roibusinessservices.com RSS Feed http://roibusinessservices.com/ Take a look at our recent blog posts and client newsletter articles. en-us Fri, 22 Jan 2021 09:00:00 -0600 Fri, 22 Jan 2021 09:00:00 -0600 Getting more for your marketing dollars in 2021 http://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 http://www.roibusinessservices.com/blog.php?id=647 Consolidated Appropriations Act, 2021 Video http://www.roibusinessservices.com/blog.php?id=646 Consolidated Appropriations Act, 2021 zoom call Wed, 06 Jan 2021 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=646 The COVID-related Tax Relief Act of 2020 http://www.roibusinessservices.com/newsletter.php#4 The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, contains a number of tax provisions - among them pandemic relief for businesses and individuals. Fri, 01 Jan 2021 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#4 Important Tax Changes for Individuals and Businesses http://www.roibusinessservices.com/newsletter.php#1 Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts and adoption credits, here's what you need to know. Fri, 01 Jan 2021 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#1 Identity Protection PIN Available To All Taxpayers http://www.roibusinessservices.com/newsletter.php#2 Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to include all taxpayers who can properly verify their identity. Fri, 01 Jan 2021 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#2 Credit Reports: What You Should Know http://www.roibusinessservices.com/newsletter.php#3 Periodically reviewing your credit report is an effective way to prevent credit card fraud and could alert you to signs of identity theft. Fri, 01 Jan 2021 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#3 Ring in the new year with a renewed focus on profitability http://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 http://www.roibusinessservices.com/blog.php?id=644 Prevent and detect insider cyberattacks http://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 http://www.roibusinessservices.com/blog.php?id=643 2020 Final Tax Bill Webinar http://www.roibusinessservices.com/blog.php?id=645 Zoom Webinar on the Consolidated Appropriations Act, 2021 Thu, 31 Dec 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=645 The Balanced Scorecard approach to strategic planning http://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 http://www.roibusinessservices.com/blog.php?id=642 The next estimated tax deadline is January 15 if you have to make a payment http://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 http://www.roibusinessservices.com/blog.php?id=641 Rightsizing your sales force http://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 http://www.roibusinessservices.com/blog.php?id=639 Can you qualify for a medical expense tax deduction? http://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 http://www.roibusinessservices.com/blog.php?id=640 Consider WARN Act Legalities If You Need to Lay Off Employees http://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 http://www.roibusinessservices.com/blog.php?id=638 16 Sweet Cost-Cutting Measures for Small Businesses to Consider http://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 http://www.roibusinessservices.com/blog.php?id=637 Should you add a technology executive to your staff? http://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 http://www.roibusinessservices.com/blog.php?id=635 Maximize your 401(k) plan to save for retirement http://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 http://www.roibusinessservices.com/blog.php?id=636 Will Your Work-From-Home Policy Continue, Post-Covid-19? http://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 http://www.roibusinessservices.com/blog.php?id=633 Family business owners must weave together succession and estate planning http://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 http://www.roibusinessservices.com/blog.php?id=632 Clarity on Three 2020 Employer Tax Credits http://www.roibusinessservices.com/blog.php?id=634 Three 2020 Employer Tax Credits Fri, 04 Dec 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=634 Steer clear of the wash sale rule if you're selling stock by year end http://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 http://www.roibusinessservices.com/blog.php?id=630 Lessons of 2020: Change management http://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 http://www.roibusinessservices.com/blog.php?id=631 Working Remotely Could Affect Your Taxes http://www.roibusinessservices.com/newsletter.php#3 If you're working remotely from a location in a different state (or country) from your office, you could be facing a tax surprise next year. Tue, 01 Dec 2020 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#3 Small Business: Deductions for Charitable Giving http://www.roibusinessservices.com/newsletter.php#4 Tax breaks for charitable giving are not limited to individuals; your small business can benefit from them as well. Tue, 01 Dec 2020 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#4 Individual Taxpayers: Recap for 2020 http://www.roibusinessservices.com/newsletter.php#1 As we close out the year, here's what individuals and families need to know about tax provisions for 2020. Tue, 01 Dec 2020 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#1 Business Tax Provisions: The Year in Review http://www.roibusinessservices.com/newsletter.php#2 Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2020 taxes. Tue, 01 Dec 2020 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#2 Applying for Tax-Exempt Status as a Nonprofit http://www.roibusinessservices.com/newsletter.php#5 Whether you're starting a charity, a social organization, or an association there are certain steps you must take before you can apply for tax-exempt status. Tue, 01 Dec 2020 09:00:00 -0600 http://www.roibusinessservices.com/newsletter.php#5 Putting the finishing touches on next year's budget http://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 http://www.roibusinessservices.com/blog.php?id=629 Employees: Don\'t forget about your FSA funds http://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 http://www.roibusinessservices.com/blog.php?id=628 Should you go phishing with your employees? http://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 http://www.roibusinessservices.com/blog.php?id=625 How to Save Taxes in 2020 and Beyond http://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 http://www.roibusinessservices.com/blog.php?id=627 