a job equals or exceeds the project's revenue â?? can be fatal to a construction business if it happens repeatedly. Fri, 28 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=697 Are Your Employees Afraid to Return to Work? https://www.roibusinessservices.com/blog.php?id=696 The number of Americans getting vaccinated is growing. But what if your business has employees working from home who still fear health problems related to a return to your workplace? Fri, 28 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=696 Many parents will receive advance tax credit payments beginning July 15 https://www.roibusinessservices.com/blog.php?id=693 About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details. Wed, 26 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=693 Look at your employee handbook with fresh eyes https://www.roibusinessservices.com/blog.php?id=694 Has your business changed its policies or procedures during the COVID-19 pandemic? Probably so. Make sure your employee handbook accurately reflects these changes. Wed, 26 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=694 Are you ready for the return of trade shows and other events? https://www.roibusinessservices.com/blog.php?id=692 Business owners, youâ??ll likely soon be able to, once again, meet face-to-face with customers and prospects. Start preparing for trade shows and other events. Wed, 26 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=692 Still have questions after you file your tax return? https://www.roibusinessservices.com/blog.php?id=690 after filing taxes you may still have questions Wed, 19 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=690 Getting max value out of your CRM software https://www.roibusinessservices.com/blog.php?id=691 CRM software has become a go-to solution for businesses looking to track and manage customer relationships Wed, 19 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=691 Working in the gig economy results in tax obligations https://www.roibusinessservices.com/blog.php?id=689 The pandemic has caused some people to turn to â??gigâ? work to make up for lost income. Here are the tax consequences of taking on these jobs. Wed, 12 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=689 The Restaurant Revitalization Fund is now live https://www.roibusinessservices.com/blog.php?id=688 If your business is a restaurant or anything like one, you may qualify for funding under the just-launched Restaurant Revitalization Fund. But youâ??ve got to act soon. Wed, 12 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=688 Tax filing deadline is coming up: What to do if you need more time https://www.roibusinessservices.com/blog.php?id=687 Americans got extra time to file their tax returns this year, but the deadline is looming. Hereâ??s what to do if youâ??re not ready. Wed, 12 May 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=687 Watch Out for COVID-19 Vaccine Scams https://www.roibusinessservices.com/blog.php?id=685 Dishonest people always look for the next opportunity to defraud, cheat or steal from unsuspecting victims. People seeking COVID-19 vaccines are the latest fraud target. Fri, 30 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=685 A Closer Look at Durable Power of Attorney https://www.roibusinessservices.com/blog.php?id=686 Let's look at two potential solutions: a power of attorney â?? and, for optimal protection, a durable power of attorney. Fri, 30 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=686 Why it's important to meet the tax return filing and payment deadlines https://www.roibusinessservices.com/blog.php?id=684 The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, itâ??s a good time to review the amount of the penalties. Thu, 29 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=684 Unemployed last year? Buying health insurance this year? You may benefit from favorable new changes https://www.roibusinessservices.com/blog.php?id=681 Many tax changes have been enacted recently to help mitigate the financial damage caused by COVID-19 Wed, 21 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=681 Infographic: Simple steps that help foil cybercriminals. https://www.roibusinessservices.com/blog.php?id=683 Simple steps that help foil cybercriminals. Wed, 21 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=683 Changes to premium tax credit could increase penalty risk for some businesses https://www.roibusinessservices.com/blog.php?id=682 If your business can be defined as an applicable large employer, the recently signed American Rescue Plan Act might increase the likelihood that youâ??ll incur a penalty under the Affordable Care Act. Wed, 21 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=682 Trader Status Offers Significant Tax Benefits https://www.roibusinessservices.com/blog.php?id=678 The short squeeze of GameStop stock earlier this year has drawn attention to various issues, including the important federal income tax distinction between securities trader status and investor status. Tue, 13 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=678 Home sales: How to determine your \"basis\" https://www.roibusinessservices.com/blog.php?id=677 When you sell your home, youâ??ll pay tax (or avoid it) based on the â??basisâ? of the property. Hereâ??s how to determine yours. Tue, 13 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=677 Employees Now Enjoy Even Greater Flexibility with FSAs https://www.roibusinessservices.com/blog.php?id=680 Employees who choose to participate in employer-provided flexible spending accounts (FSAs) can realize several tax benefits. Tue, 13 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=680 Big Changes to the Child Credit for 2021 https://www.roibusinessservices.com/blog.php?id=679 There's good news for certain parents: For 2021 only, under provisions included in the new American Rescue Plan Act, you may be eligible for a significantly larger tax credit for qualifying children. Tue, 13 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=679 Who qualifies for "head of household" tax filing status? https://www.roibusinessservices.com/blog.php?id=674 If you qualify to file as a â??head of household,â? you may pay less tax than if you file your tax return as a â??singleâ? individual. Fri, 09 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=674 Three New Payroll Tax Provisions For Eligible Employers https://www.roibusinessservices.com/blog.php?id=676 The new Consolidated Appropriations Act provides employers with some payroll-related tax breaks. This article looks at the extended and modified employee retention tax credit and family and medical leave credit. Fri, 09 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=676 A Closer Look at Durable Power of Attorney https://www.roibusinessservices.com/blog.php?id=675 A Look at Durable Power of Attorney Fri, 09 Apr 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=675 Looking for Life Insurance? Know Your Options https://www.roibusinessservices.com/blog.php?id=672 It's essential to get the full picture regarding life insurance before plunging into the market. Wed, 31 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=672 How to ensure life insurance isn't part of your taxable estate https://www.roibusinessservices.com/blog.php?id=670 Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations. Wed, 31 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=670 How to Maximize Remote Sales https://www.roibusinessservices.com/blog.php?id=671 Here are five ways that manufacturers can improve their remote sales programs. Wed, 31 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=671 EIDL loans, restaurant grants offer relief to struggling small businesses https://www.roibusinessservices.com/blog.php?id=673 Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options. Wed, 31 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=673 New law tax break may make child care less expensive https://www.roibusinessservices.com/blog.php?id=666 The newly enhanced child and dependent care credit may help for 2021. Sat, 27 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=666 IRS Extends the Tax Filing and Paying Deadline for Individuals https://www.roibusinessservices.com/blog.php?id=669 Critical issues that you should discuss with your tax pro before filing your 2020 Form 1040. Sat, 27 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=669 IRS Extends the Tax Filing and Paying Deadline for Individuals https://www.roibusinessservices.com/blog.php?id=668 Critical issues that you should discuss with your tax pro before filing your 2020 Form 1040. Sat, 27 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=668 COBRA provisions play critical role in COVID-19 relief law https://www.roibusinessservices.com/blog.php?id=667 For business owners, the American Rescue Plan Act contains many provisions of interest. Companies that must provide COBRA coverage should read up on the new 100% subsidy. Sat, 27 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=667 The latest on COVID-related deadline extensions for health care benefits https://www.roibusinessservices.com/blog.php?id=663 Employers that sponsor health care plans should start devising communication strategies regarding COVID-related deadline extensions and when those extensions may end. Tue, 16 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=663 New law: Parents and other eligible Americans to receive direct payments https://www.roibusinessservices.com/blog.php?id=662 Are you eligible to receive direct payments under the new law that passed on March 11? Tue, 16 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=662 Estimated tax payments: The deadline for the first 2021 installment is coming ups https://www.roibusinessservices.com/blog.php?id=665 Are you required to make estimated tax payments because you donâ??t pay enough tax in withholding? Here are the rules. Tue, 16 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=665 5 ways to streamline and energize your sales process https://www.roibusinessservices.com/blog.php?id=664 The economic forecast for 2021 looks relatively bright. Is your sales staff up to the challenge of making the most of the revenue opportunities ahead? Tue, 16 Mar 2021 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=664 Tips for Starting a New Business Today https://www.roibusinessservices.com/blog.php?id=661 Are you thinking about starting a new business or revising your current business model? Here's some guidance on how to evaluate these opportunities, including COVID-19-related considerations and evergreen tips. Mon, 08 Mar 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=661 PPP adjusted to prioritize very small businesses https://www.roibusinessservices.com/blog.php?id=659 The Paycheck Protection Program has undergone some notable changes recently as the Small Business Administration and Biden administration seek to give very small businesses easier access to loan funds. Mon, 08 Mar 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=659 Building customers\' trust in your website https://www.roibusinessservices.com/blog.php?id=660 The COVID-19 pandemic has driven demand for secure online transactions. Do your companyâ??s customers really trust your website? Mon, 08 Mar 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=660 Retiring soon? Recent law changes may have an impact on your retirement savings https://www.roibusinessservices.com/blog.php?id=658 Recent tax law changes might allow you to save more with your IRA or retirement plan. Tue, 02 Mar 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=658 View your financial statements through the right lens https://www.roibusinessservices.com/blog.php?id=654 The right KPIs can help you see things more clearly. Fri, 26 Feb 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=654 Should your business add Roth contributions to its 401(k)? https://www.roibusinessservices.com/blog.php?id=657 Some businesses eventually opt to take their 401(k) plans to the next level by offering designated Roth contributions. Fri, 26 Feb 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=657 Didn\'t contribute to an IRA last year? There still may be time https://www.roibusinessservices.com/blog.php?id=656 you still have time to contribute to an IRA or SEP and save on your 2020 tax return Fri, 26 Feb 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=656 Are your supervisors adept at multigenerational management? https://www.roibusinessservices.com/blog.php?id=655 supervisors need to recognize generational differences and adjust their communication styles appropriately. Fri, 26 Feb 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=655 The many uses of a SWOT analysis https://www.roibusinessservices.com/blog.php?id=652 Whether your business is striving to hold steady or gain ground this year, a SWOT analysis can provide valuable insights. Sun, 14 Feb 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=652 2021 individual taxes: Answers to your questions about limits https://www.roibusinessservices.com/blog.php?id=653 How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021. Sun, 14 Feb 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=653 Are your supervisors adept at multigenerational management? https://www.roibusinessservices.com/blog.php?id=651 Supervisors need to recognize generational differences and adjust their communication styles appropriately. Wed, 03 Feb 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=651 Ways to Fully Deduct Business-Related Meals https://www.roibusinessservices.com/blog.php?id=648 Ways to Fully Deduct Business-Related Meals Tue, 26 Jan 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=648 Wage Costs Rise in Many States in 2021 https://www.roibusinessservices.com/blog.php?id=650 minimum wage increases Tue, 26 Jan 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=650 Protecting the Elderly from Con Artists https://www.roibusinessservices.com/blog.php?id=649 Americans are vulnerable to con artists Tue, 26 Jan 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=649 Getting more for your marketing dollars in 2021 https://www.roibusinessservices.com/blog.php?id=647 As your business forges ahead into 2021, make sure your marketing dollars will go as far as possible in todayâ??s challenging environment. Fri, 22 Jan 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=647 Consolidated Appropriations Act, 2021 Video https://www.roibusinessservices.com/blog.php?id=646 Consolidated Appropriations Act, 2021 zoom call Wed, 06 Jan 2021 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=646 Ring in the new year with a renewed focus on profitability https://www.roibusinessservices.com/blog.php?id=644 Most of us are ready to turn the page on 2020. If youâ??re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line. Thu, 31 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=644 Prevent and detect insider cyberattacks https://www.roibusinessservices.com/blog.php?id=643 Cybercrime isn't always perpetrated by anonymous hackers in foreign countries. Some of the criminals stealing a companyÃ?¢??s data could be employees. Reduce the risk of insider cyberattacks by following these tips. Thu, 31 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=643 2020 Final Tax Bill Webinar https://www.roibusinessservices.com/blog.php?id=645 Zoom Webinar on the Consolidated Appropriations Act, 2021 Thu, 31 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=645 The Balanced Scorecard approach to strategic planning https://www.roibusinessservices.com/blog.php?id=642 Every business needs a solid strategic plan for the challenging and perhaps promising year ahead. The Balanced Scorecard approach could help strengthen yours. Wed, 23 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=642 The next estimated tax deadline is January 15 if you have to make a payment https://www.roibusinessservices.com/blog.php?id=641 The next estimated tax deadline is January 15 if you have to make a payment Tue, 22 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=641 Rightsizing your sales force https://www.roibusinessservices.com/blog.php?id=639 Is your companyâ??s sales staff too big, too small or just right? Answering this question is a matter of careful calculations and considerations. Mon, 21 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=639 Can you qualify for a medical expense tax deduction? https://www.roibusinessservices.com/blog.php?id=640 Hereâ??s what it takes to get a medical deduction and how you might be able to benefit by moving certain expenses into 2020. Mon, 21 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=640 Consider WARN Act Legalities If You Need to Lay Off Employees https://www.roibusinessservices.com/blog.php?id=638 Many employers that were able to hold off on making substantial layoffs in the early stages of the COVID-19 pandemic are finding it harder to do so now, even as the economy begins to perk up here and there. Sun, 13 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=638 16 Sweet Cost-Cutting Measures for Small Businesses to Consider https://www.roibusinessservices.com/blog.php?id=637 Is 2020 over yet? For numerous small businesses, this year has brought significant hardship and stress. Though many are hopeful for a recovery in 2021, another round of cost-cutting measures may be needed to help keep your business afloat. Here are some creative ideas for business owners to consider as they make their New Year's resolutions. Sun, 13 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=637 Should you add a technology executive to your staff? https://www.roibusinessservices.com/blog.php?id=635 Few businesses can survive in todayâ??s uncertain, competitive environment without using technology effectively. Now may be the right time to explore adding an IT executive. Thu, 10 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=635 Maximize your 401(k) plan to save for retirement https://www.roibusinessservices.com/blog.php?id=636 Have you been contributing enough to your employerâ??s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the recently announced limits for 2021. Thu, 10 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=636 Will Your Work-From-Home Policy Continue, Post-Covid-19? https://www.roibusinessservices.com/blog.php?id=633 Will Your Work-From-Home Policy Continue, Post-Covid-19? Fri, 04 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=633 Family business owners must weave together succession and estate planning https://www.roibusinessservices.com/blog.php?id=632 Family-owned businesses face distinctive challenges in todayâ??s uncertain economy. One example is how to best integrate your succession plan with your estate plan. Fri, 04 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=632 Clarity on Three 2020 Employer Tax Credits https://www.roibusinessservices.com/blog.php?id=634 Three 2020 Employer Tax Credits Fri, 04 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=634 Steer clear of the wash sale rule if you're selling stock by year end https://www.roibusinessservices.com/blog.php?id=630 Selling losing stock may reduce your 2020 tax liability. But be aware of the "wash sale" rule. Tue, 01 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=630 Lessons of 2020: Change management https://www.roibusinessservices.com/blog.php?id=631 Make the most of what youâ??ve learned during the COVID-19 pandemic by engaging in change management. Tue, 01 Dec 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=631 Putting the finishing touches on next year's budget https://www.roibusinessservices.com/blog.php?id=629 Few business owners look forward to creating an annual budget. Nonetheless, this is an important process that can be made better by attending to some key details. Tue, 24 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=629 Employees: Don\'t forget about your FSA funds https://www.roibusinessservices.com/blog.php?id=628 Itâ??s that time of year again: time to spend your unused dollars if you have an FSA. Tue, 24 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=628 Should you go phishing with your employees? https://www.roibusinessservices.com/blog.php?id=625 Business owners, have you thought about sending employees a fake email just to see if theyâ??d fall for a phishing scam? Itâ??s a growing, though controversial, practice. Tue, 10 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=625 How to Save Taxes in 2020 and Beyond https://www.roibusinessservices.com/blog.php?id=627 This year has been full of twists and turns. But you're not done with the wild ride just yet â?? there's still time to make tax planning moves that could lower your federal income tax bill for 2020 and position you to save in the future. Here's an overview of today's individual federal income tax rates and some strategies for you to consider implementing before year end. Tue, 10 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=627 How Series EE savings bonds are taxed https://www.roibusinessservices.com/blog.php?id=624 Do you own Series EE bonds? Take a look at the issue dates. If the bonds are no longer earning interest, you probably want to redeem them. Tue, 10 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=624 Do the COVID-19 Extended Deadlines for Health Plans Still Apply? https://www.roibusinessservices.com/blog.php?id=626 COVID-19 changed the landscape for employees and employers, including postponing many deadlines for reporting, filing and even paying some obligations. Now that several months have passed, employers are asking if the delayed due dates are still in effect. Tue, 10 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=626 Now more than ever, carefully track payroll records https://www.roibusinessservices.com/blog.php?id=623 Businesses have long been required to properly track payroll records. Tue, 03 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=623 Disability income: How is it taxed? https://www.roibusinessservices.com/blog.php?id=622 If you become disabled and are fortunate enough to receive disability income, you may have to pay federal tax on it. Tue, 03 Nov 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=622 Year-End Moves for Charitable Donations https://www.roibusinessservices.com/blog.php?id=620 Before donating to your favorite charity, you may want to consider whether your donation will qualify for a deduction on your 2020 tax return. Tue, 27 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=620 Is It Time for a Roth Conversion? https://www.roibusinessservices.com/blog.php?id=621 If you believe that your federal income tax rate when you retire will be higher than it is today, you might consider a Roth IRA conversion. Tue, 27 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=621 Inventory management is especially important this year https://www.roibusinessservices.com/blog.php?id=618 sound inventory management Tue, 27 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=618 Divorcing couples should understand these 4 tax issues https://www.roibusinessservices.com/blog.php?id=617 Here are four issues to consider if youâ??re in the midst of getting a divorce. Tue, 27 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=617 Buying and selling mutual fund shares: Avoid these tax pitfalls https://www.roibusinessservices.com/blog.php?id=619 Planning to buy or sell mutual fund shares? Here are some tax hazards to avoid. Tue, 27 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=619 Reviewing your disaster plan in a tumultuous year https://www.roibusinessservices.com/blog.php?id=614 Business owners: Have you paused to consider how well your company initially responded to the COVID-19 pandemic? Update your disaster plan before the details fade. Sun, 18 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=614 Keep Employee Collusion From Fleecing Your Company https://www.roibusinessservices.com/blog.php?id=616 When employees collude with other employees or outside parties to commit fraud, they usually fare better in escaping detection. But employers can stop collusion with extra scrutiny and tighter controls. Sun, 18 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=616 Fraud Alert: Have You Heard About New Vishing Attacks? https://www.roibusinessservices.com/blog.php?id=615 There's been an uptick in cyberattacks as fraudsters target employees' less-secure home networks Sun, 18 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=615 Using Remote Workers? Protect Sensitive Company Data from Exposure https://www.roibusinessservices.com/blog.php?id=613 During the COVID-19 pandemic, many companies have shifted to work-from-home arrangements to protect the safety of their workers. Tue, 13 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=613 There may be relief from tax liability for "innocent spouses" https://www.roibusinessservices.com/blog.php?id=611 In some cases, a married couple files a joint tax return and one spouse doesnâ??t disclose all of his or her income. The IRS goes after the other spouse for payment. But there may be "innocent spouse" relief. Tue, 13 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=611 4 steps to improving your company\'s sales https://www.roibusinessservices.com/blog.php?id=612 Every business depends on strong sales to keep the dollars flowing and the company growing. Hereâ??s a methodical approach to winning over prospects. Tue, 13 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=612 Reinforce protection of your company\'s mobile devices https://www.roibusinessservices.com/blog.php?id=608 The COVID-19 crisis has put an increased emphasis on mobile business technology. Make sure yours is well-protected. Sun, 04 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=608 Home Office Deductions in the COVID-19 Era https://www.roibusinessservices.com/blog.php?id=609 Millions of Americans are now working from home, and many are asking whether unreimbursed home office expenses are tax deductible. Sun, 04 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=609 Answers to Questions About Federal Taxes and Marijuana Businesses https://www.roibusinessservices.com/blog.php?id=610 Answers to Questions About Federal Taxes and Marijuana Businesses Sun, 04 Oct 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=610 Paying for Group Health Plan Administrative Expenses https://www.roibusinessservices.com/blog.php?id=607 Many employers are anticipating a rebate from their group health plan insurers. Fri, 25 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=607 IRS announces per diem rates for business travel https://www.roibusinessservices.com/blog.php?id=605 IRS recently released new per diem rates Fri, 25 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=605 Can investors who manage their own portfolios deduct related expenses? https://www.roibusinessservices.com/blog.php?id=606 While trader status is difficult to achieve, if a taxpayer qualifies, he or she can deduct investment-related expenses Fri, 25 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=606 Tax implications of working from home and collecting unemployment https://www.roibusinessservices.com/blog.php?id=603 Tax implications from working at home or collecting unemploymen Mon, 21 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=603 Prioritize customer service now more than ever https://www.roibusinessservices.com/blog.php?id=604 The COVID-19 crisis has put unprecedented pressure on businesses to provide customer service thatâ??s friendly and flexible. Make sure yours is top-notch. Mon, 21 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=604 Managing Risk for Remote Workforces in a Post-COVID-19 World https://www.roibusinessservices.com/blog.php?id=602 After the COVID-19 pandemic is ultimately brought under control â?? which might not occur for many more months â?? work-at-home arrangements will be more common than before the pandemic. Tue, 08 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=602 Homebuyers: Can you deduct seller-paid points? https://www.roibusinessservices.com/blog.php?id=600 In most cases, points a buyer pays in a home sale are a tax deductible interest expense. But what about seller-paid points? Tue, 08 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=600 ESOPs offer businesses a variety of potential benefits https://www.roibusinessservices.com/blog.php?id=601 Is your company looking to motivate employees, provide them with a retirement plan and save some tax dollars? An ESOP may be the answer. Tue, 08 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=601 Should You Jump on the Made-in-America Bandwagon? https://www.roibusinessservices.com/blog.php?id=599 Here are some critical issues to consider before you use the Made-in-America label. Tue, 01 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=599 Helping employees understand their health care accounts https://www.roibusinessservices.com/blog.php?id=597 Companies that offer health FSAs, HRAs or HSAs can drive participation in and appreciation of these accounts by helping employees understand the reimbursement rules. Tue, 01 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=597 Back-to-school tax breaks on the books https://www.roibusinessservices.com/blog.php?id=598 Back to school in the COVID-19 era may mean remote learning for your college student. But parents may be able to take advantage of one of these tax breaks for their education expenses. Tue, 01 Sep 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=598 Will You Have to Pay Tax on Your Social Security Benefits? https://www.roibusinessservices.com/blog.php?id=595 After paying into Social Security for all your working years, you may be surprised to learn that the benefits may be taxed in retirement. Here are the rules. Tue, 25 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=595 Take a fresh look at your company\'s brand https://www.roibusinessservices.com/blog.php?id=596 The COVID-19 crisis has increased competitiveness in many industries, so a strong business brand is more important than ever. Tue, 25 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=596 What happens if an individual can't pay taxes https://www.roibusinessservices.com/blog.php?id=593 Tax liabilities donâ??t go away if left unaddressed. Hereâ??s a look at what happens in the event you canâ??t pay taxes on time. Tue, 18 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=593 Thoughtful onboarding is more important than ever https://www.roibusinessservices.com/blog.php?id=594 When your business is ready to start hiring, if itÃ?¢??s not already, a thorough onboarding program will help new hires feel safe and ready to hit the ground running. Tue, 18 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=594 More parents may owe \"nanny tax\" this year, due to COVID-19 https://www.roibusinessservices.com/blog.php?id=591 Do you have a nanny, housekeeper or other household worker? If you pay him or her cash wages of $2,200 in 2020, you must withhold and pay Social Security and Medicare taxes. Thu, 13 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=591 5 common accounting software mistakes to avoid https://www.roibusinessservices.com/blog.php?id=592 s your companyâ??s accounting system getting the better of you? Thu, 13 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=592 Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes https://www.roibusinessservices.com/blog.php?id=590 An overview of the treatment of hobby vs. for-profit business activities under current tax law. Tue, 04 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=590 Business Vehicle Purchases: What Is Deductible for 2020? https://www.roibusinessservices.com/blog.php?id=589 Current tax law allows generous deductions for buying new and used business vehicles. But there are some important limitations and exceptions that you should review before making a purchase. Tue, 04 Aug 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=589 Telehealth and Self-Insured Health Plans During COVID-19 https://www.roibusinessservices.com/blog.php?id=588 Telehealth and Self-Insured Health Plans During COVID-19 Wed, 29 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=588 Take advantage of a \"stepped-up basis\" when you inherit property https://www.roibusinessservices.com/blog.php?id=585 If youâ??ve inherited assets or youâ??re planning your estate, itâ??s crucial to understand the fair market value basis rules (also known as the â??step-up and step-downâ? rules). That way, you wonâ??t pay more tax than youâ??re legally required to. Wed, 29 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=585 Reopening concepts: What business owners should consider https://www.roibusinessservices.com/blog.php?id=586 Is your business ready to reopen or expand its operations under local COVID-19-related guidelines? Youâ??ll face difficult decisions but may also encounter practical opportunities. Wed, 29 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=586 Midyear Tax Planning Ideas for Individuals https://www.roibusinessservices.com/blog.php?id=587 What can you do today to possibly lower your federal income tax obligations for 2020? Wed, 29 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=587 Are scholarships tax-free or taxable? https://www.roibusinessservices.com/blog.php?id=584 Scholarships are generally tax-free but there are times when academic awards result in taxable income. Wed, 29 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=584 Does your business have a unique selling proposition? https://www.roibusinessservices.com/blog.php?id=583 Every business owner needs to ensure his or her company stands out from the competition. A unique selling proposition enables you to put this distinction into words. Mon, 20 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=583 Conduct a \"paycheck checkup\" to make sure your withholding is adequate https://www.roibusinessservices.com/blog.php?id=582 If you are having trouble viewing this email, view it online Thomson Reuters Checkpoint® CHECKPOINT® MARKETING FOR FIRMS INDIVIDUAL TAX BRIEF FOR JULY 14 Dear Julie : Below are the text elements of this weekâ??s Individual Tax Brief. A link to a .JPG file of an image is also provided below and you can use it to accompany the full text and/or any of the posts. (The image can be used only with this content; it cannot be used for any other purposes.) â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ FULL ARTICLE: Conduct a â??paycheck checkupâ? to make sure your withholding is adequate Did you recently file your federal tax return and were surprised to find you owed money? You might want to change your withholding so that this doesnâ??t happen next year. You might even want to do that if you got a big refund. Receiving a tax refund essentially means youâ??re giving the government an interest-free loan. Withholding changes In 2018, the IRS updated the withholding tables that indicate how much employers should hold back from their employeesâ?? paychecks. In general, the amount withheld was reduced. This was done to reflect changes under the Tax Cuts and Jobs Act â?? including an increase in the standard deduction, suspension of personal exemptions and changes in tax rates. The tables may have provided the correct amount of tax withholding for some individuals, but they might have caused other taxpayers to not have enough money withheld to pay their ultimate tax liabilities. Review and possibly adjust The IRS is advising taxpayers to review their tax situations for this year and adjust withholding, if appropriate. The tax agency has a withholding calculator to assist you in conducting a paycheck checkup. The calculator reflects tax law changes in areas such as available itemized deductions, the increased child credit, the new dependent credit and the repeal of dependent exemptions. You can access the IRS calculator here: https://bit.ly/2OqnUod. Changes may be needed ifâ?¦ There are some situations when you should check your withholding. In addition to tax law changes, the IRS recommends that you perform a checkup if you: Adjusted your withholding in 2019, especially in the middle or later part of the year, Owed additional tax when you filed your 2019 return, Received a refund that was smaller or larger than expected, Got married or divorced, had a child or adopted one, Purchased a home, or Had changes in income. You can modify your withholding at any time during the year, or even multiple times within a year. To do so, you simply submit a new Form W-4 to your employer. Changes typically go into effect several weeks after a new Form W-4 is submitted. (For estimated tax payments, you can make adjustments each time quarterly estimated payments are due. The next payments are due on July 15 and September 15.) Good time to plan ahead Thereâ??s still time to remedy any shortfalls to minimize taxes due for 2020, as well as any penalties and interest. Contact us if you have any questions or need assistance. We can help you determine if you need to adjust your withholding. © 2020 LINKEDIN/FACEBOOK IMAGE POST (STAND-ALONE POST TO USE WITHOUT A LINK): Did you recently file your tax return and receive a refund that was smaller than you were expecting? Or did you wind up owing additional tax when you filed your return? That might mean itâ??s time to check and adjust your withholding. This might be necessary due to changes in the Tax Cuts and Jobs Act or because something in your situation is different this year (for example, you got married, divorced, purchased a home or had changes in your income). The IRS has a withholding calculator where you can perform a paycheck checkup. You can access the calculator at https://bit.ly/2OqnUod. Contact us if you need help determining whether you should adjust your 2020 withholding. LINKEDIN/FACEBOOK LINK POST (TO USE WITH A LINK TO THE FULL ARTICLE): A big tax bill or a large refund may mean you donâ??t have the correct amount of tax withheld from your paycheck. Hereâ??s how to avoid this next year. Thu, 16 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=582 6 key IT questions to ask in the new normal https://www.roibusinessservices.com/blog.php?id=581 The COVID-19 crisis has made business technology more important than ever. Here are six insightful questions to ask about your companyâ??s IT strategy. Wed, 08 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=581 After you file your tax return: 3 issues to consider https://www.roibusinessservices.com/blog.php?id=579 Once your 2019 tax return has been filed, there still may be some issues to consider. Tue, 07 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=579 A Good Time for Making Tax-Smart Family Loans https://www.roibusinessservices.com/blog.php?id=580 Here's an overview of the tax rules that apply to family loans and why they make sense given today's low interest rates and generous unified federal gift and estate tax exemption Tue, 07 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=580 Some people are required to return Economic Impact Payments that were sent erroneously https://www.roibusinessservices.com/blog.php?id=575 If you are having trouble viewing this email, view it online Thomson Reuters Checkpoint® CHECKPOINT® MARKETING FOR FIRMS INDIVIDUAL TAX BRIEF FOR JUNE 30 Dear Julie : Below are the text elements of this weekâ??s Individual Tax Brief. A link to a .JPG file of an image is also provided below and you can use it to accompany the full text and/or any of the posts. (The image can be used only with this content; it cannot be used for any other purposes.) â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ FULL ARTICLE: Some people are required to return Economic Impact Payments that were sent erroneously The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals in response to the economic threats caused by COVID-19. The U.S. Government Accountability Office (GAO) reports that $269.3 billion of EIPs have already been sent through a combination of electronic transfers to bank accounts, paper checks and prepaid debit cards. Eligible individuals receive $1,200 or $2,400 for a married couple filing a joint return. Individuals may also receive up to an additional $500 for each qualifying child. Those with adjusted gross income over a threshold receive a reduced amount. Deceased individuals However, the IRS says some payments were sent erroneously and should be returned. For example, the tax agency says an EIP made to someone who died before receipt of the payment should be returned. Instructions for returning the payment can be found here: https://bit.ly/31ioZ8W The entire EIP should be returned unless it was made to joint filers and one spouse hadnâ??t died before receipt. In that case, you only need to return the EIP portion made to the decedent. This amount is $1,200 unless your adjusted gross income exceeded $150,000. If you cannot deposit the payment because it was issued to both spouses and one spouse is deceased, return the check as described in the link above. Once the IRS receives and processes your returned payment, an EIP will be reissued. The GAO report states that almost 1.1 million payments totaling nearly $1.4 billion had been sent to deceased individuals, as of April 30, 2020. However, these figures donâ??t â??reflect returned checks or rejected direct deposits, the amount of which IRS and the Treasury are still determining.â? In addition, the IRS states that EIPs sent to incarcerated individuals should be returned. Payments that donâ??t have to be returned The IRS notes on its website that some people receiving an erroneous payment donâ??t have to return it. For example, if a childâ??s parents who arenâ??t married to each other both get an additional $500 for the same qualifying child, one of them isnâ??t required to pay it back. But each parent should keep Notice 1444, which the IRS will mail to them within 15 days after the EIP is made, with their 2020 tax records. Some individuals still waiting Be aware that the government is still sending out EIPs. If you believe youâ??re eligible for one but havenâ??t received it, you will be able to claim your payment when you file your 2020 tax return. If you need the payment sooner, you can call the IRS EIP line at 800-919-9835 but the Treasury Department notes that â??call volumes are high, so call times may be longer than anticipated.â? © 2020 LINKEDIN/FACEBOOK IMAGE POST (STAND-ALONE POST TO USE WITHOUT A LINK): Economic Impact Payments (EIPs) are being sent to eligible individuals in response to the financial impact caused by COVID-19. However, the IRS says some payments were sent erroneously and should be returned. For example, an EIP made to someone who died before receipt of the payment should be returned. The entire EIP should be returned unless it was made to joint filers and one spouse hadnâ??t died before receipt. In that case, you only need to return the EIP portion made to the decedent. This amount is $1,200 unless your adjusted gross income exceeded $150,000. Instructions for returning the payment can be found here: https://bit.ly/31ioZ8W. LINKEDIN/FACEBOOK LINK POST (TO USE WITH A LINK TO THE FULL ARTICLE): Millions of people have already received their Economic Impact Payments, which are being sent by the government to help mitigate the effects of COVID-19. In some cases, the payments should be returned. Wed, 01 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=575 If you\'re selling your home, don\'t forget about taxes https://www.roibusinessservices.com/blog.php?id=576 Despite a slowdown in real estate sales this spring, many people are still selling their principal residences Wed, 01 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=576 Assessing productivity as you cope with the pandemic https://www.roibusinessservices.com/blog.php?id=577 Have you considered how your business should measure employee productivity during the pandemic? Itâ??s a tricky question that warrants a thoughtful approach. Wed, 01 Jul 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=577 What qualifies as a \"coronavirus-related distribution\" from a retirement plan? https://www.roibusinessservices.com/blog.php?id=570 If you need money due to COVID-19, you may be able to take a tax-free â??coronavirus-related distributionâ? from a retirement plan. Thu, 25 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=570 SBA reopens EIDL program to small businesses and nonprofits https://www.roibusinessservices.com/blog.php?id=569 The SBA has reopened its Economic Injury Disaster Loan (EIDL) and EIDL Advance program. Thu, 25 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=569 Re-evaluate your company\'s competitiveness in a changed economy https://www.roibusinessservices.com/blog.php?id=572 The economic slowdown caused by COVID-19 is shifting the competitive landscape in many industries. Business owners need to determine where they stand. Thu, 25 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=572 PPP Forgiveness Computation https://www.roibusinessservices.com/blog.php?id=574 Thu, 25 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=574 Infographic: How businesses can qualify for the Fed's new Main Street Lending Program. https://www.roibusinessservices.com/blog.php?id=571 How businesses can qualify for the Fedâ??s new Main Street Lending Program. Thu, 25 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=571 You are invited to a ZOOM Webinar on the PPP loan https://www.roibusinessservices.com/blog.php?id=568 Register for our PPP Forgiveness Computation webinar Tue, 23 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=568 PPP Flexibility Act eases rules for borrowers coping with COVID-19 https://www.roibusinessservices.com/blog.php?id=566 Has your business applied for a PPP loan or already acquired funds from this program? If so, the recently passed PPP Flexibility Act has made important changes to the rules. Mon, 15 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=566 Cash Management Tips for Small Businesses https://www.roibusinessservices.com/blog.php?id=567 Cash Management Tips for Small Businesses Mon, 15 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=567 Seniors: Can you deduct Medicare premiums? https://www.roibusinessservices.com/blog.php?id=564 If you have medical expenses and you pay Medicare premiums, you know it can be expensive to get the coverage you want. But if you qualify, you can deduct the cost of premiums, along with other medical expenses, on your tax return Tue, 09 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=564 Bill that Provides More PPP Flexibility Is Signed into Law https://www.roibusinessservices.com/blog.php?id=565 President Trump has signed the Paycheck Protection Program (PPP) Flexibility Act, which provides businesses and employers with more flexibility in the loan program. Tue, 09 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=565 Plan for Employee Safety as Employees Return to Work https://www.roibusinessservices.com/blog.php?id=563 Slowly but surely, some businesses that were closed, due to the novel coronavirus (COVID-19) pandemic, have reopened, at least partially Fri, 05 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=563 Is it Time to Reopen Your Business?10 Questions to Ask Yourself https://www.roibusinessservices.com/blog.php?id=561 Is it Time to Reopen Your Business? 10 Questions to Ask Yourself Fri, 05 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=561 College Costs: How to Maximize Your Return on Investment https://www.roibusinessservices.com/blog.php?id=562 College Costs: How to Maximize Your Return on Investment Fri, 05 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=562 A nonworking spouse can still have an IRA https://www.roibusinessservices.com/blog.php?id=560 A nonworking spouse can still have an IRA Tue, 02 Jun 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=560 Using a Valuation Expert to Help with Chapter 11 Bankruptcy https://www.roibusinessservices.com/blog.php?id=559 how a business valuation can help during the reorganization process. Fri, 29 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=559 Using a Valuation Expert to Help with Chapter 11 Bankruptcy https://www.roibusinessservices.com/blog.php?id=558 how a business valuation can help during the reorganization process. Fri, 29 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=558 Businesses revise sales compensation models during pandemic https://www.roibusinessservices.com/blog.php?id=556 Businesses revise sales compensation models during pandemic Thu, 28 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=556 Student loan interest: Can you deduct it on your tax return? https://www.roibusinessservices.com/blog.php?id=555 Student loan interest: Can you deduct it on your tax return? Wed, 27 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=555 Working from Home? Make the Most of the Opportunity https://www.roibusinessservices.com/blog.php?id=554 Working from Home? Make the Most of the Opportunity Wed, 20 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=554 Can Your Business Survive and Even Thrive in These Trying Times? https://www.roibusinessservices.com/blog.php?id=553 Can Your Business Survive and Even Thrive in These Trying Times Wed, 20 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=553 Attuning your social media strategy to the pandemic https://www.roibusinessservices.com/blog.php?id=552 Attuning your social media strategy to the pandemic Wed, 20 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=552 Did you get an Economic Impact Payment that was less than you expected? https://www.roibusinessservices.com/blog.php?id=551 Economic Impact Payment Tue, 19 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=551 CARES Act tax breaks to help retail businesses infographic. https://www.roibusinessservices.com/blog.php?id=550 CARES Act tax breaks to help retail businesses infographic. Mon, 18 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=550 How to succeed at virtual team building https://www.roibusinessservices.com/blog.php?id=549 virtual team-building tips for business Thu, 14 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=549 There\'s still time to make a deductible IRA contribution for 2019 https://www.roibusinessservices.com/blog.php?id=548 Itâ??s not too late to make 2019 IRA contributions Tue, 12 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=548 Where Does Forensic Accounting Come From -- and Where Is It Going? https://www.roibusinessservices.com/blog.php?id=547 Forensic accountants are engaged to conduct fraud investigations, audit internal controls and quantify damages associated with legal disputes, among other tasks. Wed, 06 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=547 Subchapter V: A silver lining for small businesses mulling bankruptcy https://www.roibusinessservices.com/blog.php?id=543 The newly created Subchapter V of the U.S. bankruptcy code may offer a ray of hope for some companies. Wed, 06 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=543 Make a Lasting Charitable Gift with a CRT https://www.roibusinessservices.com/blog.php?id=546 One option for making a lasting gift is with a charitable remainder trust. Wed, 06 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=546 Do you have tax questions related to COVID-19? Here are some answers https://www.roibusinessservices.com/blog.php?id=544 Health issues are of utmost concern but you may also have many financial questions. Wed, 06 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=544 Businesses: Think about Tomorrow When Hunkering Down Today https://www.roibusinessservices.com/blog.php?id=545 The steps you take now regarding your workforce â?? such as possible cutbacks and communicating with laid off or furloughed workers â?? could determine how well and how quickly your company is able to bounce back when the time comes. Wed, 06 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=545 PPP loan forgiveness details, business provisions, and EIDL Update https://www.roibusinessservices.com/blog.php?id=542 Mon, 04 May 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=542 What are the key distinctions between layoffs and furloughs? https://www.roibusinessservices.com/blog.php?id=540 COVID-19 has forced many business owners to re-evaluate the size of their workforces. The choice between layoffs and furloughs brings up a variety of compliance issues. Wed, 29 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=540 IRS extends some (but not all) employee benefit plan deadlines https://www.roibusinessservices.com/blog.php?id=541 Youâ??ve probably heard that the IRS has extended many tax filing and payment deadlines. But, as a business owner, do you know how these extensions affect your employee benefit plans? Wed, 29 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=541 IRA account value down? It might be a good time for a Roth conversion https://www.roibusinessservices.com/blog.php?id=539 Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA. Wed, 29 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=539 Adjust your expectations of business interruption coverage https://www.roibusinessservices.com/blog.php?id=538 Business interruption insurance may seem like an ideal risk management measure to deploy during the COVID-19 crisis. But many business owners are likely facing an uphill battle when seeking payouts. Wed, 29 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=538 Stay Afloat with Tax-Favored Coronavirus-Related Distributions https://www.roibusinessservices.com/blog.php?id=537 The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides financial relief for people who are experiencing hardship due to the coronavirus (COVID-19) pandemic. Tue, 21 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=537 COVID-19 Relief: New Rules for Deducting Charitable Contributions https://www.roibusinessservices.com/blog.php?id=536 The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains provisions that encourage charitable giving. Tue, 21 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=536 Answers to questions you may have about Economic Impact Payments https://www.roibusinessservices.com/blog.php?id=535 As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. Thereâ??s also a new tool to check the status of your EIP. Tue, 21 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=535 Multidimensional Staffing: Orchestrate the Perfect Symphony https://www.roibusinessservices.com/blog.php?id=534 Multidimensional Staffing: Orchestrate the Perfect Symphony Tue, 14 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=534 FAQs on New Paycheck Protection Program https://www.roibusinessservices.com/blog.php?id=532 FAQs on New Paycheck Protection Program Tue, 14 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=532 COVID-19: IRS announces more relief and details https://www.roibusinessservices.com/blog.php?id=530 Expecting an Economic Impact Payment from the IRS? The tax