How Series EE savings bonds are taxed http://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 http://www.roibusinessservices.com/blog.php?id=624 Do the COVID-19 Extended Deadlines for Health Plans Still Apply? http://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 http://www.roibusinessservices.com/blog.php?id=626 Now more than ever, carefully track payroll records http://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 http://www.roibusinessservices.com/blog.php?id=623 Disability income: How is it taxed? http://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 http://www.roibusinessservices.com/blog.php?id=622 Year-End Moves for Charitable Donations http://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 http://www.roibusinessservices.com/blog.php?id=620 Is It Time for a Roth Conversion? http://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 http://www.roibusinessservices.com/blog.php?id=621 Inventory management is especially important this year http://www.roibusinessservices.com/blog.php?id=618 sound inventory management Tue, 27 Oct 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=618 Divorcing couples should understand these 4 tax issues http://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 http://www.roibusinessservices.com/blog.php?id=617 Buying and selling mutual fund shares: Avoid these tax pitfalls http://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 http://www.roibusinessservices.com/blog.php?id=619 Reviewing your disaster plan in a tumultuous year http://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 http://www.roibusinessservices.com/blog.php?id=614 Keep Employee Collusion From Fleecing Your Company http://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 http://www.roibusinessservices.com/blog.php?id=616 Fraud Alert: Have You Heard About New Vishing Attacks? http://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 http://www.roibusinessservices.com/blog.php?id=615 Using Remote Workers? Protect Sensitive Company Data from Exposure http://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 http://www.roibusinessservices.com/blog.php?id=613 There may be relief from tax liability for "innocent spouses" http://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 http://www.roibusinessservices.com/blog.php?id=611 4 steps to improving your company\'s sales http://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 http://www.roibusinessservices.com/blog.php?id=612 Reinforce protection of your company\'s mobile devices http://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 http://www.roibusinessservices.com/blog.php?id=608 Home Office Deductions in the COVID-19 Era http://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 http://www.roibusinessservices.com/blog.php?id=609 Answers to Questions About Federal Taxes and Marijuana Businesses http://www.roibusinessservices.com/blog.php?id=610 Answers to Questions About Federal Taxes and Marijuana Businesses Sun, 04 Oct 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=610 Paying for Group Health Plan Administrative Expenses http://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 http://www.roibusinessservices.com/blog.php?id=607 IRS announces per diem rates for business travel http://www.roibusinessservices.com/blog.php?id=605 IRS recently released new per diem rates Fri, 25 Sep 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=605 Can investors who manage their own portfolios deduct related expenses? http://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 http://www.roibusinessservices.com/blog.php?id=606 Tax implications of working from home and collecting unemployment http://www.roibusinessservices.com/blog.php?id=603 Tax implications from working at home or collecting unemploymen Mon, 21 Sep 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=603 Prioritize customer service now more than ever http://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 http://www.roibusinessservices.com/blog.php?id=604 Managing Risk for Remote Workforces in a Post-COVID-19 World http://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 http://www.roibusinessservices.com/blog.php?id=602 Homebuyers: Can you deduct seller-paid points? http://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 http://www.roibusinessservices.com/blog.php?id=600 ESOPs offer businesses a variety of potential benefits http://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 http://www.roibusinessservices.com/blog.php?id=601 Should You Jump on the Made-in-America Bandwagon? http://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 http://www.roibusinessservices.com/blog.php?id=599 Helping employees understand their health care accounts http://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 http://www.roibusinessservices.com/blog.php?id=597 Back-to-school tax breaks on the books http://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 http://www.roibusinessservices.com/blog.php?id=598 Will You Have to Pay Tax on Your Social Security Benefits? http://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 http://www.roibusinessservices.com/blog.php?id=595 Take a fresh look at your company\'s brand http://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 http://www.roibusinessservices.com/blog.php?id=596 What happens if an individual can't pay taxes http://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 http://www.roibusinessservices.com/blog.php?id=593 Thoughtful onboarding is more important than ever http://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 http://www.roibusinessservices.com/blog.php?id=594 More parents may owe \"nanny tax\" this year, due to COVID-19 http://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 http://www.roibusinessservices.com/blog.php?id=591 5 common accounting software mistakes to avoid http://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 http://www.roibusinessservices.com/blog.php?id=592 Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes http://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 http://www.roibusinessservices.com/blog.php?id=590 Business Vehicle Purchases: What Is Deductible for 2020? http://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 http://www.roibusinessservices.com/blog.php?id=589 Telehealth and Self-Insured Health Plans During COVID-19 http://www.roibusinessservices.com/blog.php?id=588 Telehealth and Self-Insured Health Plans During COVID-19 Wed, 29 Jul 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=588 Take