agency has made a few new announcements about the financial relief the government is providing. Tue, 14 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=530 Budget Better with the 50-20-30 Approach https://www.roibusinessservices.com/blog.php?id=533 Budget Better with the 50-20-30 Approach Tue, 14 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=533 401(k) Contributions: Employers Should Keep Calm but Know the Option https://www.roibusinessservices.com/blog.php?id=531 401(k) Contributions: Employers Should Keep Calm but Know the Option Tue, 14 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=531 Using your financial statements during an economic crisis https://www.roibusinessservices.com/blog.php?id=529 Are you searching for answers on how to guide your business through this difficult time of coronavirus (COVID-19) challenges? Your financial statements can help. Wed, 08 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=529 Just launched: The SBA's Paycheck Protection Program https://www.roibusinessservices.com/blog.php?id=528 Retaining employees and maintaining payroll has become difficult for many small businesses across the country. The SBA's Payroll Protection Program offers relief for some. Wed, 08 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=528 CARES ACT changes retirement plan and charitable contribution rules https://www.roibusinessservices.com/blog.php?id=527 During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions. Wed, 08 Apr 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=527 How to Manage COVID-19-Related Business Risks https://www.roibusinessservices.com/blog.php?id=525 How to Manage COVID-19-Related Business Risks Tue, 31 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=525 Cash payments and tax relief for individuals in new law https://www.roibusinessservices.com/blog.php?id=524 cash payments the government is sending out due to the coronavirus (COVID-19) pandemic Tue, 31 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=524 Can Telemedicine Help Tame Health Benefit Cost Inflation? https://www.roibusinessservices.com/blog.php?id=526 Can Telemedicine Help Tame Health Benefit Cost Inflation? Tue, 31 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=526 Covid-19 Federal Emergency Bills: Critical Business Decisions https://www.roibusinessservices.com/blog.php?id=523 Covid-19 Federal Emergency Bills: Critical Business Decisions Fri, 27 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=523 COVID-19 RESPONSE LEGISLATION RESOURCES https://www.roibusinessservices.com/blog.php?id=522 COVID-19 RESPONSE LEGISLATION RESOURCES Thu, 26 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=522 SBA offering loans to small businesses hit hard by COVID-19 https://www.roibusinessservices.com/blog.php?id=519 The coronavirus (COVID-19) has pushed many small businesses to the brink. If youâ??re struggling, consider a new SBA loan launched specifically because of the outbreak. Wed, 25 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=519 Explore Estate Planning Alternatives to Stretch IRAs https://www.roibusinessservices.com/blog.php?id=521 Recent changes to the tax law have diminished the tax-saving potency of stretch-IRAs. But there are still other tax-smart ways to transfer wealth to your loved ones. Wed, 25 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=521 COVID-19 Pandemic Poses Complex HR Policy Questions https://www.roibusinessservices.com/blog.php?id=520 COVID-19 Pandemic Poses Complex HR Policy Questions Wed, 25 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=520 Why you should keep life insurance out of your estate https://www.roibusinessservices.com/blog.php?id=516 You bought life insurance to protect your family or other beneficiaries. Hereâ??s how to avoid having the benefits be subject to federal estate tax Wed, 18 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=516 The difference between a mission statement and a vision statement https://www.roibusinessservices.com/blog.php?id=517 Creating a mission statement and a vision statement may not be a â??must doâ? for every business, but itâ??s an often-useful strategic planning task worth considering. Wed, 18 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=517 COVID-19 Response: Three Developments from Washington https://www.roibusinessservices.com/blog.php?id=518 COVID-19 Response: Three Developments from Washington Wed, 18 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=518 Dear ROI clients and partners, "As the COVID-19 pandemic escalates, both accounting firms and their clients are facing emergency planning issues. Staffing, work deadlines, travel, sales, and supply chains are all being impacted. https://www.roibusinessservices.com/blog.php?id=514 ...Two of the most pressing issues are protecting the health of employees and preserving business continuity." AICPA Fri, 13 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=514 The 2019 gift tax return deadline is coming up https://www.roibusinessservices.com/blog.php?id=509 April 15 isn't only the income tax return deadline. It's also the gift tax return deadline for people who made large gifts last year. Wed, 11 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=509 Marketing is a game of adjustments https://www.roibusinessservices.com/blog.php?id=511 Could your marketing strategy use some recalibration? Keep it tuned up with an eye on profitability and smart pricing. Wed, 11 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=511 How's your buy-sell agreement doing these days? https://www.roibusinessservices.com/blog.php?id=510 Life comes at you fast, and so can business ownership changes. If your company has multiple owners, be sure to establish a buy-sell agreement and revisit it regularly. Wed, 11 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=510 Consider Taxes When Dividing Up Retirement Accounts in Divorce https://www.roibusinessservices.com/blog.php?id=512 Getting divorced is a major financial transaction that can have negative tax consequences, Wed, 11 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=512 7 Valuable Tax Credits for Small Businesses https://www.roibusinessservices.com/blog.php?id=513 7 Valuable Tax Credits for Small Businesses Wed, 11 Mar 2020 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=513 Should You Extend Your 2019 Tax Return? https://www.roibusinessservices.com/blog.php?id=507 Should You Extend Your 2019 Tax Return Tue, 03 Mar 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=507 Ideas to Lower Your Taxes for 2019 https://www.roibusinessservices.com/blog.php?id=508 Ideas to Lower Your Taxes for 2019 Tue, 03 Mar 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=508 Home is where the tax breaks might be https://www.roibusinessservices.com/blog.php?id=506 Buying a home and want to know how much of a tax break youâ??ll get for paying mortgage interest? Here are the rules. Tue, 03 Mar 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=506 Give your 401(k) plan a checkup at least once a year https://www.roibusinessservices.com/blog.php?id=504 The health and well-being of your 401(k) plan calls for regular attention and care. Thu, 27 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=504 Deducting Medical Expenses for 2019 and Beyond https://www.roibusinessservices.com/blog.php?id=505 Deducting Medical Expenses Thu, 27 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=505 The tax aspects of selling mutual fund shares https://www.roibusinessservices.com/blog.php?id=503 There are many complex facets involved in selling mutual fund shares. Hereâ??s a rundown. There are many complex facets involved in selling mutual fund shares. Hereâ??s a rundown. Tue, 25 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=503 Tax credits may help with the high cost of raising children https://www.roibusinessservices.com/blog.php?id=501 The child tax credit is more valuable than it was a few years ago. In addition, more taxpayers are able to benefit from it. Here are the rules. Tue, 25 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=501 Getting help with a business interruption insurance claim https://www.roibusinessservices.com/blog.php?id=502 Business interruption insurance may be a smart purchase for your company, but making a claim isnâ??t always easy. We can help. Tue, 25 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=502 Reasons why married couples might want to file separate tax returns https://www.roibusinessservices.com/blog.php?id=500 In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option. Wed, 19 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=500 Digital documents with e-signatures aren\'t going away https://www.roibusinessservices.com/blog.php?id=499 Youâ??ve probably had to electronically sign for something in the past few months. Are you offering this convenience to your customers? Wed, 19 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=499 How to make the most of your multigenerational workforce https://www.roibusinessservices.com/blog.php?id=498 Donâ??t fall for age-based stereotypes or let generational differences limit what your company can accomplish. Thu, 13 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=498 There still might be time to cut your tax bill with IRAs https://www.roibusinessservices.com/blog.php?id=493 If youâ??re eligible, you still have time to contribute to an IRA, Roth IRA or SEP and benefit on your 2019 tax return. Tue, 04 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=493 Stretch your marketing dollars further with smart strategies https://www.roibusinessservices.com/blog.php?id=497 Thomson Reuters Checkpointâ?¢ CHECKPOINT® MARKETING FOR FIRMS BUSINESS BRIEF FOR DECEMBER 18 Dear Julie : Below are the text elements of this weekâ??s Business Brief. A link to a .JPG file of an image is also provided below and you can use it to accompany the full text and/or any of the posts. (The image can be used only with this content; it cannot be used for any other purposes.) â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ FULL ARTICLE: Stretch your marketing dollars further with smart strategies If your marketing budget is limited, there may be ways to make that money go further. Smart strategies abound for small to midsize businesses. Letâ??s look at a few ideas for stretching your marketing dollars a bit further. Check out the big guys Look to larger companies for ideas on how to improve and amp up your marketing tactics. Big businesses use many different types of campaigns and sometimes their big-budget approaches can be distilled down to lower-cost alternatives. Think of it as a â??competitive intelligenceâ? effort with the emphasis more on â??intelligenceâ? than â??competitive.â? Maybe you canâ??t develop an app with a robust rewards system like coffee giant Starbucks. But you could still come up with a loyalty reward campaign using punch cards or some other mechanism. Think local If your company is one that depends on local customers or clients, make sure youâ??re doing everything possible to target that audience. Get hyperlocal! This approach tends to be particularly well-suited to businesses that rely on foot traffic, but it can work for any company capable of leveraging the distinctive aspects of its local community. Donâ??t neglect the value of location-driven advertising, such as signage on vehicles that travel locally. Increase your presence on social media apps or pages focused on local communities. You may not want to blatantly advertise there, but you could participate in discussions, answer questions, and respond quickly to complaints or misinformation. Go guerilla This is perhaps the most creative way to engage in low-cost marketing efforts. In short, guerilla marketing is putting your companyâ??s brand in the public eye in an unconventional way. It doesnâ??t always work but, when it does, people will recognize and remember you for quite a while. One example is using vacant space, generally in urban areas, to put up marketing â??graffiti.â? (Obviously weâ??re talking about doing so legally.) You might engage a budding art student to create an eye-catching display featuring your logo and perhaps one of your products to draw attention. There are also ways to execute digital guerilla marketing, such as creating a viral video or humorous social media account. Just be careful: such campaigns can often misfire and result in embarrassing public relations incidents. Get plenty of outside advice, including legal counsel. Try some variety Many businesses get so focused on one marketing approach that they miss out on many other ways to attract the attention of new customers and maintain visibility among existing ones. Remember, variety is the spice of life â?? and it may not be as expensive as you think. We can assist you in assessing the potential costs and likely success of any marketing effort youâ??re considering. © 2019 LINKEDIN/FACEBOOK IMAGE POST (STAND-ALONE POST WITHOUT LINK): If your marketing budget is limited, there may be ways to stretch that money further. For example, you could engage in some competitive intelligence and research the marketing campaigns of larger companies. Sometimes their big-budget approaches can be distilled down to lower-cost alternatives. You might also get hyperlocal and engage more actively with your community, such as displaying signage on vehicles or contributing to a locally-focused social media page. Last, look carefully into guerilla marketing: putting your companyâ??s brand in the public eye in an unconventional way. Examples include (legal) graffiti art and viral videos. Contact us for help assessing costs and feasibility. LINKEDIN/FACEBOOK LINK POST (TO USE WITH A LINK TO THE FULL ARTICLE): Getting your marketing budget to go as far as possible isnâ??t easy when youâ??re trying to keep up with payroll and control expenses. Tue, 04 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=497 Look closely at your company\'s concentration risks https://www.roibusinessservices.com/blog.php?id=494 Having a company with â??high concentrationâ? might sound like a positive thing, but it could be a major risk to your bottom line. Tue, 04 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=494 Answers to your questions about 2020 individual tax limits https://www.roibusinessservices.com/blog.php?id=495 Not all tax figures are annually adjusted for inflation or change due to legislation. Tue, 04 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=495 3 best practices for achieving organic sales growth https://www.roibusinessservices.com/blog.php?id=496 You may associate the word â??organicâ? with fruits and vegetables, but it applies to your companyâ??s sales as well. Here are some best practices for growing the numbers. Tue, 04 Feb 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=496 Important Tax Figures for 2020 https://www.roibusinessservices.com/blog.php?id=492 Important Tax Figures for 2020 Thu, 30 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=492 Cost management: A budget's best friend https://www.roibusinessservices.com/blog.php?id=491 Business Owners, Fight back with cost management. Tue, 28 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=491 What Employers Should Know About the SECURE Act https://www.roibusinessservices.com/blog.php?id=487 What Employers Should Know About the SECURE Act Wed, 22 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=487 SECURE Act Affects Retirement and Tax Planning for Individuals https://www.roibusinessservices.com/blog.php?id=488 SECURE Act Affects Retirement and Tax Planning for Individuals Wed, 22 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=488 Got Debt? Tips to Improve Your Financial Situation https://www.roibusinessservices.com/blog.php?id=490 Got Debt? Tips to Improve Your Financial Situation Wed, 22 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=490 Can you deduct charitable gifts on your tax return? https://www.roibusinessservices.com/blog.php?id=486 You may assume that if you make a charitable contribution to an eligible organization, youâ??ll receive a tax break for it. That may not be the case anymore. Wed, 22 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=486 Landlords need to include these rental-related payments in their gross income. https://www.roibusinessservices.com/blog.php?id=485 Landlords need to include these rental-related payments in their gross income. Mon, 20 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=485 Help protect your personal information by filing your 2019 tax return early https://www.roibusinessservices.com/blog.php?id=484 Be an early-bird tax return filer this year. It may protect you from tax identity theft. Hereâ??s why. Be an early-bird tax return filer this year. It may protect you from tax identity theft. Wed, 15 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=484 How business owners and execs can stay connected with staff https://www.roibusinessservices.com/blog.php?id=482 Business owners and execs can too easily lose sight of the company full of employees around them. Here are some simple ways to stay in touch. Wed, 08 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=482 4 new law changes that may affect your retirement plan https://www.roibusinessservices.com/blog.php?id=483 A new law might provide you with tax-saving opportunities related to your IRA or retirement plan. Wed, 08 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=483 Do you have a side gig? Make sure you understand your tax obligations https://www.roibusinessservices.com/blog.php?id=481 These days, many people have side â??gigsâ? to earn extra money. Find out more about the tax consequences of taking on these jobs. Thu, 02 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=481 Congress gives a holiday gift in the form of favorable tax provisions https://www.roibusinessservices.com/blog.php?id=480 Just in time for the holidays: A new law has been passed that may provide tax savings to you. Thu, 02 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=480 5 ways to strengthen your business for the new year https://www.roibusinessservices.com/blog.php?id=479 These actions will help you make your company stronger for 2020. Thu, 02 Jan 2020 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=479 What Is Your Investment IQ? https://www.roibusinessservices.com/blog.php?id=478 Investing in the financial markets is now part of everyday life. Yet, many Americans remain in the dark about investment products and how they work. This article presents questions on topics that you should have at least a basic knowledge of, and the answers. To see how much you really know, continue reading. Thu, 26 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=478 Should You Pay Down Your Home Mortgage Early? https://www.roibusinessservices.com/blog.php?id=476 Guaranteed investment strategies can be hard to find given today's low interest rates and volatile stock prices. If you have extra cash on hand that you're looking to invest, a safe bet might be right under your nose â?? making accelerated home mortgage payments. Here's how this strategy can add up, along with a potential drawback to factor into your decision. Thu, 26 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=476 Should You Pay Down Your Home Mortgage Early? https://www.roibusinessservices.com/blog.php?id=475 Guaranteed investment strategies can be hard to find given today's low interest rates and volatile stock prices. If you have extra cash on hand that you're looking to invest, a safe bet might be right under your nose â?? making accelerated home mortgage payments. Here's how this strategy can add up, along with a potential drawback to factor into your decision. Thu, 26 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=475 New Spending Law Contains Holiday Surprises https://www.roibusinessservices.com/blog.php?id=474 Just in time for the holidays, Congress has passed legislation that will affect businesses and individual taxpayers. In addition to keeping the government running through fiscal year 2020, the recently enacted spending package extends several expiring tax breaks, repeals some Affordable Care Act taxes and facilitates retirement savings. Here are the details on certain key provisions of the new law. Thu, 26 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=474 FAQs about Home Office Deductions https://www.roibusinessservices.com/blog.php?id=477 Many taxpayers are unclear about the rules for deducting home office expenses under current tax law. While employees may no longer deduct unreimbursed business expenses through 2026, many self-employed individuals still may be eligible for a home office deduction. Here are the rules under the Tax Cuts and Jobs Act, including a few tricks to help you maximize your deduction. Thu, 26 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=477 Tied Down to Your 401(k) Plan's Cost? Discover the Alternatives https://www.roibusinessservices.com/blog.php?id=470 Are you worried about your company becoming hemmed in by funding obligations to your 401(k) plan? There might be a way to give yourself much more flexibility and avoid being forced into a cash squeeze. Here's how it could work. Fri, 20 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=470 Should You Pay Down Your Home Mortgage Early? https://www.roibusinessservices.com/blog.php?id=472 Guaranteed investment strategies can be hard to find given today's low interest rates and volatile stock prices. If you have extra cash on hand that you're looking to invest, a safe bet might be right under your nose â?? making accelerated home mortgage payments. Here's how this strategy can add up, along with a potential drawback to factor into your decision. Fri, 20 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=472 How Manufacturers Can Improve the Customer Experience https://www.roibusinessservices.com/blog.php?id=473 Keep the customer happy. That's always been a wise business axiom, but it's particularly significant in today's hypercompetitive market. This article explores what it means to be a customer-first company and recommends simple steps that can help manufacturers refocus on customer needs. Fri, 20 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=473 Consider a Returnship Program as a Source of Untapped Business Talent https://www.roibusinessservices.com/blog.php?id=471 Not a gambler when it comes to hiring? The decade-old "returnship" concept is gathering steam in this low-unemployment environment. This might be a useful tool to hedge your bets when bringing on one type of new employee: Someone who has been out of the workforce for a few years. Fri, 20 Dec 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=471 Creating a Budget When Income is Irregular https://www.roibusinessservices.com/blog.php?id=469 If you're self-employed, have a side gig or work on commission, your fluctuating income can make it difficult to create a monthly budget. Thu, 19 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=469 6 Great Reasons to Implement a Workplace Wellness Plan https://www.roibusinessservices.com/blog.php?id=468 Creating a wellness program for your workforce is neither cheap nor easy. But the good news is, the benefits to your company as well as your workers will generally far exceed the cost. Thu, 19 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=468 Uncle Sam may provide relief from college costs on your tax return https://www.roibusinessservices.com/blog.php?id=465 Want to offset the high cost of college? There may be a federal tax credit for higher education costs that you can claim. Here are the basic details Wed, 18 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=465 Tax Implications of Refinancing Your Home https://www.roibusinessservices.com/blog.php?id=466 Refinancing your home mortgage can affect your taxes if you itemize deductions. Wed, 18 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=466 How to research a business customer's creditworthiness https://www.roibusinessservices.com/blog.php?id=464 Business customers may appreciate your allowing them to buy on credit. But you wonâ??t appreciate being left holding the bag if they canâ??t keep up with their payments. Here are a few ways to manage the risk. Wed, 18 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=464 Five Rules That Open the Gates https://www.roibusinessservices.com/blog.php?id=467 The way to improve the odds of success is to learn and follow the five "Rules of Qualification." Wed, 18 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=467 Tax Implications of Refinancing Your Home https://www.roibusinessservices.com/blog.php?id=462 home refinancing Tue, 17 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=462 Should You Expand Your Product Line? https://www.roibusinessservices.com/blog.php?id=463 With global competition ramping up, the manufacturing market is becoming more crowded and less certain by the hour. So, even if a product line is successful now, manufacturers can't expect to offer the same goods indefinitely and remain profitable. This article provides four reasons to consider product expansion. Tue, 17 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=463 For best results, start your strategic planning early https://www.roibusinessservices.com/blog.php?id=461 Business owners shouldnâ??t wait until next year to start strategic planning. Begin this important effort now. Tue, 17 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=461 Getting a divorce? There are tax issues you need to understand https://www.roibusinessservices.com/blog.php?id=460 Getting a divorce can be a painful process. You donâ??t want to make it worse by making decisions that will cost you more in taxes. Here are four issues to consider if youâ??re in the process of getting a divorce. Wed, 11 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=460 Your HR Department Should Be as Well-Oiled as Your Machinery https://www.roibusinessservices.com/blog.php?id=459 An efficient human resources department enables a manufacturing company to run on all cylinders. Wed, 04 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=459 Tips for Picking the Right Nursing Home Facility https://www.roibusinessservices.com/blog.php?id=458 Nearly 1.3 million Americans live in nursing homes. When it comes to finding an extended nursing care facility for your loved one, you'll want to do extensive research Wed, 04 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=458 The next estimated tax deadline is September 16: Do you have to make a payment? https://www.roibusinessservices.com/blog.php?id=456 The third estimated tax payment deadline is coming up. Here are the details of when it is and whether youâ??re required to make a payment. Wed, 04 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=456 Putting together the succession planning and retirement planning puzzle https://www.roibusinessservices.com/blog.php?id=455 Retirement planning can be puzzling enough, but business owners need to create a succession plan, too. Some ideas on getting the two to fit. Wed, 04 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=455 Claiming Your Parent as a Dependent https://www.roibusinessservices.com/blog.php?id=457 If you provide financial support for a parent, you might qualify for some well-deserved tax breaks. Wed, 04 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=457 To Capitalize or Expense: How to Treat Website Costs for Tax Purposes