advantage of a \"stepped-up basis\" when you inherit property http://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 http://www.roibusinessservices.com/blog.php?id=585 Reopening concepts: What business owners should consider http://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 http://www.roibusinessservices.com/blog.php?id=586 Midyear Tax Planning Ideas for Individuals http://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 http://www.roibusinessservices.com/blog.php?id=587 Are scholarships tax-free or taxable? http://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 http://www.roibusinessservices.com/blog.php?id=584 Does your business have a unique selling proposition? http://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 http://www.roibusinessservices.com/blog.php?id=583 Conduct a \"paycheck checkup\" to make sure your withholding is adequate http://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 http://www.roibusinessservices.com/blog.php?id=582 6 key IT questions to ask in the new normal http://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 http://www.roibusinessservices.com/blog.php?id=581 After you file your tax return: 3 issues to consider http://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 http://www.roibusinessservices.com/blog.php?id=579 A Good Time for Making Tax-Smart Family Loans http://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 http://www.roibusinessservices.com/blog.php?id=580 Some people are required to return Economic Impact Payments that were sent erroneously http://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 http://www.roibusinessservices.com/blog.php?id=575 If you\'re selling your home, don\'t forget about taxes http://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 http://www.roibusinessservices.com/blog.php?id=576 Assessing productivity as you cope with the pandemic http://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 http://www.roibusinessservices.com/blog.php?id=577 What qualifies as a \"coronavirus-related distribution\" from a retirement plan? http://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 http://www.roibusinessservices.com/blog.php?id=570 SBA reopens EIDL program to small businesses and nonprofits http://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 http://www.roibusinessservices.com/blog.php?id=569 Re-evaluate your company\'s competitiveness in a changed economy http://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 http://www.roibusinessservices.com/blog.php?id=572 PPP Forgiveness Computation http://www.roibusinessservices.com/blog.php?id=574 Thu, 25 Jun 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=574 Infographic: How businesses can qualify for the Fed's new Main Street Lending Program. http://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 http://www.roibusinessservices.com/blog.php?id=571 You are invited to a ZOOM Webinar on the PPP loan http://www.roibusinessservices.com/blog.php?id=568 Register for our PPP Forgiveness Computation webinar Tue, 23 Jun 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=568 PPP Flexibility Act eases rules for borrowers coping with COVID-19 http://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 http://www.roibusinessservices.com/blog.php?id=566 Cash Management Tips for Small Businesses http://www.roibusinessservices.com/blog.php?id=567 Cash Management Tips for Small Businesses Mon, 15 Jun 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=567 Seniors: Can you deduct Medicare premiums? http://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 http://www.roibusinessservices.com/blog.php?id=564 Bill that Provides More PPP Flexibility Is Signed into Law http://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 http://www.roibusinessservices.com/blog.php?id=565 Plan for Employee Safety as Employees Return to Work http://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 http://www.roibusinessservices.com/blog.php?id=563 Is it Time to Reopen Your Business?10 Questions to Ask Yourself http://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 http://www.roibusinessservices.com/blog.php?id=561 College Costs: How to Maximize Your Return on Investment http://www.roibusinessservices.com/blog.php?id=562 College Costs: How to Maximize Your Return on Investment Fri, 05 Jun 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=562 A nonworking spouse can still have an IRA http://www.roibusinessservices.com/blog.php?id=560 A nonworking spouse can still have an IRA Tue, 02 Jun 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=560 Using a Valuation Expert to Help with Chapter 11 Bankruptcy http://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 http://www.roibusinessservices.com/blog.php?id=559 Using a Valuation Expert to Help with Chapter 11 Bankruptcy http://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 http://www.roibusinessservices.com/blog.php?id=558 Businesses revise sales compensation models during pandemic http://www.roibusinessservices.com/blog.php?id=556 Businesses revise sales compensation models during pandemic Thu, 28 May 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=556 Student loan interest: Can you deduct it on your tax return? http://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 http://www.roibusinessservices.com/blog.php?id=555 Working from Home? Make the Most of the Opportunity http://www.roibusinessservices.com/blog.php?id=554 Working from Home? Make the Most of the Opportunity Wed, 20 May 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=554 Can Your Business Survive and Even Thrive in These Trying Times? http://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 http://www.roibusinessservices.com/blog.php?id=553 Attuning your social media strategy to the pandemic http://www.roibusinessservices.com/blog.php?id=552 Attuning your social media strategy to the pandemic Wed, 20 May 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=552 Did you get an Economic Impact Payment that was less than you expected? http://www.roibusinessservices.com/blog.php?id=551 Economic Impact Payment Tue, 19 May 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=551 CARES Act tax breaks to help retail businesses infographic. http://www.roibusinessservices.com/blog.php?id=550 CARES Act tax breaks to help retail businesses infographic. Mon, 18 May 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=550 How to succeed at virtual team building http://www.roibusinessservices.com/blog.php?id=549 virtual team-building tips for