https://www.roibusinessservices.com/blog.php?id=454 Virtually every business has a website today. It might be used to provide information about products and services, serve as a distribution channel, and/or attract new customers and prospective employees. Mon, 02 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=454 Digital Addiction in the Workplace: What Employers Need to Know https://www.roibusinessservices.com/blog.php?id=453 "Digital addiction" is more than just spending too much time on devices. The condition is a potential disability with serious negative consequences in the workplace. Mon, 02 Sep 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=453 Some business owners can\'t participate in their own companies\' HRAs https://www.roibusinessservices.com/blog.php?id=450 Did you know that business owners arenâ??t always eligible to participate in the Health Reimbursement Arrangements available to their own employees? Wed, 28 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=450 Expenses that teachers can and can\'t deduct on their tax returns https://www.roibusinessservices.com/blog.php?id=451 Are you an educator heading back to school and spending money out of your pocket to teach your students? Wed, 28 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=451 Changing Jobs? What Will Become of Your 401(k) Balance? https://www.roibusinessservices.com/blog.php?id=452 If you're like most people, you'll change jobs â?? perhaps even careers â?? several times before you retire. When you make your next move, should your 401(k) funds move with you, or be rolled over into an IRA? Your decision could impact your ability to retire when you want to. Here are some issues to consider. Wed, 28 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=452 Seminars for CPA and tax professionals https://www.roibusinessservices.com/blog.php?id=449 TaxSpeaker dates Thu, 22 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=449 Truckers: Highway Use Tax Return Is Due By September 3 https://www.roibusinessservices.com/blog.php?id=448 Truckers and other owners of heavy highway vehicles must generally file a federal highway use tax return by September 3, 2019. The tax can be paid by filing a paper form with the IRS or the task can be handled electronically. This article explains the details. Wed, 21 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=448 Truckers: Highway Use Tax Return Is Due By September 3 https://www.roibusinessservices.com/blog.php?id=447 Wed, 21 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=447 The Clock May Be Ticking on Corporate Stock Redemptions https://www.roibusinessservices.com/blog.php?id=445 Have you considered redeeming your closely held stock? Tax rates are currently below historical levels. So, you may be able to save taxes by cashing out on your stock now... Wed, 21 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=445 Taking distributions from your traditional IRA https://www.roibusinessservices.com/blog.php?id=443 Here are three areas to understand in order to maximize your retirement savings. Wed, 21 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=443 Dashboard software helps you keep your eyes on the prize https://www.roibusinessservices.com/blog.php?id=444 In the simplest terms, every business ownerâ??s goal is to run a successful company. Business dashboard software can keep you informed, in real time, on how well youâ??re doing. Wed, 21 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=444 Common Questions about Kids and Taxes https://www.roibusinessservices.com/blog.php?id=446 As a parent or legal guardian, it's your job to teach life lessons to your kids. One important lesson is how to pay federal income taxes. Here are answers to common questions Wed, 21 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=446 \"Innocent spouses\" may get relief from tax liability https://www.roibusinessservices.com/blog.php?id=442 If youâ??re married and file a joint return, what happens if your spouse doesnâ??t disclose all of his or her income or otherwise doesnâ??t pay the correct tax owed? Tue, 13 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=442 Taking a long-term approach to certain insurance documentation https://www.roibusinessservices.com/blog.php?id=441 Put it in the vault! Thatâ??s what business owners should do with paper and digital documentation of many types of insurance policies. Hereâ??s why. Tue, 13 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=441 The tax implications of being a winner https://www.roibusinessservices.com/blog.php?id=440 If youâ??re fortunate enough to hit a sizable jackpot in the lottery or while gambling, there are tax implications. Hereâ??s a rundown of the basics. Sat, 10 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=440 Is it time to hire a CFO or controller? https://www.roibusinessservices.com/blog.php?id=439 if too many moments of your day are spent managing your companyâ??s finances instead of strategically running the business, a CFO or controller might be a good hire. Sat, 10 Aug 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=439 The \"kiddie tax\" hurts families more than ever https://www.roibusinessservices.com/blog.php?id=438 If your child or grandchild has unearned income from dividends, interest and capital gains, beware of the â??kiddie tax.â? Your family may be hit even harder by the tax under current law. Tue, 30 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=438 The 1-2-3 of B2B marketing https://www.roibusinessservices.com/blog.php?id=435 B2B marketing presents its own set of distinctive difficulties and opportunities. With the right approach, your business can make the numbers add up in your favor. Wed, 24 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=435 The "nanny tax" must be paid for more than just nannies https://www.roibusinessservices.com/blog.php?id=434 In 2019, if you pay a household worker cash wages of $2,100, you must withhold and pay Social Security and Medicare taxes. Learn about this and other tax obligations for household workers. Wed, 24 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=434 Run your strategic-planning meetings like they really matter https://www.roibusinessservices.com/blog.php?id=433 â??Oh no, not another meeting!â? Employees often say this, but you can turn sleepy discussions into productive strategic-planning sessions with a few simple tweaks. Wed, 24 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=433 INFOGRAPHIC: Do You Need to Take RMDs this Year? https://www.roibusinessservices.com/blog.php?id=437 Do You Need to Take RMDs this Year? Wed, 24 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=437 Are Pop-Ups a Fresh Marketing Concept? or Merely a Fad? https://www.roibusinessservices.com/blog.php?id=436 The 21st century has seen its fair share of consumer trends â?? from Pokemon Go to selfies to the popularity of reality television shows. Wed, 24 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=436 Volunteering for charity: Do you get a tax break? https://www.roibusinessservices.com/blog.php?id=431 Do you spend time volunteering for charity? While you canâ??t deduct the value of your time, you may be able to deduct some of the out-of-pocket costs. Here are the rules. Tue, 16 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=431 Summer: A good time to review your investments https://www.roibusinessservices.com/blog.php?id=429 take some time this summer to review your investment portfolio for possible growth and tax reduction strategies. Tue, 16 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=429 Is your accounting software living up to the hype? https://www.roibusinessservices.com/blog.php?id=430 Technology promises a solution for just about everything, but sometimes youâ??ve got to work for it. Here are some ideas on getting more out of your accounting software. Tue, 16 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=430 How Much Can Businesses Deduct for Vehicles Placed in Service in 2019? https://www.roibusinessservices.com/blog.php?id=432 Tax breaks for buying new and used business vehicles have been expanded under the Tax Cuts and Jobs Act. But there are some important limitations and exceptions that you should review before making a purchase. Tue, 16 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=432 Your succession plan may benefit from a separation of business and real estate https://www.roibusinessservices.com/blog.php?id=428 Your succession plan should incorporate various strategies to accomplish your retirement and estate planning goals. One to consider: separating business interests from real estate holdings related to the company. Thu, 04 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=428 Odd word, cool concept: Gamification for businesses https://www.roibusinessservices.com/blog.php?id=426 The word may not roll off the tongue, but the results may have you jumping for joy. Gamification is a fun way to engage customers or train and excite employees. Thu, 04 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=426 Could you unearth hidden profits in your company? https://www.roibusinessservices.com/blog.php?id=427 Unbeknownst to us, many a valuable thing may lie just beneath our feet. So it goes for businesses, which can discover unseen profits through savvy strategic planning. Thu, 04 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=427 You may have to pay tax on Social Security benefits https://www.roibusinessservices.com/blog.php?id=425 If youâ??re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed. And if so, how much will you have to pay? Wed, 03 Jul 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=425 If your kids are off to day camp, you may be eligible for a tax break https://www.roibusinessservices.com/blog.php?id=423 If you meet certain requirements, you may be eligible for a tax break on summer day camp expenses you pay for your child. Here is a rundown of the rules. Sat, 29 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=423 Grading the performance of your company\'s retirement plan https://www.roibusinessservices.com/blog.php?id=424 Every business wants a best-in-class retirement plan. But to determine whether you really have one, youâ??ve got to gather data and benchmark your planâ??s performance. Sat, 29 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=424 Put a number on your midyear performance with the right KPIs https://www.roibusinessservices.com/blog.php?id=420 The pause that refreshes â?? and informs. Thatâ??s what midyear can be if you pick the right key performance indicators and crunch the numbers accurately. Mon, 24 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=420 Is an HSA right for you? https://www.roibusinessservices.com/blog.php?id=422 HSA Mon, 24 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=422 Fraud Hotlines https://www.roibusinessservices.com/blog.php?id=421 Mon, 24 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=421 Is an HSA right for you? https://www.roibusinessservices.com/blog.php?id=419 Would you like to pay health care expenses from a tax-advantaged account? A Health Savings Account (HSA) may be right for you. Tue, 18 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=419 Your succession plan may benefit from a separation of business and real estate https://www.roibusinessservices.com/blog.php?id=416 Your succession plan should incorporate various strategies to accomplish your retirement and estate planning goals. Tue, 11 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=416 The Road Ahead if You Decide to Sue https://www.roibusinessservices.com/blog.php?id=418 Have you ever thought, "I'm going to sue them," or heard someone say, "I'll see you in court"? These statements are often uttered in the heat of the moment. But think twice before getting involved in a lawsuit. Tue, 11 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=418 Prepare to Receive a Social Security Administration No-Match Letter https://www.roibusinessservices.com/blog.php?id=417 If you haven't received a "no-match" letter from the Social Security Administration lately, you might soon. Tue, 11 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=417 Measure Your Bill Collecting Success https://www.roibusinessservices.com/blog.php?id=415 It's a balancing act to extend credit in order to boost sales, get customers to pay on time and track your company's efforts to ensure that bad debts don't reach a point where they start to erode profit gains. Tue, 11 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=415 How Zoning Requirements Can Affect Your Business https://www.roibusinessservices.com/blog.php?id=414 Zoning laws can halt your development plans and may force you to go to court to find resolution. Tue, 11 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=414 Donating your vehicle to charity may not be a taxwise decision https://www.roibusinessservices.com/blog.php?id=413 A tax deduction isnâ??t the only reason for donating a vehicle to charity. But if youâ??re counting on one, make sure you understand the rules. Tue, 11 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=413 Thinking about moving to another state in retirement? Don't forget about taxes https://www.roibusinessservices.com/blog.php?id=408 Before you retire to another state, consider the impact of state and local taxes. Tue, 04 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=408 Targeting and converting your company\'s sales prospects https://www.roibusinessservices.com/blog.php?id=409 The future of every business depends on its ability to find and win over sales prospects. Tue, 04 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=409 Talking to Loved Ones About Your Estate Plans https://www.roibusinessservices.com/blog.php?id=411 Sharing your estate plans with your heirs is critical to the well being of your loved ones. Tue, 04 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=411 Talking to Loved Ones About Your Estate Plans https://www.roibusinessservices.com/blog.php?id=410 Sharing your estate plans with your heirs is critical to the well being of your loved ones. Tue, 04 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=410 Managing Home Insurance Inspections https://www.roibusinessservices.com/blog.php?id=412 For a number of reasons, you may decide to change your insurance company. In the case of home insurance, this may prompt the new insurance company to inspect your house to determine what they will be covering. Tue, 04 Jun 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=412 When to Update Your Estate Plan https://www.roibusinessservices.com/blog.php?id=406 Are your estate planning documents collecting dust? Many people who take the time to create a detailed estate plan fail to follow up on a regular basis to reflect changes in their family situation or asset portfolios, relocations across state lines and new tax laws. Tue, 28 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=406 The chances of IRS audit are down but you should still be prepared https://www.roibusinessservices.com/blog.php?id=404 An IRS audit may be nothing to lose sleep over. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest audit statistics, as well as some tips on how to survive an IRS examination. Tue, 28 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=404 Records Retention Guidelines to Remember During Spring Cleaning https://www.roibusinessservices.com/blog.php?id=405 Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer files, it's important to review these guidelines. Tue, 28 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=405 How to Make Your Factory Safer https://www.roibusinessservices.com/blog.php?id=403 The manufacturing sector ranks third in terms of days lost due to workplace injuries, according to the National Safety Council. Tue, 28 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=403 How to Benefit from the Rising Average Age of American Workers https://www.roibusinessservices.com/blog.php?id=407 Have you thought about how you'll keep your company's workforce strong and growing to meet its future demands? Don't count on an endless supply of skilled young employees fresh out of college. Statistics indicate that this age group is a shrinking talent pool. But a "hidden" source of productive talent may be right under your nose. Tue, 28 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=407 Build long-term relationships with CRM software https://www.roibusinessservices.com/blog.php?id=402 Many business owners know their customers well but struggle to organize and disseminate this knowledge. CRM software may be a good way to find and keep track of those who buy from you. Tue, 28 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=402 The simple truth about annual performance reviews https://www.roibusinessservices.com/blog.php?id=396 annual performance reviews Tue, 21 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=396 Selling your home? Consider these tax implications https://www.roibusinessservices.com/blog.php?id=398 Tax rules for home sales. Tue, 21 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=398 It\'s a good time to check your withholding and make changes, if necessary https://www.roibusinessservices.com/blog.php?id=400 Do you have the right amount of tax withheld from your paycheck? Tue, 21 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=400 It\'s a good time to check your withholding and make changes, if necessary https://www.roibusinessservices.com/blog.php?id=399 Do you have the right amount of tax withheld from your paycheck. Tue, 21 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=399 Infographic: Business valuators don\'t always take financial statements at face value. https://www.roibusinessservices.com/blog.php?id=397 Tue, 21 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=397 5 Financial Tips for New College Graduates https://www.roibusinessservices.com/blog.php?id=401 Good advice to help young people follow a budget, establish credit, save for retirement, evaluate housing and transportation options, and avoid becoming victims of identity theft. Tue, 21 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=401 Buy vs. lease: Business equipment edition https://www.roibusinessservices.com/blog.php?id=395 Does your company typically buy equipment or lease it? Tue, 14 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=395 Should your health care plan be more future-focused? https://www.roibusinessservices.com/blog.php?id=384 Employer-provided health care plans are ever-evolving. Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=384 Records Retention Guidelines to Remember During Spring Cleaning https://www.roibusinessservices.com/blog.php?id=394 Before you start cleaning out your personal or business files, review these guidelines. Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=394 Protect Elderly Family Members Against Financial Exploitation https://www.roibusinessservices.com/blog.php?id=386 Financial exploitation of elderly Americans is on the rise, Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=386 Finish the Tax Controversy Crossword https://www.roibusinessservices.com/blog.php?id=392 Finish the Tax Controversy Crossword Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=392 Finish the Retail Crossword https://www.roibusinessservices.com/blog.php?id=391 Finish the Retail Crossword Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=391 Finish the Personal Finance Crossword https://www.roibusinessservices.com/blog.php?id=388 Annuities are generally sold by insurance companies and the payments can be fixed or variable. Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=388 Finish the Estate Planning Crossword https://www.roibusinessservices.com/blog.php?id=393 Finish the Estate Planning Crossword Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=393 Finish the Estate Planning Crossword https://www.roibusinessservices.com/blog.php?id=389 bypass irrevocable trust Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=389 Finish the Accounting Crossword https://www.roibusinessservices.com/blog.php?id=390 Finish the Accounting Crossword Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=390 EEOC Spotlights Disability Discrimination Claims https://www.roibusinessservices.com/blog.php?id=387 Is your company in compliance with the federal and state laws that protect disabled employees and job applicants from discrimination? Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=387 Check on your refund - and find out why the IRS might not send it https://www.roibusinessservices.com/blog.php?id=383 refunds are routinely sent to taxpayers within a few weeks Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=383 5 Financial Tips for New College Graduates https://www.roibusinessservices.com/blog.php?id=385 5 Financial Tips for New College Graduates Tue, 07 May 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=385 Stretch your college student\'s spending money with the dependent tax credit https://www.roibusinessservices.com/blog.php?id=382 Are you the parent of a child who is age 17 to 23? You may be eligible for a $500 dependent tax credit. Here are the qualifications. Tue, 30 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=382 Plug in tax savings for electric vehicles https://www.roibusinessservices.com/blog.php?id=379 Are you interested in joining the growing ranks of plug-in electric vehicle owners? Tue, 30 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=379 Be vigilant about your business credit score https://www.roibusinessservices.com/blog.php?id=381 Hey, whatâ??s the score? We mean your business credit score. It can either help or hinder you as you apply for loans or shop for the things you need to keep your company competitive. Tue, 30 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=381 An implementation plan is key to making strategic goals a reality https://www.roibusinessservices.com/blog.php?id=380 A companyâ??s strategic plan can look good on paper but never really work out in real life. Hereâ??s how to ensure your business accomplishes its goals. Tue, 30 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=380 Women in Business: Who's the Boss? https://www.roibusinessservices.com/blog.php?id=378 More women serve as leaders in business and politics than ever before. But there are still gender-based gaps in terms of pay and opportunities, Fri, 26 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=378 Protect Elderly Family Members Against Financial Exploitation https://www.roibusinessservices.com/blog.php?id=376 Financial exploitation of elderly Americans is on the rise, according to a federal government agency. Knowing the common tactics employed by perpetrators of this abusive, often criminal, behavior could keep your loved ones from adding to the grim statistics. Here are some proactive ways you can help. Fri, 26 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=376 Prepare for the worst with a business turnaround strategy https://www.roibusinessservices.com/blog.php?id=375 Familiarize yourself with the concept of a business turnaround. Fri, 26 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=375 Electric Vehicle Tax Credit: You Can Still Save Greenbacks for Going Green https://www.roibusinessservices.com/blog.php?id=377 Buyers of new plug-in electric or hybrid vehicles may be eligible for a federal income tax credit of up to $7,500, along with other cost-saving benefits depending on where they live in the United States. Fri, 26 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=377 Three questions you may have after you file your return https://www.roibusinessservices.com/blog.php?id=372 After filing a tax return, you may have questions. Tue, 23 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=372 Fun fact: Tacking vacation days onto a deductible business trip. https://www.roibusinessservices.com/blog.php?id=374 Tacking vacation days onto a deductible business trip. Tue, 23 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=374 Casualty loss deductions: You can claim one only for a federally declared disaster https://www.roibusinessservices.com/blog.php?id=373 The rules for deducting personal casualty losses on a tax return have changed for 2018 to 2025. Tue, 23 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=373 Seniors: Medicare premiums could lower your tax bill https://www.roibusinessservices.com/blog.php?id=369 If youâ??re covered by Medicare, you know it can be confusing. You may not know that, if you qualify, you can deduct the cost of premiums, along with other medical costs, on your tax return. Mon, 15 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=369 Responding to the nightmare of a data breach https://www.roibusinessservices.com/blog.php?id=368 Technology lets todayâ??s business owners do things previous generations never dreamed of. But thereâ??s a dark side to it, as well: data breaches. Be sure you have a response plan ready. Mon, 15 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=368 Payment Card Fraud on the Rise Despite Use of Chip Technology https://www.roibusinessservices.com/blog.php?id=371 For in-store purchases made after October 2015, liability for credit card fraud shifted from credit card companies to merchants that weren't chip-card enabled. However, a recent study found that criminals can still steal and clone chip-enabled payment cards in the United States. Mon, 15 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=371 Minimum Wage Increases Are Being Considered Across the Country https://www.roibusinessservices.com/blog.php?id=370 Minimum Wage Increases Are Being Considered Across the Country Mon, 15 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=370 Uncle Sam Wants YOU to File https://www.roibusinessservices.com/blog.php?id=367 When will the IRS excuse someone from filing a tax return and not assess the related penalties?? Sat, 06 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=367 Tax Issues to Consider When Small Business Owners Get Divorced https://www.roibusinessservices.com/blog.php?id=365 For many small business owners, their ownership interest is one of their biggest personal assets. Sat, 06 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=365 Should Your Kids Work in the Business? https://www.roibusinessservices.com/blog.php?id=366 Let's say your under-age-18 children want to earn money and you operate your own business. Should you send them out to get a job elsewhere or put them on your payroll? Sat, 06 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=366 Present yet unaccounted for: The problem of presenteeism https://www.roibusinessservices.com/blog.php?id=364 An employee who never misses a day of work and burns the midnight oil may seem like a dream come true. But he or she may be exhibiting signs of â??presenteeism,â? which can lead to all sorts of nightmares. Sat, 06 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=364 Make a deductible IRA contribution for 2018. It's not too late! https://www.roibusinessservices.com/blog.php?id=363 Have you made your 2018 IRA contributions? It's not too late just because it's 2019. But you must act fast. Sat, 06 Apr 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=363 Vehicle-expense deduction ins and outs for individual taxpayers https://www.roibusinessservices.com/blog.php?id=360 Rather than keeping track of your actual vehicle-related expenses, you can use a standard mileage rate to compute related tax deductions. Sat, 30 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=360 Still working after age 70-1/2? You may not have to begin 401(k) withdrawals https://www.roibusinessservices.com/blog.php?id=359 Are you still working after age 70-1/2 and don't want to take required minimum distributions from your 401(k) account? You might not have to. Sat, 30 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=359 OSHA Log Posting Tips https://www.roibusinessservices.com/blog.php?id=361 If you're in business and have at least 10 employees, you're probably familiar with the injury and illness reports required by the Occupational Safety and Health Administration (OSHA). Sat, 30 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=361 How to Combine Home Sale Gain Exclusion with a Like-Kind Exchange https://www.roibusinessservices.com/blog.php?id=362 Homeowners, beware: You may be hit with a large federal tax bill when you sell your principal residence if your property is in an area where market values have skyrocketed over the years. Sat, 30 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=362 Important Tax Figures for 2019 https://www.roibusinessservices.com/blog.php?id=357 Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2019, compared with 2018, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and more. Mon, 25 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=357 Green Energy and Tax Breaks https://www.roibusinessservices.com/blog.php?id=355 Mon, 25 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=355 Could Medicare Premiums Lower Your Taxes? https://www.roibusinessservices.com/blog.php?id=358 Medicare health insurance options can be confusing, and the premiums can be more expensive than you might think. This article explains how Medicare coverage works and how some people may be able to lower their tax bills by deducting Medicare health insurance premiums and other qualifying medical expenses. Mon, 25 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=358 5 Last-Minute Ideas to Lower Your 2018 Taxes https://www.roibusinessservices.com/blog.php?id=356 Mon, 25 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=356 The 2018 gift tax return deadline is almost here https://www.roibusinessservices.com/blog.php?id=354 Find out if you must (or should) file a 2018 gift tax return this April. Wed, 13 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=354 Vehicle-expense deduction ins and outs for individual taxpayers https://www.roibusinessservices.com/blog.php?id=353 Use a standard mileage rate to compute related tax deductions. Mon, 11 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=353 Using knowledge management to develop your succession plan https://www.roibusinessservices.com/blog.php?id=352 When you step down from your company, your winning smile wonâ??t be the only thing walking out the door. Your knowledge will be, too. Thatâ??s why your succession planning should include knowledge management. Mon, 11 Mar 2019 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=352 Overview of Real Estate Depreciation Changes https://www.roibusinessservices.com/blog.php?id=351 Real estate investors have reason to celebrate in the upcoming tax season: The Tax Cuts and Jobs Act significantly expanded the first-year tax breaks for bonus depreciation and Section 179 deductions Mon, 04 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=351 6 Common Mistakes When Taxpayers Prepare Their Own Tax Returns https://www.roibusinessservices.com/blog.php?id=350 It's tax season! Have you filed your personal tax return for 2018 yet? Be aware: Filing and processing your return may take longer this year than in previous years, especially if you're thinking about preparing your own return. Mon, 04 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=350 Overview of Real Estate Depreciation Changes https://www.roibusinessservices.com/blog.php?id=347 Real estate investors have reason to celebrate in the upcoming tax season: The Tax Cuts and Jobs Act significantly expanded the first-year tax breaks for bonus depreciation and Section 179 deductions. But Congress may need to fix one intended change before it can benefit investors. And there are some pitfalls to consider before taking advantage of first-year depreciation breaks for real estate. Fri, 01 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=347 Most people affected by major tax reform changes https://www.roibusinessservices.com/blog.php?id=345 key changes affecting tax returns: Fri, 01 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=345 Improve Your Personal Financial Position This Year https://www.roibusinessservices.com/blog.php?id=348 You're never too young or too old to create a financial plan. Fri, 01 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=348 Beware the Ides of March -- if you own a pass-through entity https://www.roibusinessservices.com/blog.php?id=344 Friends, Romans and countrymen, lend me your ears: All ye who must file a partnership or S corporation tax return, watch out for this tax deadline. Fri, 01 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=344 Are your employees ignoring their 401(k)s? https://www.roibusinessservices.com/blog.php?id=346 No one should take his or her 401(k) plan for granted. And yet, it happens. Help your employees maintain their awareness of this important benefit. Fri, 01 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=346 2018 Income Tax Withholdings: Too Much, Too Little or Just Right? https://www.roibusinessservices.com/blog.php?id=349 Many individuals still aren't familiar with all the changes under the Tax Cuts and Jobs Act. So, they don't know whether their 2018 withholding and estimated quarterly payments will be sufficient. Fri, 01 Mar 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=349 Technology May Help Solve Your Staffing Needs https://www.roibusinessservices.com/blog.php?id=338 When you think of "crowdsourcing," you probably think about people trying to raise money for a charitable purpose from friends, acquaintances and like-minded people on the Internet. But in the world of recruiting, crowdsourcing has now caught on in a big way. Fri, 22 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=338 Multidimensional Staffing: Orchestrate the Perfect Symphony https://www.roibusinessservices.com/blog.php?id=343 An organization needs to put together a staff that can best execute its current business plan. This article discusses one solution to this challenge: Multidimensional staffing. Fri, 22 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=343 Leadership... learning from the wolves https://www.roibusinessservices.com/blog.php?id=340 wolf pack and leadership Fri, 22 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=340 Infographic: Advantages of 529 education savings plans. https://www.roibusinessservices.com/blog.php?id=337 Advantages of 529 education savings plans. Fri, 22 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=337 How the Tax Law Hits Charitable Giving https://www.roibusinessservices.com/blog.php?id=339 The Tax Cuts and Jobs Act includes changes that may affect your charitable donations. This article examines some of the changes â?? which result in the loss of a tax break for some people who give to charity and provide a higher deduction limit for folks who give more than half of their adjusted gross income to charity. Fri, 22 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=339 Don't Take Chances: Buy Enough Disability Insurance https://www.roibusinessservices.com/blog.php?id=342 Suffering a disability so severe that you are unable to work may seem remote, but it is a distinct possibility. Here's an explanation of how an individual disability insurance policy can provide added protection, along with some information about how the benefits are taxed. Fri, 22 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=342 Do Not Take Tax Chances on Gambling https://www.roibusinessservices.com/blog.php?id=341 Gambling winnings fall under the Internal Revenue Code definition of gross income "from whatever source derived," and that means they are taxable. Click "Full Article" to learn what information you should keep if you play bingo, head to the racetrack or hit the tables in Vegas -- so you can stay out of trouble with the IRS. Fri, 22 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=341 Why you shouldn't wait to file your 2018 income tax return https://www.roibusinessservices.com/blog.php?id=335 In a tax identity theft scheme, a thief uses your personal information to file a fraudulent tax return early in the filing season and claim a bogus refund. Hereâ??s how to protect yourself. Wed, 20 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=335 Making Smart Mergers and Acquisitions under Today's Tax Law https://www.roibusinessservices.com/blog.php?id=336 The M&A market is currently hot in some industries. However, before your business combines with another, it's important to understand the federal tax issues that may apply to your transaction. Although it's not the only consideration, minimizing taxes is key to a deal's success. Here are some tax-savvy strategies to consider in structuring a deal under the Tax Cuts and Jobs Act. Wed, 20 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=336 Don\'t let scope creep ruin your next IT project https://www.roibusinessservices.com/blog.php?id=334 No one likes a creep, and when your company undertakes its next IT project, you really wonâ??t like â??scope creep.â? Wed, 20 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=334 Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return https://www.roibusinessservices.com/blog.php?id=332 Lower tax rates might help reduce your 2018 tax bill, but new limits on many deductions could offset the benefits of lower rates. Tue, 19 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=332 Best practices when filing a business interruption claim https://www.roibusinessservices.com/blog.php?id=333 Buying business interruption insurance can be a wise move for many companies. But should disaster strike and you need to file a claim, expect a complex and challenging process. Tue, 19 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=333 Financial statements tell your business\'s story, inside and out https://www.roibusinessservices.com/blog.php?id=331 Is your company generating financial statements with all the information necessary to tell how youâ??re doing? Hereâ??s what they should contain. Wed, 13 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=331 3 big TCJA changes affecting 2018 individual tax returns and beyond https://www.roibusinessservices.com/blog.php?id=330 There are three major changes that will impact many individual taxpayers, beginning when they file their 2018 income tax returns. Wed, 13 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=330 Refine your strategic plan with SWOT https://www.roibusinessservices.com/blog.php?id=324 A well-thought-out strategic plan can mean the difference between a good year and a great one. Conducting a SWOT analysis can help ensure yours is robust and resilient. Mon, 04 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=324 Planning for Special Needs Children https://www.roibusinessservices.com/blog.php?id=327 It's been said that the best inheritance we can give our children is a few minutes of our time every day. It's also true, though, that our children won't always have us in their lives. Children with special needs may require lifetime assistance, which can necessitate that parents prepare for their child's care after they're gone, or are unable to care for the children any longer. Mon, 04 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=327 Here's what taxpayers should consider when determining if they need to file https://www.roibusinessservices.com/blog.php?id=326 As people prepare to file their taxes, there are things to consider. They will want to determine if they need to file and the best way to do so. Mon, 04 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=326 Depreciation-related breaks on business real estate: What you need to know when you file your 2018 return https://www.roibusinessservices.com/blog.php?id=325 Enhanced depreciation-related tax breaks for certain business real estate investments, such as qualified improvement property, may offer substantial savings when you file your 2018 tax return. Learn more. Mon, 04 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=325 Breaking Into Your 401(k) is an Expensive Way to Raise Cash https://www.roibusinessservices.com/blog.php?id=328 Do you need money fast or are you switching jobs? Your 401(k) plan might look tempting. But don't waste your hard-earned savings. Here are the reasons to leave your 401(k) alone or roll it over to another plan. Mon, 04 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=328 Beware of Deductions Claimed for Certain Business Expenses https://www.roibusinessservices.com/blog.php?id=329 Corporations that make payments to shareholders beware: The IRS may challenge deductions claimed for certain business expenses and other related-party transactions. An inquiry could lead to reclassification of certain payments as constructive dividends, which could have unfavorable tax consequences for the company and its shareholders. Here's a recent Tax Court case that highlights this contentious issue. Mon, 04 Feb 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=329 Twelve Ways to Lessen Employee Legal Risks https://www.roibusinessservices.com/blog.php?id=323 It's important to take time regularly to review your employment practices in order to lessen tensions and conflicts from employees. Improving your employment practices can also reduce the risks of employee-initiated legal actions. Keep reading for a list of one dozen key areas that may need attention. Tue, 29 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=323 To Catch a Thief https://www.roibusinessservices.com/blog.php?id=321 The possibility of identity theft should be on the minds of people everywhere, because it is certainly on the minds of thieves. While you sleep, they are devising new ways to steal your money. But there are steps you can take to protect your assets. Keep reading to find out how the Department of Justice recommends you use SCAM to avoid being a scam victim. Tue, 29 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=321 Saving for Your Child\'s Education With a Section 529 Plan https://www.roibusinessservices.com/blog.php?id=322 College costs continue to rise. That's why if paying for a college education is in your future, it's never too early to learn about Section 529 plans. Tue, 29 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=322 Looking for a Business Loan? Be Prepared https://www.roibusinessservices.com/blog.php?id=319 As the old saying goes, the easiest time to get a loan is when you don't need one. When you do find yourself in the market for a business loan, you'll most likely fare better if you know what lenders want to see and be ready with documentation. Tue, 29 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=319 Is it Okay to Borrow from Your 401(k)? https://www.roibusinessservices.com/blog.php?id=320 People seem to be relying less on credit these days, but the cost of carrying a balance is still high. Some people question whether it would be more cost effective to borrow from their 401(k) accounts to pay off high cost debt. Anyone considering that option should carefully weigh the advantages and disadvantages of a 401(k) loan before taking action. Tue, 29 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=320 You May Want to Separate Real Estate Assets from Your Business https://www.roibusinessservices.com/blog.php?id=314 Many companies choose not to combine real estate and other assets into a single entity. Although there are justifiable legal reasons for doing so, this article delves into the potentially beneficial tax reasons for holding real estate in a separate entity. A sidebar looks at the advantages of separate entities for family businesses. Wed, 23 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=314 Ideas to Strengthen Your Business in 2019 and Beyond https://www.roibusinessservices.com/blog.php?id=318 Start the New Year with some strategic planning. Before diving headfirst into 2019, business owners should take time to learn from last year's achievement and mistakes, as well as set goals and monitor trends for the future. Here are ten items to add to your to-do list. Wed, 23 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=318 How to Fight the SAD Season https://www.roibusinessservices.com/blog.php?id=315 Some people experience Seasonal Affective Disorder (SAD), or the winter blues, when the days get shorter. The gradual deprivation of sunlight as seasons change causes SADness for as many as one in five people in North America. The resulting condition can lower productivity and lead to other challenges for employers. For more information about this disorder, keep reading. Wed, 23 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=315 Align Your Will With Other Documents https://www.roibusinessservices.com/blog.php?id=316 When planning for the disposition of your assets, make sure you take into account any property that will pass by "operation of law." These items transfer to designated beneficiaries automatically upon death -- regardless of what your will says. Keep reading to find out how to avoid unintentional problems for your heirs. Wed, 23 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=316 2018 Tax Payments Fall Short? You May Be Eligible for Penalty Relief https://www.roibusinessservices.com/blog.php?id=317 The IRS announced that it is waiving penalties for many taxpayers whose withholding and estimated payments for 2018 fell short of their total liability for the year. Many people will find themselves in this situation due to changes in the Tax Cuts and Jobs Act. Instead of claiming refunds, these taxpayers will owe taxes when they file this tax season. But now, they won't be charged estimated tax penalties. Wed, 23 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=317 There's still time to get substantiation for 2018 donations https://www.roibusinessservices.com/blog.php?id=312 Don't take the substantiation requirements for charitable donation deductions lightly. Tue, 22 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=312 Develop a Strong Hand to Negotiate Loan Covenants https://www.roibusinessservices.com/blog.php?id=313 When you need financing for your enterprise, step back and think about what covenants you are willing â?? and able â?? to accept as part of a deal with your lender. If you negotiate well, you may eliminate some constraints and loosen others. That can help your business more easily comply with loan obligations and keep capital flowing. Here are a few issues to consider before you talk to a loan officer. Tue, 22 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=313 Getting wise to the rise of "smart" buildings https://www.roibusinessservices.com/blog.php?id=310 Any company interested in a new or improved space should study up on the potential advantages and cost impact of "smart"Ã? buildings. Fri, 18 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=310 Fun fact: What percentage of Americans used only credit and debit cards in the last week? https://www.roibusinessservices.com/blog.php?id=311 Fri, 18 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=311 What will your marginal income tax rate be? https://www.roibusinessservices.com/blog.php?id=308 The TCJA made changes to some of the middle income tax brackets that may negatively affect unmarried taxpayers and positively affect married taxpayers. Tue, 15 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=308 Videoconferencing: Sharpen Your Company\'s Focus https://www.roibusinessservices.com/blog.php?id=309 Videoconferencing can boost productivity, cut travel costs, accelerate business decisions and solve the dilemma of employees who are nervous about traveling. This article acts as a guide to the advantages, and some drawbacks, of equipping your company with video. It could help you sharpen your business meetings and put your company on the forward edge, at a fraction of what you pay now for business travel. Tue, 15 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=309 Spouses Are Guilty Until Proven Innocent https://www.roibusinessservices.com/blog.php?id=307 If you file a joint tax return, you need to be aware of your individual liability. Wed, 09 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=307 Notify the IRS if You Change Your Address https://www.roibusinessservices.com/blog.php?id=306 It's important to tell the IRS if you change your address. Wed, 09 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=306 Economic damages: Recovering what was lost https://www.roibusinessservices.com/blog.php?id=304 If your company loses profits or business value to an outside partyâ??s wrongful actions, a financial expert can lead your efforts in court to recover economic damages. Wed, 09 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=304 4 business functions you could outsource right now https://www.roibusinessservices.com/blog.php?id=305 Is there an aspect to running your business thatâ??s unduly distracting or time-consuming? Outsourcing might be the solution. Wed, 09 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=305 2 major tax law changes for individuals in 2019 https://www.roibusinessservices.com/blog.php?id=303 Changes to the medical expense deduction and the tax treatment of alimony go into effect in 2019. Wed, 09 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=303 You may be able to save more for retirement in 2019 https://www.roibusinessservices.com/blog.php?id=299 How much you can contribute to your retirement plans each year depends in part on the annual limits. Sometimes these go up from one year to the next, and sometimes they donâ??t. Learn whatâ??s changed and what hasnâ??t for 2019. Wed, 02 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=299 Make sure the price is right with market research https://www.roibusinessservices.com/blog.php?id=298 Changing your companyâ??s pricing strategy shouldnâ??t be a guessing game or a gut decision. Only with the right information can you make an adjustment thatâ??s likely to succeed. Wed, 02 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=298 A refresher on major tax law changes for small-business owners https://www.roibusinessservices.com/blog.php?id=300 With the new year comes the need for small-business owners to begin thinking about filing their 2018 income tax returns. The TCJA could significantly alter your tax liability compared to previous years. So refresh yourself on its major provisions. Wed, 02 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=300 Is it Time to Rebid Your Vendor Contracts? https://www.roibusinessservices.com/blog.php?id=302 Sometimes service vendor relationships can get just a little bit too cozy. Next thing you know, you're being taken for granted â?? and perhaps overpaying or not getting the quality of service that you should. How can you avoid that situation? By rebidding contracts on a regular basis. Here's how. Wed, 02 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=302 Insurance - Test Your Life Insurance Knowledge https://www.roibusinessservices.com/blog.php?id=301 Life insurance is a key risk management tool that can help you pursue your financial dreams as well as help protect your loved ones. It also can be pretty complicated. Keep in mind, the cost and availability of life insurance depend on several factors, including age, health, and of course the type and amount of insurance you buy. How much do you really know about life insurance? Wed, 02 Jan 2019 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=301 Do your long-term customers know everything about you? https://www.roibusinessservices.com/blog.php?id=297 Long-term customers are the foundation of a successful business. But just because a customer is buying from you regularly doesnâ??t mean they couldnâ??t be buying more of your products or services. Fri, 28 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=297 Act soon to save 2018 taxes on your investments https://www.roibusinessservices.com/blog.php?id=296 While time, not timing, is generally the key to long-term investment success, taking timely action before year end can help save taxes on your investments. Hereâ??s how. Fri, 28 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=296 Infographic: Conducting a year-end risk assessment? Try this. https://www.roibusinessservices.com/blog.php?id=290 Infographic: Conducting a year-end risk assessment? Try this. Tue, 18 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=290 Handle Payroll Taxes With Kid Gloves https://www.roibusinessservices.com/blog.php?id=292 Here's a business rule you don't ever want to break: Don't borrow from payroll taxes withheld from employees. The IRS views this money as sacred. That's why the penalties involving these funds are severe. Continue reading for an important heads-up. Tue, 18 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=292 Getting ahead of the curve on emerging technologies https://www.roibusinessservices.com/blog.php?id=291 Is your business falling behind on emerging technologies? Here are some you need to be aware of and tips for staying up to date. Tue, 18 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=291 Gap Insurance for Leased Cars https://www.roibusinessservices.com/blog.php?id=294 Leasing a car is an attractive option for many people because of the low upfront outlay of cash. If you're considering leasing a car as opposed to buying one, you may want the added security of insurance to fill in the "gaps" left by standard insurance. This article provides an overview of gap insurance to help you make an informed decision before you sign a lease. Tue, 18 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=294 Does Your Buy-Sell Agreement Need Updating? https://www.roibusinessservices.com/blog.php?id=295 Many savvy businesses establish buy-sell agreements in case a co-owner voluntarily or involuntarily leaves. But it's not enough to draft such an agreement; the document must be periodically reviewed and perhaps updated. This article examines key aspects to re-evaluate â?? including triggering events, structure and funding sources. Tue, 18 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=295 https://www.roibusinessservices.com/blog.php?id=293 Tue, 18 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=293 Year-end tax and financial to-do list for individuals https://www.roibusinessservices.com/blog.php?id=285 Thomson Reuters Checkpointâ?¢ CHECKPOINT® MARKETING FOR FIRMS TAX BRIEF FOR DECEMBER 11 Dear Julie : Below are the text elements of this weekâ??s Tax Brief. A link to a .JPG file of an image is also provided below and you can use it to accompany the full text and/or any of the posts. (The image can be used only with this content; it cannot be used for any other purposes.) Reminder: You should no longer share to Twitter a Link Post from your Checkpoint Marketing content product(s) without customizing it in some way and removing or replacing the image. Click here for more details. â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ â?