business Thu, 14 May 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=549 There\'s still time to make a deductible IRA contribution for 2019 http://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 http://www.roibusinessservices.com/blog.php?id=548 Where Does Forensic Accounting Come From -- and Where Is It Going? http://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 http://www.roibusinessservices.com/blog.php?id=547 Subchapter V: A silver lining for small businesses mulling bankruptcy http://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 http://www.roibusinessservices.com/blog.php?id=543 Make a Lasting Charitable Gift with a CRT http://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 http://www.roibusinessservices.com/blog.php?id=546 Do you have tax questions related to COVID-19? Here are some answers http://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 http://www.roibusinessservices.com/blog.php?id=544 Businesses: Think about Tomorrow When Hunkering Down Today http://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 http://www.roibusinessservices.com/blog.php?id=545 PPP loan forgiveness details, business provisions, and EIDL Update http://www.roibusinessservices.com/blog.php?id=542 Mon, 04 May 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=542 What are the key distinctions between layoffs and furloughs? http://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 http://www.roibusinessservices.com/blog.php?id=540 IRS extends some (but not all) employee benefit plan deadlines http://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 http://www.roibusinessservices.com/blog.php?id=541 IRA account value down? It might be a good time for a Roth conversion http://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 http://www.roibusinessservices.com/blog.php?id=539 Adjust your expectations of business interruption coverage http://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 http://www.roibusinessservices.com/blog.php?id=538 Stay Afloat with Tax-Favored Coronavirus-Related Distributions http://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 http://www.roibusinessservices.com/blog.php?id=537 COVID-19 Relief: New Rules for Deducting Charitable Contributions http://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 http://www.roibusinessservices.com/blog.php?id=536 Answers to questions you may have about Economic Impact Payments http://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 http://www.roibusinessservices.com/blog.php?id=535 Multidimensional Staffing: Orchestrate the Perfect Symphony http://www.roibusinessservices.com/blog.php?id=534 Multidimensional Staffing: Orchestrate the Perfect Symphony Tue, 14 Apr 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=534 FAQs on New Paycheck Protection Program http://www.roibusinessservices.com/blog.php?id=532 FAQs on New Paycheck Protection Program Tue, 14 Apr 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=532 COVID-19: IRS announces more relief and details http://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 http://www.roibusinessservices.com/blog.php?id=530 Budget Better with the 50-20-30 Approach http://www.roibusinessservices.com/blog.php?id=533 Budget Better with the 50-20-30 Approach Tue, 14 Apr 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=533 401(k) Contributions: Employers Should Keep Calm but Know the Option http://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 http://www.roibusinessservices.com/blog.php?id=531 Using your financial statements during an economic crisis http://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 http://www.roibusinessservices.com/blog.php?id=529 Just launched: The SBA's Paycheck Protection Program http://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 http://www.roibusinessservices.com/blog.php?id=528 CARES ACT changes retirement plan and charitable contribution rules http://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 http://www.roibusinessservices.com/blog.php?id=527 How to Manage COVID-19-Related Business Risks http://www.roibusinessservices.com/blog.php?id=525 How to Manage COVID-19-Related Business Risks Tue, 31 Mar 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=525 Cash payments and tax relief for individuals in new law http://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 http://www.roibusinessservices.com/blog.php?id=524 Can Telemedicine Help Tame Health Benefit Cost Inflation? http://www.roibusinessservices.com/blog.php?id=526 Can Telemedicine Help Tame Health Benefit Cost Inflation? Tue, 31 Mar 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=526 Covid-19 Federal Emergency Bills: Critical Business Decisions http://www.roibusinessservices.com/blog.php?id=523 Covid-19 Federal Emergency Bills: Critical Business Decisions Fri, 27 Mar 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=523 COVID-19 RESPONSE LEGISLATION RESOURCES http://www.roibusinessservices.com/blog.php?id=522 COVID-19 RESPONSE LEGISLATION RESOURCES Thu, 26 Mar 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=522 SBA offering loans to small businesses hit hard by COVID-19 http://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 http://www.roibusinessservices.com/blog.php?id=519 Explore Estate Planning Alternatives to Stretch IRAs http://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 http://www.roibusinessservices.com/blog.php?id=521 COVID-19 Pandemic Poses Complex HR Policy Questions http://www.roibusinessservices.com/blog.php?id=520 COVID-19 Pandemic Poses Complex HR Policy Questions Wed, 25 Mar 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=520 Why you should keep life insurance out of your estate http://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 http://www.roibusinessservices.com/blog.php?id=516 The difference between a mission statement and a vision statement http://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 http://www.roibusinessservices.com/blog.php?id=517 COVID-19 Response: Three Developments from Washington http://www.roibusinessservices.com/blog.php?id=518 COVID-19 Response: Three Developments from Washington Wed, 18 Mar 2020 09:00:00 -0500 http://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. http://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 http://www.roibusinessservices.com/blog.php?id=514 The 2019 gift tax return deadline is coming up http://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 http://www.roibusinessservices.com/blog.php?id=509 Marketing is a game of adjustments