¢ FULL ARTICLE: Year-end tax and financial to-do list for individuals With the dawn of 2019 on the near horizon, hereâ??s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by December 31 to use up these funds or youâ??ll potentially lose them. (Some plans allow you to carry over up to $500 to the following year or give you a 2½-month grace period to incur qualifying expenses.) Use expiring FSA funds to pay for eyeglasses, dental work or eligible drugs or health products. Max out tax-advantaged savings. Reduce your 2018 income by contributing to traditional IRAs, employer-sponsored retirement plans or Health Savings Accounts to the extent youâ??re eligible. (Certain vehicles, including traditional and SEP IRAs, allow you to deduct contributions on your 2018 return if theyâ??re made by April 15, 2019.) Take RMDs. If youâ??ve reached age 70½, you generally must take required minimum distributions (RMDs) from IRAs or qualified employer-sponsored retirement plans before the end of the year to avoid a 50% penalty. If you turned 70½ this year, you have until April 1, 2019, to take your first RMD. But keep in mind that, if you defer your first distribution, youâ??ll have to take two next year. Consider a QCD. If youâ??re 70½ or older and charitably inclined, a qualified charitable distribution (QCD) allows you to transfer up to $100,000 tax-free directly from your IRA to a qualified charity and to apply the amount toward your RMD. This is a big advantage if you wouldnâ??t otherwise qualify for a charitable deduction (because you donâ??t itemize, for example). Use it or lose it. Make the most of annual limits that donâ??t carry over from year to year, even if doing so wonâ??t provide an income tax deduction. For example, if gift and estate taxes are a concern, make annual exclusion gifts up to $15,000 per recipient. If you have a Coverdell Education Savings Account, contribute the maximum amount youâ??re allowed. Contribute to a Sec. 529 plan. Sec. 529 prepaid tuition or college savings plans arenâ??t subject to federal annual contribution limits and donâ??t provide a federal income tax deduction. But contributions may entitle you to a state income tax deduction (depending on your state and plan). Review withholding. The IRS cautions that people with more complex tax situations face the possibility of having their income taxes underwithheld due to changes under the Tax Cuts and Jobs Act. Use its withholding calculator (available at irs.gov) to review your situation. If it looks like you could face underpayment penalties, increase withholdings from your or your spouseâ??s wages for the remainder of the year. (Withholdings, unlike estimated tax payments, are treated as if they were paid evenly over the year.) For assistance with these and other year-end planning ideas, please contact us. © 2018 LINKEDIN/FACEBOOK IMAGE POST (STAND-ALONE POST WITHOUT A LINK): With 2019 arriving here soon, there are several tax and financial to-dos you should address before 2018 ends. For example: Incur qualifying health care Flexible Spending Account expenses by Dec. 31 to use up these funds or youâ??ll potentially lose them. Also, max out contributions to retirement plans. Or, if applicable, take required minimum distributions from those plans. If gift and estate taxes are a concern, make $15,000 annual exclusion gifts. Finally, check your withholding and increase it if needed to avoid underpayment penalties. Contact us to learn more. LINKEDIN/FACEBOOK LINK POST (TO USE WITH A LINK TO THE FULL ARTICLE): 2019 will be here soon. Have you taken care of everything you need to do by Dec. 31 to minimize your 2018 taxes, make the most of tax-advantaged savings opportunities and avoid unnecessary penalties? Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=285 Inventory Your Possessions https://www.roibusinessservices.com/blog.php?id=289 If a disaster happens that destroys some or all of the contents of your home, could you prove what you lost? Most people have no inventory of their possessions and no receipts to prove value. Even if an individual is adequately covered by insurance, without proof of value, getting an insurance settlement may be a long, drawn out process. That's why taking an inventory of what you own is important. Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=289 Family businesses need succession plans, too https://www.roibusinessservices.com/blog.php?id=282 Family businesses often depend on their founder to maintain the companyâ??s success. But eventually that owner will have to depart the business. Depending on the circumstances, the family itself may be thrown into chaos. A solid succession plan can help prevent this. Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=282 Estate Tax Planning Tips for Single People https://www.roibusinessservices.com/blog.php?id=286 Estate planning tips are often geared toward married couples. Although many of the same principles apply to single people, singles may need to give their estate plans extra attention to maximize how much they can transfer to loved ones tax-free during their lifetimes and beyond. The Tax Cuts and Jobs Act expands those opportunities through 2025. Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=286 Don't Procrastinate Planning Your Estate https://www.roibusinessservices.com/blog.php?id=287 Don't delay putting your estate in order, or you could leave your heirs with a mess that takes countless hours and dollars to sort out. Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=287 Disability Discrimination Claims May Be Teachable Moments https://www.roibusinessservices.com/blog.php?id=284 There's a law that's far from new. The Americans with Disabilities Act (ADA) has been on the books for decades, since 1990. Yet the primary federal agency that enforces the ADA never seems to run out of alleged violations of this law to pursue. A pair of recent cases illuminate key features of the ADA that may benefit employers that have grown a little foggy on just what it requires. Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=284 Age Has its Privileges ... and Penalties https://www.roibusinessservices.com/blog.php?id=288 Did you, or someone in your family, have a birthday recently? Reaching certain ages can result in the need to make some tax and financial moves. Miss certain deadlines and you might lose out on valuable tax breaks. Take a look at some age-related milestones and why they may be important to you and your family members. Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=288 7 Year-End Tax Planning Moves for Small Businesses https://www.roibusinessservices.com/blog.php?id=283 What can small business owners do before year end to lower their tax bills? That question is top of mind every autumn, but the answers may be less familiar (and possibly more complicated) under the Tax Cuts and Jobs Act. This article updates some tried-and-true tax strategies to account for the tax law changes that went into effect this year. Tue, 11 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=283 The Minimum Wage Is Going Up in Many Places on January 1 https://www.roibusinessservices.com/blog.php?id=278 On January 1, 2019, many states and localities around the country are increasing the minimum wage amount employees are paid. They may also be increasing the amounts paid to tipped employees, as well as the garnishment limits. Is your state affected? Take a look at this chart, which details the changes. Tue, 04 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=278 Tax Cheer for Holiday Gifts to Employees https://www.roibusinessservices.com/blog.php?id=279 Here's what you need to know before making year-end gifts to employees, customers and other business contacts, including how the rules have been clarified under the Tax Cuts and Jobs Act. Tue, 04 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=279 Proposed Regs Would Expand Health Reimbursement Arrangements https://www.roibusinessservices.com/blog.php?id=281 The IRS, along with the Department of Labor and the Department of Health and Human Services, have issued proposed regulations that would allow employers to fund tax-exempted health reimbursement arrangements to help pay for employees' individual health insurance premiums. Tue, 04 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=281 4 Year-End Strategies to Lower Your Personal Tax Bill https://www.roibusinessservices.com/blog.php?id=280 The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax laws that will affect virtually all individual taxpayers. Tue, 04 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=280 2019 Q1 tax calendar: Key deadlines for businesses and other employers https://www.roibusinessservices.com/blog.php?id=277 2019 Q1 tax calendar: Tue, 04 Dec 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=277 IRS Ups the Ante on Retirement Contributions https://www.roibusinessservices.com/blog.php?id=276 Every year, the IRS releases cost-of-living adjustments to qualified retirement plan amounts. For tax year 2019, many of the limits applicable to pensions and other retirement plans will increase. Thu, 29 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=276 Estimates vs. actuals: Was your 2018 budget reasonable? https://www.roibusinessservices.com/blog.php?id=275 A good budget starts life as a plan and ends up as an accomplishment. So, with the year winding down, now is a good time to evaluate how your budget performed and start working on next yearâ??s. Thu, 29 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=275 Does prepaying property taxes make sense anymore? https://www.roibusinessservices.com/blog.php?id=274 You may be getting ready to prepay your property taxes like youâ??ve done every year to boost your itemized deductions. But this year, review your situation first to be sure this strategy will provide a tax benefit. Thu, 29 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=274 Devote some time to internal leadership development https://www.roibusinessservices.com/blog.php?id=273 A company well-stocked with employees who have leadership skills is a business thatâ??s poised for success. Owners and execs can make this happen by prioritizing internal leadership development. Thu, 29 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=273 Taking the hybrid approach to cloud computing https://www.roibusinessservices.com/blog.php?id=269 Cloud computing is becoming the norm for businesses. But public clouds present security concerns, while private clouds may seem limiting. Combining the two might be the answer. Tue, 20 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=269 Don't Gamble With Your Home-Based Business https://www.roibusinessservices.com/blog.php?id=272 With today's technology, more and more people are setting up home-based businesses. However, many of these ventures are vulnerable to huge financial losses in the event of fire, theft, natural disaster or other catastrophes. Tue, 20 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=272 Catch-up retirement plan contributions can be particularly advantageous post-TCJA https://www.roibusinessservices.com/blog.php?id=271 The income reduction from making catch-up contributions to your retirement plan might be especially beneficial in 2018 if you had significant itemized deductions in the past that now will be reduced or eliminated by the TCJA. Tue, 20 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=271 3 ways to get more from your marketing dollars https://www.roibusinessservices.com/blog.php?id=270 Albert Einstein allegedly once said, â??Creativity is intelligence having fun.â? So it should go with your companyâ??s marketing budget. Be creative in smart ways like these and you can maximize your ROI. Tue, 20 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=270 Tax Law Changes Affecting Partnerships, LLCs and Their Owners https://www.roibusinessservices.com/blog.php?id=268 For partnerships and limited liability companies, the Tax Cuts and Jobs Act (TCJA) brought a variety of changes. Some are beneficial and others are unfavorable. In the end, the positives far outweigh the negatives for individual owners and members, compared to prior law. This article provides an overview of what you need to know to operate in the post-TCJA world. Tue, 13 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=268 Tax Law Allows Employees to Defer Income from Equity-Based Pay https://www.roibusinessservices.com/blog.php?id=266 Restricted stock, stock options and other forms of equity-based compensation can help private companies attract and retain skilled workers. Now, thanks to the Tax Cuts and Jobs Act, the deal is even sweeter, because qualified employees may be able to defer the tax hit from these awards for up to five years. This article explains how this election works and what's required to qualify. Tue, 13 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=266 Mutual funds: Handle with care at year end https://www.roibusinessservices.com/blog.php?id=264 Investment decisions shouldnâ??t be driven by tax considerations alone, but taxes are still an important factor to consider, especially when it comes to mutual funds in taxable accounts. Consider these year-end tips. Tue, 13 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=264 Infographic: Here\'s a smart tax move: Donate appreciated art by year end. https://www.roibusinessservices.com/blog.php?id=265 infographic on charitable gifts Tue, 13 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=265 IRS Issues Guidance Deducting Meals Bought During Entertainment https://www.roibusinessservices.com/blog.php?id=267 As a small business owner, can you deduct for federal income tax purposes the costs of taking a customer or business contact out to a baseball game and buying hot dogs and drinks? The IRS just issued guidance answering that question. This article explains how these types of entertainment and meal expenses have changed under the Tax Cuts and Jobs Act. Tue, 13 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=267 Teen Drinking and Your Liability https://www.roibusinessservices.com/blog.php?id=261 Depending on the laws of your state, you may be held liable when your teenagers drink alcohol, even if it happens in your own home, and even if you aren't aware of it. Let's say you are away for a few hours in the evening and your teenagers throw an unapproved beer party in your living room. If someone gets hurt there or drives after drinking in your home, your liability could be enormous. Tue, 06 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=261 Tax Consequences of Borrowing From a Retirement Plan https://www.roibusinessservices.com/blog.php?id=260 Under some circumstances, you can borrow from your retirement account, depending on the type of plan you have. But should you? Only if you're aware of the tax consequences and the implications a loan can have on your future retirement funds. This article answers some questions about how much you can borrow, whether the interest is deductible and other issues to consider before signing loan documents. Tue, 06 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=260 Take a Loss While Shares are Still Listed https://www.roibusinessservices.com/blog.php?id=262 So you took the plunge into cheaply priced stocks â?? or your more expensive stocks plunged on their own â?? and you wound up taking a bath. Here's how the U.S. tax code might be able to help you avoid being completely soaked by that investment. Tue, 06 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=262 Firing an Employee? Consider a Separation Agreement https://www.roibusinessservices.com/blog.php?id=258 You may have done absolutely nothing wrong in terminating an employee. But if you want some assurance that the former employee won't decide to sue you or cause you other harm, consider a separation agreement. While this type of agreement isn't foolproof, it can give you a measure of support if needed. Here's how they work. Tue, 06 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=258 Errors and Omissions Insurance https://www.roibusinessservices.com/blog.php?id=263 Mistakes happen to all of us. But if it happens within your business, the effect can be devastating. That's where Errors and Omissions insurance becomes invaluable. While it's usually associated with professionals such as doctors and attorneys, anyone who provides a service for a fee should consider this kind of coverage. Tue, 06 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=263 Change management doesn't have to be scary https://www.roibusinessservices.com/blog.php?id=257 When a company must shift direction or do something differently, alarm and worry are common reactions. Mastering the concept of change management can allow your business to grow more securely and successfully. Tue, 06 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=257 Buy business assets before year end to reduce your 2018 tax liability https://www.roibusinessservices.com/blog.php?id=259 Investing in business assets is a traditional and powerful year-end tax planning strategy, and it might make even more sense in 2018 Tue, 06 Nov 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=259 What\'s Happened to My Tax-Free Transportation Fringe Benefits? https://www.roibusinessservices.com/blog.php?id=253 Employees accustomed to tax-free, transportation-related fringe benefits may be wondering what's happened. Employers may not be so generous with these benefits, following passage of the Tax Cuts and Jobs Act. The main reason: Employers no longer get deductions for the costs. Here's a look at the new rules and the ways you can still save on taxes. Tue, 30 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=253 Reduce insurance costs by encouraging employee wellness https://www.roibusinessservices.com/blog.php?id=251 Is your business struggling with high insurance costs? Although safety is undoubtedly important, employee wellness is an often-overlooked factor in expensive policies and rising premiums. Tue, 30 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=251 Owning a Home Has Tax Advantages But There Are Limits https://www.roibusinessservices.com/blog.php?id=255 American homeowners expect some tax-saving payback from Uncle Sam for all the interest paid, not to mention the other costs of ownership. However, some people overestimate the tax benefits of owning a home and are disappointed when tax time comes. Here's a realistic look at the tax breaks you can expect from home ownership, and what limitations may apply. Tue, 30 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=255 Donate appreciated stock for twice the tax benefits https://www.roibusinessservices.com/blog.php?id=252 For certain charitably inclined taxpayers, donating appreciated stock to charity can be an excellent year-end tax planning strategy. This may be especially true if the stock is highly appreciated and youâ??d like to sell it but are worried about the tax liability. Tue, 30 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=252 Deducting Pass-Through Business Losses https://www.roibusinessservices.com/blog.php?id=256 Tax law changes further restrict the amount of losses that sole proprietors, partners, LLC members and S corporation shareholders can currently deduct â?? starting in 2018. This is potentially bad news for start-ups and other business ventures that are incurring tax losses. Here's an overview of the new rules for so-called excess business losses and net operating losses (NOLs). Tue, 30 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=256 Age 50 or Older? Consider Extra Retirement Contributions https://www.roibusinessservices.com/blog.php?id=254 Studies show that many Americans aren't setting aside enough money to make their retirement years secure. If you're getting a late start, even contributing the maximum amount each year might not be enough. That's why the IRS allows taxpayers age 50 and older to make additional "catch-up" contributions. To find out how fast those extra deposits can add serious money to your nest egg, keep reading. Tue, 30 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=254 Social Security Wage Base and Earnings Test Amounts Increase for 2019 https://www.roibusinessservices.com/blog.php?id=247 The Social Security Administration recently announced two key figures for 2019: The "wage base" and the "earnings test" amounts. The wage base is the maximum amount of earnings subject to Social Security tax.The earnings test limits the amount that Social Security beneficiaries can earn while collecting benefits if they haven't reached their full retirement age. Tue, 23 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=247 Social Security Quiz https://www.roibusinessservices.com/blog.php?id=246 how much was the first Social Security retirement benefit payment Tue, 23 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=246 Investigate Zoning Restrictions Before Committing to a Location https://www.roibusinessservices.com/blog.php?id=250 Zoning laws outline legally acceptable uses for locations, and previous use is no guarantee that your business will be able to set up shop at your desired locale. Before you sign a rental agreement or a contract to buy commercial real estate be sure to check out the local zoning laws. Taking this precaution can help avoid expensive troubles. Tue, 23 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=250 Intelligent Home Refinancing https://www.roibusinessservices.com/blog.php?id=249 Sure, advertising can make refinancing sound great. Get a new mortgage at a lower rate and save a lot of money. But before you dive into it, make some serious calculations. Here's a guide to help you decide whether refinancing suits you. Tue, 23 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=249 Following the ABCs of customer assessment https://www.roibusinessservices.com/blog.php?id=244 The customer may always be right, but not every customer is profitable. As your business looks to finish strong this year and do even better next year, follow the ABCs that will reveal your best buyers â?¦ and your worst. Tue, 23 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=244 Could "bunching" medical expenses into 2018 save you tax? https://www.roibusinessservices.com/blog.php?id=245 If your total itemized deductions for 2018 will exceed your standard deduction, bunching nonurgent medical procedures and other controllable expenses into 2018 may allow you to exceed the applicable floor and benefit from the medical expense deduction. Tue, 23 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=245 Reporting Income from Vacation Home Rentals under Today\'s Tax Rules https://www.roibusinessservices.com/blog.php?id=248 This article explains how to report income and expenses under the Tax Cuts and Jobs Act for properties that are rented out but also used a great deal of time by owners and their family and friends Tue, 23 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=248 Tax-free fringe benefits help small businesses and their employees https://www.roibusinessservices.com/blog.php?id=237 The tax treatment of fringe benefits varies. Many types are tax-free to employees, but the TCJA has changed the tax treatment of some benefits. Tue, 16 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=237 Non-Compete Agreements: What Can They Accomplish? https://www.roibusinessservices.com/blog.php?id=243 Fear is the basis of non-compete agreements â?? fear that an employee might run off to a competitor and take along some highly specialized knowledge. And while that concern is legitimate, these types of agreements must be phrased carefully and they can't unreasonably restrict a former employee's activities. Tue, 16 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=243 Fun fact: How an accountant shaped a major soft drink's brand. https://www.roibusinessservices.com/blog.php?id=240 Tue, 16 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=240 Employers: IRS Updates Business Travel Per Diems https://www.roibusinessservices.com/blog.php?id=241 Itemized deductions for unreimbursed business expenses are disallowed for employees from 2018 through 2025 Tue, 16 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=241 Consider all the tax consequences before making gifts to loved ones https://www.roibusinessservices.com/blog.php?id=242 Because of the high exemption under the TCJA, few Americans have to worry about facing federal gift and estate tax liability in the next several years. Tue, 16 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=242 4 pillars of a solid sales process https://www.roibusinessservices.com/blog.php?id=239 Leaky revenue streams and an ever-dampening mood at your company may be directly attributable to a broken-down sales process. It could be time to reinforce the ceiling. Letâ??s look at the four elements that support sustained success. Tue, 16 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=239 4 pillars of a solid sales process https://www.roibusinessservices.com/blog.php?id=238 Leaky revenue streams and an ever-dampening mood at your company may be directly attributable to a broken-down sales process. It could be time to reinforce the ceiling. Letâ??s look at the four elements that support sustained success. Tue, 16 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=238 Time to Take Inventory of Your Assets https://www.roibusinessservices.com/blog.php?id=236 It's a good idea to make a list of the value of your assets, including your stocks and bonds. It probably won't take long, but this inventory could be of great help when planning your estate, preparing tax returns and applying for a loan. Here's a rundown of what to include. Tue, 09 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=236 Succeeding At Business Succession https://www.roibusinessservices.com/blog.php?id=235 Sixty-six percent of small-business owners have no formal succession plan, according to one online legal document creation service. While the number may shock you, it's probably not surprising since so many small business owners are consumed by the myriad responsibilities of running their businesses. Nevertheless, owners ignore succession planning at their peril, and possibly at the peril of their heirs. Tue, 09 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=235 Minimizing Your Risk of Cyber Breach https://www.roibusinessservices.com/blog.php?id=232 Here's some advice to help businesses lower their risk of future cyber breaches. Tue, 09 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=232 Insurance Matters: Disability and Your Finances https://www.roibusinessservices.com/blog.php?id=233 Rather than depending on a government program to protect their income in the event of a disability, many individuals prefer to protect themselves with personal disability insurance. This article details the various aspects of governmental and personal disability coverage. Tue, 09 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=233 Ensure You Qualify for Charitable Donation Deductions https://www.roibusinessservices.com/blog.php?id=231 Like most tax breaks, charitable deductions come with many rules. This article covers some of the details of writing off donations of cash, non-cash items, appreciated securities, and even vehicles, boats and planes. It also provides eight steps to finding an IRS-approved charity. Tue, 09 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=231 Charitable IRA rollovers may be especially beneficial in 2018 https://www.roibusinessservices.com/blog.php?id=234 