http://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 http://www.roibusinessservices.com/blog.php?id=511 How's your buy-sell agreement doing these days? http://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 http://www.roibusinessservices.com/blog.php?id=510 Consider Taxes When Dividing Up Retirement Accounts in Divorce http://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 http://www.roibusinessservices.com/blog.php?id=512 7 Valuable Tax Credits for Small Businesses http://www.roibusinessservices.com/blog.php?id=513 7 Valuable Tax Credits for Small Businesses Wed, 11 Mar 2020 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=513 Should You Extend Your 2019 Tax Return? http://www.roibusinessservices.com/blog.php?id=507 Should You Extend Your 2019 Tax Return Tue, 03 Mar 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=507 Ideas to Lower Your Taxes for 2019 http://www.roibusinessservices.com/blog.php?id=508 Ideas to Lower Your Taxes for 2019 Tue, 03 Mar 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=508 Home is where the tax breaks might be http://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 http://www.roibusinessservices.com/blog.php?id=506 Give your 401(k) plan a checkup at least once a year http://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 http://www.roibusinessservices.com/blog.php?id=504 Deducting Medical Expenses for 2019 and Beyond http://www.roibusinessservices.com/blog.php?id=505 Deducting Medical Expenses Thu, 27 Feb 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=505 The tax aspects of selling mutual fund shares http://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 http://www.roibusinessservices.com/blog.php?id=503 Tax credits may help with the high cost of raising children http://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 http://www.roibusinessservices.com/blog.php?id=501 Getting help with a business interruption insurance claim http://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 http://www.roibusinessservices.com/blog.php?id=502 Reasons why married couples might want to file separate tax returns http://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 http://www.roibusinessservices.com/blog.php?id=500 Digital documents with e-signatures aren\'t going away http://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 http://www.roibusinessservices.com/blog.php?id=499 How to make the most of your multigenerational workforce http://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 http://www.roibusinessservices.com/blog.php?id=498 There still might be time to cut your tax bill with IRAs http://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 http://www.roibusinessservices.com/blog.php?id=493 Stretch your marketing dollars further with smart strategies http://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 http://www.roibusinessservices.com/blog.php?id=497 Look closely at your company\'s concentration risks http://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 http://www.roibusinessservices.com/blog.php?id=494 Answers to your questions about 2020 individual tax limits http://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 http://www.roibusinessservices.com/blog.php?id=495 3 best practices for achieving organic sales growth http://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 http://www.roibusinessservices.com/blog.php?id=496 Important Tax Figures for 2020 http://www.roibusinessservices.com/blog.php?id=492 Important Tax Figures for 2020 Thu, 30 Jan 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=492 Cost management: A budget's best friend http://www.roibusinessservices.com/blog.php?id=491 Business Owners, Fight back with cost management. Tue, 28 Jan 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=491 What Employers Should Know About the SECURE Act http://www.roibusinessservices.com/blog.php?id=487 What Employers Should Know About the SECURE Act Wed, 22 Jan 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=487 SECURE Act Affects Retirement and Tax Planning for Individuals http://www.roibusinessservices.com/blog.php?id=488 SECURE Act Affects Retirement and Tax Planning for Individuals Wed, 22 Jan 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=488 Got Debt? Tips to Improve Your Financial Situation http://www.roibusinessservices.com/blog.php?id=490 Got Debt? Tips to Improve Your Financial Situation Wed, 22 Jan 2020 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=490 Can you deduct charitable gifts on your tax return? http://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 http://www.roibusinessservices.com/blog.php?id=486 Landlords need to include these rental-related payments in their gross income. http://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 http://www.roibusinessservices.com/blog.php?id=485 Help protect your personal information by filing your 2019 tax return early http://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 http://www.roibusinessservices.com/blog.php?id=484 How business owners and execs can stay connected with staff http://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 http://www.roibusinessservices.com/blog.php?id=482 4 new law changes that may affect your retirement plan http://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 http://www.roibusinessservices.com/blog.php?id=483 Do you have a side gig? Make sure you understand your tax obligations http://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 http://www.roibusinessservices.com/blog.php?id=481 Congress gives a holiday gift in the form of favorable tax provisions http://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 http://www.roibusinessservices.com/blog.php?id=480 5 ways to strengthen your business for the new year http://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 http://www.roibusinessservices.com/blog.php?id=479 What Is Your Investment IQ? http://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 http://www.roibusinessservices.com/blog.php?id=478 Should You Pay Down Your Home Mortgage Early? http://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 http://www.roibusinessservices.com/blog.php?id=476 Should You Pay Down Your Home Mortgage Early? http://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 http://www.roibusinessservices.com/blog.php?id=475 New Spending Law Contains Holiday Surprises http://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 http://www.roibusinessservices.com/blog.php?id=474 FAQs about Home Office Deductions