With the TCJAâ??s near doubling of the standard deduction, making a direct charitable IRA rollover can be particularly powerful for taxpayers old enough to be eligible. Tue, 09 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=234 A strong BYOD policy combines convenience with security https://www.roibusinessservices.com/blog.php?id=230 Here are some important points to keep in mind when creating a â??bring your own deviceâ? policy. Tue, 09 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=230 What\'s Involved in Being an Estate Executor? https://www.roibusinessservices.com/blog.php?id=227 It's flattering to be asked to serve as the executor of a loved one's estate. But before you accept, make sure you know the amount of work involved -- as well as the legal liability involved. You should also be aware of the workload before you choose someone to be the executor of your own estate. Here is a list of some of the duties that executors must perform. Tue, 02 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=227 What Makes More Sense? Temps or Full-Timers? https://www.roibusinessservices.com/blog.php?id=226 Filling certain positions with temporary workers rather than full-time employees sometimes makes sense. But organizations must make the decision wisely and comply with regulations that classify employees and differentiate them from temps. Tue, 02 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=226 The Tax Treatment of Moving Expense Reimbursements https://www.roibusinessservices.com/blog.php?id=225 Tax treatment of moving expenses has changed, as part of the Tax Cuts and Jobs Act (TCJA). Tue, 02 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=225 Take a Loss While Shares are Still Listed https://www.roibusinessservices.com/blog.php?id=229 So you took the plunge into cheaply priced stocks â?? or your more expensive stocks plunged on their own â?? and you wound up taking a bath. Tue, 02 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=229 Synchronize Your Student With College Savings https://www.roibusinessservices.com/blog.php?id=224 As your children grow, the clock keeps ticking away on college savings opportunities. Will your family's finances be ready to handle the college years? Tue, 02 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=224 Do Not Take Tax Chances on Gambling https://www.roibusinessservices.com/blog.php?id=228 Gambling winnings fall under the Internal Revenue Code definition of gross income "from whatever source derived," and that means they are taxable. Tue, 02 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=228 Dig out your business plan to prepare for the year ahead https://www.roibusinessservices.com/blog.php?id=223 It may lie buried deep within a desk drawer or file cabinet, or perhaps on a hard drive somewhere. Once discovered, it can provide remarkable insights. Hereâ??s why you should unearth and revitalize your business plan. Tue, 02 Oct 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=223 Tax planning for investments gets more complicated https://www.roibusinessservices.com/blog.php?id=221 Year-end tax planning for investments is especially complicated in 2018. Tue, 25 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=221 Medical Expense Deductions https://www.roibusinessservices.com/blog.php?id=220 Infographic: For 2018, taxpayers can itemize medical expenses that total only 7.5% of AGI. Tue, 25 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=220 Keeping a king in the castle with a well-maintained cash reserve https://www.roibusinessservices.com/blog.php?id=218 Every business owner knows the kingly importance of cash. Maintaining a ready reserve of dollars can enable you to better compete and grow your business. But a reserve can also be too big. Letâ??s discuss how to find and maintain the right balance. Tue, 25 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=218 IRS Issues Proposed Guidance on Controversial SALT Limitation https://www.roibusinessservices.com/blog.php?id=222 The Tax Cuts and Jobs Act limits itemized deductions for state and local taxes (SALT). Tue, 25 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=222 ILLINOIS TAX: "Wayfair nexus" and Angel Investment Tax Credit Program https://www.roibusinessservices.com/blog.php?id=219 wayfair nexus, angel investment tax credit program in Illinois Tue, 25 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=219 The tax deduction ins and outs of donating artwork to charity https://www.roibusinessservices.com/blog.php?id=214 Donating artwork is a great way to share enjoyment of the work with others. But to maximize the tax benefit, too, you must plan your gift carefully and follow all the rules. Tue, 18 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=214 Tax Law Expands Accounting Method Options for Small Businesses https://www.roibusinessservices.com/blog.php?id=215 Tax Law Expands Accounting Method Options for Small Businesses Tue, 18 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=215 QBI Deduction Provides Tax Break to Pass-Through Entity Owners https://www.roibusinessservices.com/blog.php?id=217 The IRS recently issued proposed reliance regulations to help clarify the new qualified business income (QBI) deduction that was introduced as part of the Tax Cuts and Jobs Act. Tue, 18 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=217 Gen Z May Change How You Manage Employees https://www.roibusinessservices.com/blog.php?id=216 Generation Z is beginning to infiltrate the workforce. Are you prepared? Tue, 18 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=216 Are you ready to expand to a second location? https://www.roibusinessservices.com/blog.php?id=213 Adding a second location is a major event in any companyâ??s history. But rushing into this accomplishment could leave you vulnerable to financial misfortune or even ruin. Letâ??s slow down and discuss. Tue, 18 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=213 What's Next for State Tax Nexus? https://www.roibusinessservices.com/blog.php?id=210 The recent Wayfair decision has drastically altered the landscape for states that want to collect sales and use taxes. Tue, 11 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=210 Prepare for valuation issues in your buy-sell agreement https://www.roibusinessservices.com/blog.php?id=208 Creating a good buy-sell agreement is a critical risk-management step for any successful business with multiple owners. Valuation issues will play a major role in getting it done right. Tue, 11 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=208 Personal Finance - Tax Consequences of Borrowing From a Retirement Plan https://www.roibusinessservices.com/blog.php?id=211 Under some circumstances, you can borrow from your retirement account, depending on the type of plan you have. But should you? Tue, 11 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=211 Looking for a New Home? Know How Much You Can Afford https://www.roibusinessservices.com/blog.php?id=212 If you're in the market for a new house, do you know how much house you can afford? Sometimes our eyes are bigger than our wallets. Figuring out what you can comfortably afford may be difficult, especially because "affordability" often has different meanings for different people. Here's some guidance to help make the calculation easier. Tue, 11 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=212 2018 Q4 tax calendar: Key deadlines for businesses and other employers https://www.roibusinessservices.com/blog.php?id=209 It must be fall! For businesses, that means itâ??s time to begin year-end tax planning. Itâ??s also time to think about the fourth quarter 2018 filing deadlines. Tue, 11 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=209 Mark Mirsky, ROI CPE LLC presented at ICPAS SUMMIT18 https://www.roibusinessservices.com/blog.php?id=203 Mark Mirsky, from ROI CPE LLC presented at the ICPAS SUMMIT18 Tue, 04 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=203 HSA + HDHP can be a winning health benefits formula https://www.roibusinessservices.com/blog.php?id=205 Looking for the right equation that adds up to an affordable, effective means of offering health care benefits to your employees? Letâ??s crunch the numbers behind the HSA + HDHP model. Tue, 04 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=205 Effective Retirement Planning Includes Contingencies https://www.roibusinessservices.com/blog.php?id=207 Roughly one in five Americans in the workforce believe that "working for pay" will be a major source of their retirement income. This is according to the "2018 Retirement Confidence Survey" produced by the Employee Benefit Research Institute (EBRI). Nearly half of respondents believe paid work will be a minor source of retirement income for them. Tue, 04 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=207 Do you need to make an estimated tax payment by September 17? https://www.roibusinessservices.com/blog.php?id=204 Two of the 2018 estimated tax payment deadlines for individuals have already passed; the third one is coming up very soon. Hereâ??s how to determine if you need to make a payment. Tue, 04 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=204 Back-to-school time means a tax break for teachers https://www.roibusinessservices.com/blog.php?id=206 Fall is almost here and students are returning to school. For many teachers, that also means the return of out-of-pocket classroom expenses. Fortunately, they can enjoy a tax deduction for some of these costs. Tue, 04 Sep 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=206 Watch Out for these Tax Issues When Planning for Your Business in 2018 https://www.roibusinessservices.com/blog.php?id=199 The Tax Cuts and Jobs Act makes sweeping changes. But some of the new provisions won't necessarily be relevant to your situation. Here's a quick reference guide to the major changes under the new law to help you understand what's changing. Tue, 28 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=199 The ABCs of Higher Education Tax Breaks https://www.roibusinessservices.com/blog.php?id=201 The Tax Cuts and Jobs Act (TCJA) includes many changes that affect individual taxpayers. But, in terms of tax breaks for higher education, the new tax law generally maintains the status quo, with a few minor tweaks here and there. Here's the rundown on education-related tax breaks for 2018 and beyond. Tue, 28 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=201 Protect Your Company Against Fraud https://www.roibusinessservices.com/blog.php?id=202 All types of organizations now fall victim to internal and external fraud, including not-for-profits, government entities, small companies, and corporate giants. Tue, 28 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=202 New ACA Legal Battle Could Affect Individual and Employer Health Coverage https://www.roibusinessservices.com/blog.php?id=200 The Affordable Care Act (ACA) has been controversial since it was enacted in 2010. The latest legal attack calls into question whether insurance carriers will still be required to issue coverage to individuals without regard to pre-existing medical conditions, and the degree of pricing flexibility that carriers will have based on the demographics of a covered group. Tue, 28 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=200 Business tips for back-to-school time https://www.roibusinessservices.com/blog.php?id=198 When students head back to school, you can take your business development efforts to the next level. Look for ways such as these to get noticed while building relationships and improving your local community. Tue, 28 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=198 Test Your Life Insurance Knowledge https://www.roibusinessservices.com/blog.php?id=194 Life insurance is a key risk management tool that can help you pursue your financial dreams and help protect the ones you love. It also can be pretty complicated. See where you fall on your understanding of life insurance by taking this short quiz. Tue, 21 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=194 Play your tax cards right with gambling wins and losses https://www.roibusinessservices.com/blog.php?id=196 For those who enjoy gambling as a hobby, as a professional or only on occasion, be sure you understand the tax hand you've been dealt. The TCJA could make the consequences a little different from last year. Tue, 21 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=196 Leaving Town? Here's a Financial Planning Checklist https://www.roibusinessservices.com/blog.php?id=195 When you're planning a trip, you're probably busy with travel arrangements, having the funds you need and other practical issues, such as having someone cover you at the office and keep an eye on your house. Tue, 21 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=195 Here\'s the Skinny on Starting an Intership Program https://www.roibusinessservices.com/blog.php?id=197 The top ten categories for internships are business operations, marketing, engineering, sales/business development, media/communications/public relations, data analytics, finance, information technology development (IT), arts and design, and project management. Tue, 21 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=197 Choosing the right accounting method for tax purposes https://www.roibusinessservices.com/blog.php?id=192 The availability of the cash method of accounting for tax purposes has been expanded by the TCJA. If your business is currently using the accrual method, it might be time for a change. Tue, 21 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=192 6 ways to get more value from an IT consultant https://www.roibusinessservices.com/blog.php?id=193 Thereâ??s nothing wrong with expecting an IT consultant to be a knowledgeable, hard-working problem solver. But, to get the most from the arrangement, your business will have to put in some effort, too. Tue, 21 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=193 What are the biggest D&O risks? https://www.roibusinessservices.com/blog.php?id=188 Mon, 13 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=188 Contemplating compensation increases and pay for performance https://www.roibusinessservices.com/blog.php?id=187 how you go about increasing employeesâ?? compensation can be tricky. Here are some points to consider regarding the pay-for-performance model. Mon, 13 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=187 Breaking Into Your 401(k) is an Expensive Way to Raise Cash https://www.roibusinessservices.com/blog.php?id=189 Do you need money fast or are you switching jobs? Your 401(k) plan might look tempting. But don't waste your hard-earned savings. Here are the reasons to leave your 401(k) alone or roll it over to another plan. Mon, 13 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=189 Age Has its Privileges ... and Penalties https://www.roibusinessservices.com/blog.php?id=191 Did you, or someone in your family, have a birthday recently? Reaching certain ages can result in the need to make some tax and financial moves. Miss certain deadlines and you might lose out on valuable tax breaks. Take a look at some age-related milestones and why they may be important to you and your family members. Mon, 13 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=191 https://www.roibusinessservices.com/blog.php?id=190 Mon, 13 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=190 The TCJA prohibits undoing 2018 Roth IRA conversions, but 2017 conversions are still eligible https://www.roibusinessservices.com/blog.php?id=182 There still may be time to undo your 2017 Roth IRA conversion. But think twice before converting this year because you wonâ??t have the same flexibility with a 2018 conversion. Tue, 07 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=182 Maximize Social Security Benefits When You Retire https://www.roibusinessservices.com/blog.php?id=186 Get the most from Social Security. Tue, 07 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=186 Is there a weak link in your supply chain? https://www.roibusinessservices.com/blog.php?id=183 No businessâ??s supply chain is completely risk-proof, but some are stronger than others. To safeguard your ongoing operations and profitability, examine yours for vulnerabilities. Tue, 07 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=183 How to \'Stage\' Your Home When Selling https://www.roibusinessservices.com/blog.php?id=184 Before putting your home on the market these days, it's important to "stage" it. Tue, 07 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=184 Handbook Essentials to Protect Your Business https://www.roibusinessservices.com/blog.php?id=185 Handbook Essentials to Protect Your Business Tue, 07 Aug 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=185 Smart Ways to Handle Off-Site Employees https://www.roibusinessservices.com/blog.php?id=181 Telecommuting eliminates many problems, but having employees working off site also creates unique management challenges. Tue, 31 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=181 Here\'s how the IRS contacts taxpayers https://www.roibusinessservices.com/blog.php?id=177 Everyone should know how the IRS contacts taxpayers. This will help people avoid becoming a victim of scammers who pretend to be from the IRS with a goal of stealing personal information. Tue, 31 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=177 Get SMART when it comes to setting strategic goals https://www.roibusinessservices.com/blog.php?id=176 Strategic planning is key to ensuring every companyâ??s long-term viability, and goal setting is an indispensable step toward fulfilling those plans. Tue, 31 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=176 Employee Ideas & Involvement - What\'s Best? Silent or Talking Employees? https://www.roibusinessservices.com/blog.php?id=180 There's formal learning, the kind employees get in classroom training. Then there is informed learning, the kind employees share with each other. And then there's this question: "Should management try to discourage 'chatter' between employees?" Tue, 31 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=180 Do you still need to worry about the AMT? https://www.roibusinessservices.com/blog.php?id=179 The alternative minimum tax (AMT) has long been a worry to many individual taxpayers. Learn how TCJA changes might affect your AMT risk, and see our AMT planning tips. Tue, 31 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=179 Sales tax Rate Change July 1, 2018 https://www.roibusinessservices.com/blog.php?id=175 Sales tax Rate Change July 1, 2018 Wed, 25 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=175 Why the \"kiddie tax\" is more dangerous than ever https://www.roibusinessservices.com/blog.php?id=171 If youâ??re considering making a gift of income-producing or appreciated assets to a minor or a college student, beware of the big, bad kiddie tax. Itâ??s fiercer under the TCJA. Tue, 24 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=171 Trust is an essential building block of today's websites https://www.roibusinessservices.com/blog.php?id=170 The foundation of every effective business website contains one common building block: trust. Tue, 24 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=170 The ABCs of Higher Education Tax Breaks https://www.roibusinessservices.com/blog.php?id=172 The Tax Cuts and Jobs Act (TCJA) includes many changes that affect individual taxpayers. But, in terms of tax breaks for higher education, the new tax law generally maintains the status quo, with a few minor tweaks here and there. Here's the rundown on education-related tax breaks for 2018 and beyond. Tue, 24 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=172 New Law Makes Education-Savings Tools More Flexible https://www.roibusinessservices.com/blog.php?id=173 From private preschool classes to college tuition, educating your family can be expensive. You can help lower the out-of-pocket costs by planning ahead with tax-advantaged education savings tools. Tue, 24 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=173 New Law Expands the Flexibility of ABLE Accounts https://www.roibusinessservices.com/blog.php?id=174 Tax-favored Achieving a Better Life Experience (ABLE) accounts are designed to help people with disabilities and their families to save and pay for disability-related expenses. Tue, 24 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=174 Effects of the Tax Law Vary Based on Major Life Events https://www.roibusinessservices.com/blog.php?id=169 The Tax Cuts and Jobs Act (TCJA) has brought sweeping changes to the federal income tax rules for individuals. Tue, 17 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=169 Close-up on the new QBI deduction's wage limit https://www.roibusinessservices.com/blog.php?id=168 The TCJAâ??s new deduction for owners of pass-through entities can be 20% of qualified business income. But a wage-based limit applies if an ownerâ??s taxable income exceeds certain levels. Find out how the limit works. Tue, 17 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=168 3 keys to a successful accounting system upgrade https://www.roibusinessservices.com/blog.php?id=167 Should you unlock a new and better version of your companyâ??s accounting software? This decision can be made easier by looking at these three key considerations. Tue, 17 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=167 What you can deduct when volunteering https://www.roibusinessservices.com/blog.php?id=164 Assuming a charity is qualified, you may be able to deduct some of the out-of-pocket costs you incur when volunteering for the organization. Tue, 10 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=164 New ACA Legal Battle Could Affect Individual and Employer Health Coverage https://www.roibusinessservices.com/blog.php?id=166 The latest legal attack (from ACA) calls into question whether insurance carriers will still be required to issue coverage to individuals without regard to pre-existing medical conditions, Tue, 10 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=166 Is your inventory getting the better of you? https://www.roibusinessservices.com/blog.php?id=163 As every business owner knows, maintaining just the right amount of inventory is no easy task. Hereâ??s how to manage it effectively. Tue, 10 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=163 Home green home: Save tax by saving energy https://www.roibusinessservices.com/blog.php?id=165 If you invest in certain green equipment at home, you can save green in the form of tax credits (not to mention the savings on energy costs going forward). Learn what qualifies and how much you can save. Tue, 10 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=165 Run the numbers before you extend customer credit https://www.roibusinessservices.com/blog.php?id=160 Requiring a comprehensive credit application and crunching the right numbers can prevent or mitigate this costly problem. Tue, 03 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=160 Finding a 401(k) that's right for your business https://www.roibusinessservices.com/blog.php?id=162 When ready to offer a 401(k) plan, business owners shouldnt assume they're limited to a traditional plan. There are other types of 401(k)s that may better suit your company. Tue, 03 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=162 Do you know the ABCs of HSAs, FSAs and HRAs? https://www.roibusinessservices.com/blog.php?id=161 HSAs,FSAs and HRAs may seem like groups of letters you might spot floating in your alphabet soup. But they actually are three kinds of accounts that offer tax-advantaged funding of health care expenses. HereÃ?¢??s a quick comparison. Tue, 03 Jul 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=161 Watch Out for these Tax Issues When Planning for Your Business in 2018 https://www.roibusinessservices.com/blog.php?id=157 A quick reference guide to the major changes under the new TCJA tax laws. Tue, 19 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=157 Tools to help you reach major financial goals. https://www.roibusinessservices.com/blog.php?id=153 Infographic: Tools to help you reach major financial goals. Tue, 19 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=153 New Tax Benefits of Hiring Your kid https://www.roibusinessservices.com/blog.php?id=158 Summer jobs can be an effective way to teach children about financial responsibility, encourage them to save for college or retirement, and provide them with spending money during the school year. Tue, 19 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=158 Know the Rules Before Checking Employee Medical Records https://www.roibusinessservices.com/blog.php?id=159 The FMLA can be a minefield in several ways, including how to document eligibility for leave. Tue, 19 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=159 A midyear review should go beyond financials https://www.roibusinessservices.com/blog.php?id=155 Summer break, for business owners, means time to take a breather with the management team and engage in a productive midyear review. Tue, 19 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=155 A midyear review should go beyond financials https://www.roibusinessservices.com/blog.php?id=154 Summer break, for business owners, means time to take a breather with the management team and engage in a productive midyear review. Tue, 19 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=154 2018 Q3 tax calendar: Key deadlines for businesses and other employers https://www.roibusinessservices.com/blog.php?id=156 Important Q3 2018 tax deadlines Tue, 19 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=156 Timing and Taxes: Two Critical Issues when Buying or Selling a Home https://www.roibusinessservices.com/blog.php?id=152 You might be in a rush to buy or sell a home before summer starts or interest rates increase even more. But, first, it's important to review the tax rules related to home sales and deductions for mortgage interest, property taxes and work-related moving expenses. Beware: Some rules have changed under the Tax Cuts and Jobs Act (TCJA). Tue, 12 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=152 The tax impact of the TCJA on estate planning https://www.roibusinessservices.com/blog.php?id=151 Your estate plan may need a tax update in light of the Tax Cuts and Jobs Act, even if your estate is well under the new $11.18 million estate tax exemption. Tue, 12 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=151 Take Advantage of Expanded Tax Breaks for Business Vehicles https://www.roibusinessservices.com/blog.php?id=150 The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here's what small business owners need to know to take advantage. Tue, 12 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=150 New Study Reveals Costs, Means and Ways to Stop Fraud https://www.roibusinessservices.com/blog.php?id=149 Would you leave the front door unlocked to your business or not-for-profit organization? Of course not. That would give thieves easy access to your assets. Yet a surprising number of organizations don't have strong antifraud controls in place to protect against dishonest people inside their organizations. And theft from insiders Ã?¢?? also referred to as "occupational fraud" Ã?