http://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 http://www.roibusinessservices.com/blog.php?id=477 Tied Down to Your 401(k) Plan's Cost? Discover the Alternatives http://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 http://www.roibusinessservices.com/blog.php?id=470 Should You Pay Down Your Home Mortgage Early? http://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 http://www.roibusinessservices.com/blog.php?id=472 How Manufacturers Can Improve the Customer Experience http://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 http://www.roibusinessservices.com/blog.php?id=473 Consider a Returnship Program as a Source of Untapped Business Talent http://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 http://www.roibusinessservices.com/blog.php?id=471 Creating a Budget When Income is Irregular http://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 http://www.roibusinessservices.com/blog.php?id=469 6 Great Reasons to Implement a Workplace Wellness Plan http://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 http://www.roibusinessservices.com/blog.php?id=468 Uncle Sam may provide relief from college costs on your tax return http://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 http://www.roibusinessservices.com/blog.php?id=465 Tax Implications of Refinancing Your Home http://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 http://www.roibusinessservices.com/blog.php?id=466 How to research a business customer's creditworthiness http://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 http://www.roibusinessservices.com/blog.php?id=464 Five Rules That Open the Gates http://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 http://www.roibusinessservices.com/blog.php?id=467 Tax Implications of Refinancing Your Home http://www.roibusinessservices.com/blog.php?id=462 home refinancing Tue, 17 Sep 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=462 Should You Expand Your Product Line? http://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 http://www.roibusinessservices.com/blog.php?id=463 For best results, start your strategic planning early http://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 http://www.roibusinessservices.com/blog.php?id=461 Getting a divorce? There are tax issues you need to understand http://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 http://www.roibusinessservices.com/blog.php?id=460 Your HR Department Should Be as Well-Oiled as Your Machinery http://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 http://www.roibusinessservices.com/blog.php?id=459 Tips for Picking the Right Nursing Home Facility http://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 http://www.roibusinessservices.com/blog.php?id=458 The next estimated tax deadline is September 16: Do you have to make a payment? http://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 http://www.roibusinessservices.com/blog.php?id=456 Putting together the succession planning and retirement planning puzzle http://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 http://www.roibusinessservices.com/blog.php?id=455 Claiming Your Parent as a Dependent http://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 http://www.roibusinessservices.com/blog.php?id=457 To Capitalize or Expense: How to Treat Website Costs for Tax Purposes http://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 http://www.roibusinessservices.com/blog.php?id=454 Digital Addiction in the Workplace: What Employers Need to Know http://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 http://www.roibusinessservices.com/blog.php?id=453 Some business owners can\'t participate in their own companies\' HRAs http://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 http://www.roibusinessservices.com/blog.php?id=450 Expenses that teachers can and can\'t deduct on their tax returns http://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 http://www.roibusinessservices.com/blog.php?id=451 Changing Jobs? What Will Become of Your 401(k) Balance? http://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 http://www.roibusinessservices.com/blog.php?id=452 Seminars for CPA and tax professionals http://www.roibusinessservices.com/blog.php?id=449 TaxSpeaker dates Thu, 22 Aug 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=449 Truckers: Highway Use Tax Return Is Due By September 3 http://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 http://www.roibusinessservices.com/blog.php?id=448 Truckers: Highway Use Tax Return Is Due By September 3 http://www.roibusinessservices.com/blog.php?id=447 Wed, 21 Aug 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=447 The Clock May Be Ticking on Corporate Stock Redemptions http://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 http://www.roibusinessservices.com/blog.php?id=445 Taking distributions from your traditional IRA http://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 http://www.roibusinessservices.com/blog.php?id=443 Dashboard software helps you keep your eyes on the prize http://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 http://www.roibusinessservices.com/blog.php?id=444 Common Questions about Kids and Taxes http://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 http://www.roibusinessservices.com/blog.php?id=446 \"Innocent spouses\" may get relief from tax liability http://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 http://www.roibusinessservices.com/blog.php?id=442 Taking a long-term approach to certain insurance documentation http://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 http://www.roibusinessservices.com/blog.php?id=441 The tax implications of being a winner http://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 http://www.roibusinessservices.com/blog.php?id=440 Is it time to hire a CFO or controller? http://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 http://www.roibusinessservices.com/blog.php?id=439 The \"kiddie tax\" hurts families more than ever http://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 http://www.roibusinessservices.com/blog.php?id=438 The 1-2-3 of B2B marketing http://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 http://www.roibusinessservices.com/blog.php?id=435 The "nanny tax" must be paid for more than just nannies http://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 http://www.roibusinessservices.com/blog.php?id=434 Run your strategic-planning meetings like they really matter http://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 http://www.roibusinessservices.com/blog.php?id=433 