¢?? can be costly. Tue, 12 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=149 Could a long-term deal ease your succession planning woes? https://www.roibusinessservices.com/blog.php?id=148 No one ever said succession planning would be easy. If youâ??re starting to think about retirement and are struggling with your succession plan, consider the benefits of a long-term deal to gradually transition ownership to an outside buyer. Tue, 12 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=148 Taxpayers should know the telltale signs of a scam https://www.roibusinessservices.com/blog.php?id=147 To avoid becoming a victim, taxpayers should remember these telltale signs of a scam. Tue, 05 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=147 Saving tax on restricted stock awards with the Sec. 83(b) election https://www.roibusinessservices.com/blog.php?id=145 Have you recently been awarded restricted stock or do you expect to be awarded such stock this year? The Section 83(b) election can be beneficial if the income at the grant date is negligible or the stock is likely to appreciate significantly. Tue, 05 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=145 Factor in state and local taxes when deciding where to live in retirement https://www.roibusinessservices.com/blog.php?id=146 Trying to decide where to retire? To avoid unpleasant tax surprises, itâ??s critical to consider state and local income, property, sales and estate taxes. Tue, 05 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=146 Bookings vs. shippings: A sales flash report primer https://www.roibusinessservices.com/blog.php?id=144 Itâ??s critical for every business to track sales activity. But if you wait too long to get the results, youâ??ll have little recourse to act. Flash reports can give you a daily burst of insightful data. Tue, 05 Jun 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=144 The TCJA changes some rules for deducting pass-through business losses https://www.roibusinessservices.com/blog.php?id=140 Pass-through business owners: When can losses be deducted? How much can you deduct in any given year? The TCJA has changed some rules, and you wonâ??t find the changes favorable. Tue, 29 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=140 Plan ahead for vacation home rentals https://www.roibusinessservices.com/blog.php?id=139 Owners need to be aware of the tax implications of residential and vacation home rentals. Tue, 29 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=139 Patents, Non-Compete and Financial Success https://www.roibusinessservices.com/blog.php?id=137 The financial success of your business, like many companies, may be due to its intellectual property. And legally, your organization is the only entity that can profit from its patents, copyrights or trademarks. Tue, 29 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=137 Don't Overlook a Roth IRA if You are Self-Employed https://www.roibusinessservices.com/blog.php?id=142 roth IRA advantages Tue, 29 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=142 Cost control takes a total team effort https://www.roibusinessservices.com/blog.php?id=141 High business expenses can creep up from many directions. Thatâ??s why every company needs multiple eyes keeping watch, from management to employees to outside advisors. A cost control program can help. Tue, 29 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=141 Ask the right questions about your IT strategy https://www.roibusinessservices.com/blog.php?id=138 Todayâ??s technology takes care of itself, right? Not exactly. Todayâ??s business owners need to be vigilantly curious about whether their IT strategies are working and what could use an upgrade. Tue, 29 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=138 Mandatory E-Verify May Be Coming, Are You Ready? https://www.roibusinessservices.com/blog.php?id=135 E-verify, the electronic service, launched in 1996, is primarily a voluntary web-based system, though it could soon become mandatory. Tue, 22 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=135 Do Employers Have to Compensate Hourly Technicians for Travel Time https://www.roibusinessservices.com/blog.php?id=136 The U.S. Department of Labor's (DOL) Wage and Hour Division (WHD) has issued a new Opinion Letter on whether employers must compensate employees for travel time. Tue, 22 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=136 Could your next business loan get "ratio'd" https://www.roibusinessservices.com/blog.php?id=134 Before applying for a loan, business owners should consider which metrics a bank will rely on for approval and then ensure the company's financials fit the bill. Tue, 22 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=134 4 ways to encourage innovation in customer service https://www.roibusinessservices.com/blog.php?id=133 Revising your approach to customer service may seem like reinventing the wheel. But as buying trends, technology and culture change, so must your methods of interacting with customers. Thu, 17 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=133 Be aware of the tax consequences before selling your home https://www.roibusinessservices.com/blog.php?id=132 The TCJA preserves the home sale gain exclusion, so if youâ??re selling your principal residence, you may be able to exclude up to $250,000 ($500,000 for joint filers) of gain, tcja Tue, 15 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=132 Do you need to adjust your withholding? https://www.roibusinessservices.com/blog.php?id=131 Post-TCJA withholding tables could put you at risk of significantly underwithholding your federal income taxes and being hit with an unexpectedly high tax bill when you file your 2018 tax return next year. HereÃ??Ã?¢??s what to do to avoid this outcome. Thu, 10 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=131 Get started on 2018 tax planning now! https://www.roibusinessservices.com/blog.php?id=130 If you recently filed your 2017 individual income tax return or filed for an extension, it may seem like some time off from thinking about taxes is in order. But taking such a break could be costly, especially this year. Fri, 04 May 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=130 Tax document retention guidelines for small businesses https://www.roibusinessservices.com/blog.php?id=129 Itâ??s easy to accumulate a mountain of paperwork (physical or digital) from years of filing tax returns. Here are some guidelines to help small businesses determine what they need to keep and what they can throw out. Mon, 30 Apr 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=129 Haven't filed your 2017 income tax return yet? Beware of these pitfalls https://www.roibusinessservices.com/blog.php?id=128 The April 17 individual income tax return filing deadline is almost here. If you haven't filed yet, watch out for these pitfalls. Tue, 10 Apr 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=128 3 ways to supercharge your supervisors https://www.roibusinessservices.com/blog.php?id=127 Every company wants to hit the stratosphere of success and profitability. But if your people managers are sputtering along on fumes, thatâ??s probably not going to happen. Help them skyrocket to greater heights. Thu, 05 Apr 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=127 2018 Q2 tax calendar: Key deadlines for businesses and other employers https://www.roibusinessservices.com/blog.php?id=126 What additional tax deadlines are there for businesses and other employers during the second quarter of 2018? Fri, 30 Mar 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=126 Home-related tax breaks are valuable on 2017 returns, will be less so for 2018 https://www.roibusinessservices.com/blog.php?id=125 Are you a homeowner? Then home-related tax breaks may provide significant savings on your 2017 return. But the tax-saving outlook isnâ??t as rosy for 2018. Tue, 27 Mar 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=125 A day of Irish. Friends, food, music and a little green at O\'Hares pub. https://www.roibusinessservices.com/blog.php?id=124 Sat, 17 Mar 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=124 Building a sales prospect pipeline for your business https://www.roibusinessservices.com/blog.php?id=123 Every business wants to fuel its success with a high-octane sales process. To make that happen, you need an effective pipeline to get the right prospects to your sales team. Thu, 15 Mar 2018 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=123 7 ways to prepare your business for sale https://www.roibusinessservices.com/blog.php?id=122 Putting a â??for saleâ? sign out in front of your company is a major undertaking. So, if your succession plan involves selling the business, be sure youâ??re ready for the many details involved. Sat, 10 Mar 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=122 Size of charitable deductions depends on many factors https://www.roibusinessservices.com/blog.php?id=121 Decemberâ??s Tax Cuts and Jobs Act preserves the charitable deduction. But you still might find that you donâ??t enjoy the same tax benefits from charitable giving in 2018 as you do on your 2017 return. Tue, 06 Mar 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=121 What you need to know about year-end charitable giving in 2017 https://www.roibusinessservices.com/blog.php?id=120 Delivery date, qualified charity status and tax reform impact are key in 2017 donation plans. Fri, 02 Mar 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=120 Tax deduction for moving costs: 2017 vs. 2018 https://www.roibusinessservices.com/blog.php?id=119 If you moved in 2017, you might be able to deduct some of your moving expenses on your 2017 tax return. Unfortunately, if you move in 2018, itâ??s a different story. Fri, 23 Feb 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=119 Families with college students may save tax on their 2017 returns with one of these breaks https://www.roibusinessservices.com/blog.php?id=118 The recently passed Bipartisan Budget Act of 2018 included an extension of the tuition and fees deduction. But that may not be the best higher-education break to claim on your 2017 return. Tue, 13 Feb 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=118 Can you deduct home office expenses? https://www.roibusinessservices.com/blog.php?id=117 You might be able to deduct home office expenses for 2017 but not 2018. Hereâ??s why. Mon, 05 Feb 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=117 Tax Cuts & Jobs Act of 2017 Seminar a Success! https://www.roibusinessservices.com/blog.php?id=116 Tax Cuts & Jobs Act of 2017 Seminar held by ROI Business Services, LLC at Bartlett Hills Golf January 10, 2018 Fri, 12 Jan 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=116 Don't be a victim of tax identity theft: File your 2017 return early https://www.roibusinessservices.com/blog.php?id=115 At tax filing time, a large tax bill isnâ??t your only risk. So is tax identity theft. To protect yourself, be speedy. Tue, 09 Jan 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=115 The TCJA temporarily expands bonus depreciation https://www.roibusinessservices.com/blog.php?id=114 The new tax lawâ??s enhanced bonus depreciation provision may save tax on your 2017 return. Tue, 02 Jan 2018 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=114 Tax Cuts and Jobs Act: Key provisions affecting individuals https://www.roibusinessservices.com/blog.php?id=113 The Tax Cuts and Jobs Act will have a big impact on most individual taxpayers. Tue, 26 Dec 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=113 401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant https://www.roibusinessservices.com/blog.php?id=112 How much should you contribute to retirement plans in 2018? Wed, 20 Dec 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=112 Even if your income is high, your family may be able to benefit from the 0% long-term capital gains rate https://www.roibusinessservices.com/blog.php?id=111 Higher-bracket taxpayers can take advantage of the 0% long-term gains rate. Tue, 05 Dec 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=111 Valuation often affects succession plans in hard-to-see ways https://www.roibusinessservices.com/blog.php?id=110 Succession planning requires a wide view of many valuation issues. Tue, 28 Nov 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=110 You may need to add RMDs to your year-end to-do list https://www.roibusinessservices.com/blog.php?id=109 Avoid a 50% penalty: Take retirement plan RMDs by December 31. Tue, 21 Nov 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=109 The ins and outs of tax on "Income investments" https://www.roibusinessservices.com/blog.php?id=108 All Ã??Ã?¢??income investmentsÃ??Ã?¢?Ã??Ã? arenÃ??Ã?¢??t alike when it comes to taxes. HereÃ??Ã?¢??s what you need to know. Tue, 14 Nov 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=108 2017 might be your last chance to hire veterans and claim a tax credit https://www.roibusinessservices.com/blog.php?id=107 Hiring a veteran before year end can provide tax and other benefits. Tue, 07 Nov 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=107 Minimize inventory, services to make your financials shine https://www.roibusinessservices.com/blog.php?id=106 Could you brighten up your financials by trimming excess inventory or services? Tue, 31 Oct 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=106 Retirement savings opportunity for the self-employed https://www.roibusinessservices.com/blog.php?id=105 If youâ??re self-employed, set up a retirement plan for 2017 to boost tax-advantaged saving. Tue, 24 Oct 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=105 4 ways to get (and keep) your business data in order https://www.roibusinessservices.com/blog.php?id=104 Every company must regularly and carefully tend to its business data. Tue, 17 Oct 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=104 "Bunching" medical expenses will be a tax-smart strategy for many in 2017 https://www.roibusinessservices.com/blog.php?id=103 Tax reform may make â??bunchingâ? medical expenses an especially valuable strategy this year. Tue, 10 Oct 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=103 Bridging the divide with a mezzanine loan https://www.roibusinessservices.com/blog.php?id=102 Build a bridge with mezzanine financing. Tue, 03 Oct 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=102 Ensuring a peaceful succession with a buy-sell agreement https://www.roibusinessservices.com/blog.php?id=101 An ownership transition can leave one longing for serenity. A buy-sell can help you find it. Tue, 12 Sep 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=101 The ABCs of the tax deduction for educator expenses https://www.roibusinessservices.com/blog.php?id=100 Teachers who buy supplies for their classrooms may be eligible for a tax break. Learn more. Tue, 05 Sep 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=100 Put your audit in reverse to save sales and use tax https://www.roibusinessservices.com/blog.php?id=99 Is your business due a sales and use tax refund? Find out with a reverse audit. Tue, 29 Aug 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=99 4 tough questions to ask before expanding to a new location https://www.roibusinessservices.com/blog.php?id=98 Business is booming! So it must be time to open a new location, right? Not so fast. Tue, 15 Aug 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=98 Listening to your customers by tracking lost sales https://www.roibusinessservices.com/blog.php?id=97 Are your customers crying out for help. Take heed by tracking lost sales. Tue, 08 Aug 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=97 3 midyear tax planning strategies for individuals https://www.roibusinessservices.com/blog.php?id=96 Boost the power of your individual tax planning by implementing these three strategies now. Thu, 03 Aug 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=96 Business Entities https://www.roibusinessservices.com/blog.php?id=94 Which Business Entity? The choice is yours. Infographic Thu, 27 Jul 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=94 Does your business have too much cash? https://www.roibusinessservices.com/blog.php?id=93 Cash is king, but sometimes the king needs to be reined in. Find your optimal cash balance. Thu, 20 Jul 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=93 3 midyear tax planning strategies for business https://www.roibusinessservices.com/blog.php?id=92 With tax reform uncertain, consider these three business tax tips from the last big tax law. Tue, 18 Jul 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=92 Business owners: When it comes to IRS audits, be prepared https://www.roibusinessservices.com/blog.php?id=91 Concerned about being audited by the IRS? Hereâ??s what business owners need to know. Tue, 30 May 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=91 Real estate investor vs. professional: Why it matters https://www.roibusinessservices.com/blog.php?id=90 Are you a real estate â??professionalâ? or just an investor? The answer can affect your taxes. Tue, 23 May 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=90 It may be time for your company to create a strategic IT plan https://www.roibusinessservices.com/blog.php?id=89 Bring all of your companyâ??s bits and bytes under one banner with a strategic IT plan. Wed, 17 May 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=89 Enhanced Security for your my Social Security Account https://www.roibusinessservices.com/blog.php?id=88 my social security account improved with second method to check your identification Mon, 08 May 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=88 3 hot spots to look for your successor https://www.roibusinessservices.com/blog.php?id=87 The ideal successor may seem like that needle in a haystack. Hereâ??s how to begin the search. Wed, 03 May 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=87 Enhance benefits' perceived value with strong communication https://www.roibusinessservices.com/blog.php?id=86 Want a better ROI on your benefits package? Get employees up to speed on what you offer. Fri, 28 Apr 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=86 Matchmaker, matchmaker: Choosing the right lender https://www.roibusinessservices.com/blog.php?id=85 Todayâ??s business lending environment favors the bold. Be a smart and savvy shopper. Wed, 12 Apr 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=85 Who can - and who should - take the American Opportunity credit? https://www.roibusinessservices.com/blog.php?id=84 It may make sense for student, rather than parent, to claim the American Opportunity credit. Mon, 27 Mar 2017 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=84 Some business owners make major decisions by relying on gut instinct. But investments made on a â??hunchâ? often fall short of managementâ??s expectations. In the broadest sense, youâ??re really trying to answer a simple question: If my company buys a g https://www.roibusinessservices.com/blog.php?id=82 Are you on the path to success or road to ruin? The right metrics can help guide you. Wed, 08 Mar 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=82 Don't make hunches - crunch the numbers https://www.roibusinessservices.com/blog.php?id=83 Are you on the path to success or road to ruin? The right metrics can help guide you. Wed, 08 Mar 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=83 What you need to know about the tax treatment of ISOs https://www.roibusinessservices.com/blog.php?id=81 Got incentive stock options? Then you need to understand their tax treatment. Tue, 07 Feb 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=81 Is your business committed to its cost-control regimen? https://www.roibusinessservices.com/blog.php?id=80 Pump up your efforts to slim down business expenses. Hereâ??s how to get started. Fri, 27 Jan 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=80 4 principles of competitive intelligence https://www.roibusinessservices.com/blog.php?id=79 The more you know, the better your business can perform. A competitive intelligence policy can support the effective, but ethical, gathering of information on your competitors and industry. Mon, 16 Jan 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=79 Help prevent tax identity theft by filing early https://www.roibusinessservices.com/blog.php?id=78 Tax identity theft is an increasingly common scam. It involves thieves filing bogus returns and claiming legitimate taxpayersâ?? refunds. Hereâ??s how to help avoid it. Tue, 10 Jan 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=78 Considering a spinoff? Think it through https://www.roibusinessservices.com/blog.php?id=77 You may not want to sell all of your company, but what about part of it? Spinning off a business unit can generate capital and improve efficiency. But the strategy brings considerable challenges. Thu, 05 Jan 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=77 2017 Q1 tax calendar: Key deadlines for businesses and other employers https://www.roibusinessservices.com/blog.php?id=76 The first tax-related deadlines of 2017 for businesses and other employers are rapidly approaching. Make sure you know whatâ??s due in Q Wed, 04 Jan 2017 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=76 Want to save for education? Make 2016 ESA contributions by December 31 https://www.roibusinessservices.com/blog.php?id=75 Donâ??t miss out on the chance to maximize tax-advantaged savings for education expenses. Wed, 21 Dec 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=75 Keeping your family business in the family https://www.roibusinessservices.com/blog.php?id=74 Family business owners: Your company is your financial legacy. Hereâ??s how to protect it. Tue, 20 Dec 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=74 Ensure your year-end donations will be deductible on your 2016 return https://www.roibusinessservices.com/blog.php?id=73 Will your year-end donations qualify for a 2016 charitable deduction? Thu, 15 Dec 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=73 Your company\'s balance sheet makes great reading this time of year https://www.roibusinessservices.com/blog.php?id=72 Thrilling tales of assets, liabilities and equity! Time to start reading your balance sheet. Wed, 14 Dec 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=72 Why making annual exclusion gifts before year end can still be a good idea https://www.roibusinessservices.com/blog.php?id=71 Even with a possible 2017 estate tax repeal, 2016 annual exclusion gifts may be tax-smart. Tue, 13 Dec 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=71 Can you pay bonuses in 2017 but deduct them this year? https://www.roibusinessservices.com/blog.php?id=70 Your business might be able to take a 2016 deduction for bonuses paid in 2017. Find out. Mon, 12 Dec 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=70 There's still time to benefit on your 2016 tax bill by buying business assets https://www.roibusinessservices.com/blog.php?id=69 Thinking about buying business assets? HereÃ?¢??s how to maximize depreciation tax deductions. Thu, 01 Dec 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=69 Year-end tax strategies for accrual-basis taxpayers https://www.roibusinessservices.com/blog.php?id=68 Accrual-basis taxpayer? Here are some year-end tax planning tips especially for you. Wed, 23 Nov 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=68 A brief overview of the President-elect's tax plan for individuals https://www.roibusinessservices.com/blog.php?id=67 What's the President-elect's tax plan for individuals? Lower taxes for many. Here's more. Fri, 18 Nov 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=67 A quick look at the President-elect's tax plan for businesses https://www.roibusinessservices.com/blog.php?id=66 What's the President-elect's tax plan for businesses? Lower rates, fewer breaks. Learn more. Wed, 16 Nov 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=66 3 ways to get started on next year\'s budget https://www.roibusinessservices.com/blog.php?id=65 Start making next year's budget a reality now! Here are three good places to begin. Fri, 11 Nov 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=65 There's still time to set up a retirement plan for 2016 https://www.roibusinessservices.com/blog.php?id=64 Business owners: Don't have a tax-advantaged retirement plan? Consider setting one up. Wed, 09 Nov 2016 09:00:00 -0600 https://www.roibusinessservices.com/blog.php?id=64 Are you timing business income and expenses to your tax advantage? https://www.roibusinessservices.com/blog.php?id=63 The timing of business income and expenses can impact your tax liability. Hereâ??s how. Mon, 31 Oct 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=63 5 ways to speed up collections https://www.roibusinessservices.com/blog.php?id=62 Slow-paying customers turning your cash flow to sludge? Try these collection-boosting tips Thu, 27 Oct 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=62 Tax-smart options for your old retirement plan when you change jobs https://www.roibusinessservices.com/blog.php?id=61 Tax-advantaged retirement plans like 401(k)s are subject to numerous rules and regulations. They can be especially tricky when you change jobs. Hereâ??s how to avoid getting hit with unnecessary taxes and penalties. Thu, 20 Oct 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=61 Business owners, help your estate by gifting company stock https://www.roibusinessservices.com/blog.php?id=60 As a business owner, youâ??ve got to think about how to preserve your wealth for heirs. One idea to consider: Give away company stock to keep its future appreciation out of your taxable estate. Tue, 11 Oct 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=60 Proper education can drive retirement plan participation https://www.roibusinessservices.com/blog.php?id=59 Employees who are knowledgeable about retirement planning are more likely to participate in their employersâ?? plans and succeed at saving. Here are some ways your company can play the role of teacher. Wed, 05 Oct 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=59 Prepaid tuition vs. college savings: Which type of 529 plan is better? https://www.roibusinessservices.com/blog.php?id=58 If youâ??re thinking about investing in a 529 plan to help fund college for your child or grandchild, youâ??ll need to choose between a prepaid tuition plan and a savings plan. Learn how they compare. Thu, 29 Sep 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=58 Innovate or acquire? That's the strategic question https://www.roibusinessservices.com/blog.php?id=57 Growing your company through innovation vs. acquisition: A look at rewards and risks. Mon, 19 Sep 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=57 Documentation is the key to business expense deductions https://www.roibusinessservices.com/blog.php?id=56 You need to keep detailed, accurate records to protect your business tax deductions. Here are two court cases where taxpayers learned that lesson the hard way. Tue, 13 Sep 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=56 Climbing the "hierarchy of needs" to find employee engagement https://www.roibusinessservices.com/blog.php?id=55 Productivity and, indeed, profitability are both tied to highly engaged employees. When looking to promote employee engagement, lessons lie in Maslow's hierarchy of needs. Thu, 08 Sep 2016 09:00:00 -0500 https://www.roibusinessservices.com/blog.php?id=55