INFOGRAPHIC: Do You Need to Take RMDs this Year? http://www.roibusinessservices.com/blog.php?id=437 Do You Need to Take RMDs this Year? Wed, 24 Jul 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=437 Are Pop-Ups a Fresh Marketing Concept? or Merely a Fad? http://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 http://www.roibusinessservices.com/blog.php?id=436 Volunteering for charity: Do you get a tax break? http://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 http://www.roibusinessservices.com/blog.php?id=431 Summer: A good time to review your investments http://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 http://www.roibusinessservices.com/blog.php?id=429 Is your accounting software living up to the hype? http://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 http://www.roibusinessservices.com/blog.php?id=430 How Much Can Businesses Deduct for Vehicles Placed in Service in 2019? http://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 http://www.roibusinessservices.com/blog.php?id=432 Your succession plan may benefit from a separation of business and real estate http://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 http://www.roibusinessservices.com/blog.php?id=428 Odd word, cool concept: Gamification for businesses http://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 http://www.roibusinessservices.com/blog.php?id=426 Could you unearth hidden profits in your company? http://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 http://www.roibusinessservices.com/blog.php?id=427 You may have to pay tax on Social Security benefits http://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 http://www.roibusinessservices.com/blog.php?id=425 If your kids are off to day camp, you may be eligible for a tax break http://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 http://www.roibusinessservices.com/blog.php?id=423 Grading the performance of your company\'s retirement plan http://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 http://www.roibusinessservices.com/blog.php?id=424 Put a number on your midyear performance with the right KPIs http://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 http://www.roibusinessservices.com/blog.php?id=420 Is an HSA right for you? http://www.roibusinessservices.com/blog.php?id=422 HSA Mon, 24 Jun 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=422 Fraud Hotlines http://www.roibusinessservices.com/blog.php?id=421 Mon, 24 Jun 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=421 Is an HSA right for you? http://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 http://www.roibusinessservices.com/blog.php?id=419 Your succession plan may benefit from a separation of business and real estate http://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 http://www.roibusinessservices.com/blog.php?id=416 The Road Ahead if You Decide to Sue http://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 http://www.roibusinessservices.com/blog.php?id=418 Prepare to Receive a Social Security Administration No-Match Letter http://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 http://www.roibusinessservices.com/blog.php?id=417 Measure Your Bill Collecting Success http://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 http://www.roibusinessservices.com/blog.php?id=415 How Zoning Requirements Can Affect Your Business http://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 http://www.roibusinessservices.com/blog.php?id=414 Donating your vehicle to charity may not be a taxwise decision http://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 http://www.roibusinessservices.com/blog.php?id=413 Thinking about moving to another state in retirement? Don't forget about taxes http://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 http://www.roibusinessservices.com/blog.php?id=408 Targeting and converting your company\'s sales prospects http://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 http://www.roibusinessservices.com/blog.php?id=409 Talking to Loved Ones About Your Estate Plans http://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 http://www.roibusinessservices.com/blog.php?id=411 Talking to Loved Ones About Your Estate Plans http://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 http://www.roibusinessservices.com/blog.php?id=410 Managing Home Insurance Inspections http://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 http://www.roibusinessservices.com/blog.php?id=412 When to Update Your Estate Plan http://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 http://www.roibusinessservices.com/blog.php?id=406 The chances of IRS audit are down but you should still be prepared http://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 http://www.roibusinessservices.com/blog.php?id=404 Records Retention Guidelines to Remember During Spring Cleaning http://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 http://www.roibusinessservices.com/blog.php?id=405 How to Make Your Factory Safer http://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 http://www.roibusinessservices.com/blog.php?id=403 How to Benefit from the Rising Average Age of American Workers http://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 http://www.roibusinessservices.com/blog.php?id=407 Build long-term relationships with CRM software http://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 http://www.roibusinessservices.com/blog.php?id=402 The simple truth about annual performance reviews http://www.roibusinessservices.com/blog.php?id=396 annual performance reviews Tue, 21 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=396 Selling your home? Consider these tax implications http://www.roibusinessservices.com/blog.php?id=398 Tax rules for home sales. Tue, 21 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=398 It\'s a good time to check your withholding and make changes, if necessary http://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 http://www.roibusinessservices.com/blog.php?id=400 It\'s a good time to check your withholding and make changes, if necessary http://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 http://www.roibusinessservices.com/blog.php?id=399 Infographic: Business valuators don\'t always take financial statements at face value. http://www.roibusinessservices.com/blog.php?id=397 Tue, 21 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=397 5 Financial Tips for New College Graduates http://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 http://www.roibusinessservices.com/blog.php?id=401 Buy vs. lease: Business equipment edition http://www.roibusinessservices.com/blog.php?id=395 Does your company typically buy equipment or lease it? Tue, 14 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=395 Should your health care plan be more future-focused? http://www.roibusinessservices.com/blog.php?id=384 Employer-provided health care plans are ever-evolving. Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=384 Records Retention Guidelines to Remember During Spring Cleaning http://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 http://www.roibusinessservices.com/blog.php?id=394 Protect Elderly Family Members Against Financial Exploitation http://www.roibusinessservices.com/blog.php?id=386 Financial exploitation of elderly Americans is on the rise, Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=386 Finish the Tax Controversy Crossword http://www.roibusinessservices.com/blog.php?id=392 Finish the Tax Controversy Crossword Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=392 Finish the Retail Crossword http://www.roibusinessservices.com/blog.php?id=391 Finish the Retail Crossword Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=391 Finish the Personal Finance Crossword http://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 http://www.roibusinessservices.com/blog.php?id=388 Finish the Estate Planning Crossword http://www.roibusinessservices.com/blog.php?id=393 Finish the Estate Planning Crossword Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=393 Finish the Estate Planning Crossword http://www.roibusinessservices.com/blog.php?id=389 bypass irrevocable trust Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=389 Finish the Accounting Crossword http://www.roibusinessservices.com/blog.php?id=390 Finish the Accounting Crossword Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=390 EEOC Spotlights Disability Discrimination Claims http://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 http://www.roibusinessservices.com/blog.php?id=387 Check on your refund - and find out why the IRS might not send it http://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 http://www.roibusinessservices.com/blog.php?id=383 5 Financial Tips for New College Graduates http://www.roibusinessservices.com/blog.php?id=385 5 Financial Tips for New College Graduates Tue, 07 May 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=385 Stretch your college student\'s spending money with the dependent tax credit http://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 http://www.roibusinessservices.com/blog.php?id=382 Plug in tax savings for electric vehicles http://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 http://www.roibusinessservices.com/blog.php?id=379 Be vigilant about your business credit score http://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 http://www.roibusinessservices.com/blog.php?id=381 An implementation plan is key to making strategic goals a reality http://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 http://www.roibusinessservices.com/blog.php?id=380 Women in Business: Who's the Boss? http://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 http://www.roibusinessservices.com/blog.php?id=378 Protect Elderly Family Members Against Financial Exploitation http://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 http://www.roibusinessservices.com/blog.php?id=376 Prepare for the worst with a business turnaround strategy http://www.roibusinessservices.com/blog.php?id=375 Familiarize yourself with the concept of a business turnaround. Fri, 26 Apr 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=375 Electric Vehicle Tax Credit: You Can Still Save Greenbacks for Going Green http://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 http://www.roibusinessservices.com/blog.php?id=377 Three questions you may have after you file your return http://www.roibusinessservices.com/blog.php?id=372 After filing a tax return, you may have questions. Tue, 23 Apr 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=372 Fun fact: Tacking vacation days onto a deductible business trip. http://www.roibusinessservices.com/blog.php?id=374 Tacking vacation days onto a deductible business trip. Tue, 23 Apr 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=374 Casualty loss deductions: You can claim one only for a federally declared disaster http://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 http://www.roibusinessservices.com/blog.php?id=373 Seniors: Medicare premiums could lower your tax bill http://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 http://www.roibusinessservices.com/blog.php?id=369 Responding to the nightmare of a data breach http://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 http://www.roibusinessservices.com/blog.php?id=368 Payment Card Fraud on the Rise Despite Use of Chip Technology http://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 http://www.roibusinessservices.com/blog.php?id=371 Minimum Wage Increases Are Being Considered Across the Country http://www.roibusinessservices.com/blog.php?id=370 Minimum Wage Increases Are Being Considered Across the Country Mon, 15 Apr 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=370 Uncle Sam Wants YOU to File http://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 http://www.roibusinessservices.com/blog.php?id=367 Tax Issues to Consider When Small Business Owners Get Divorced http://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 http://www.roibusinessservices.com/blog.php?id=365 Should Your Kids Work in the Business? http://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 http://www.roibusinessservices.com/blog.php?id=366 Present yet unaccounted for: The problem of presenteeism http://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 http://www.roibusinessservices.com/blog.php?id=364 Make a deductible IRA contribution for 2018. It's not too late! http://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 http://www.roibusinessservices.com/blog.php?id=363 Vehicle-expense deduction ins and outs for individual taxpayers http://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 http://www.roibusinessservices.com/blog.php?id=360 Still working after age 70-1/2? You may not have to begin 401(k) withdrawals http://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 http://www.roibusinessservices.com/blog.php?id=359 OSHA Log Posting Tips http://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 http://www.roibusinessservices.com/blog.php?id=361 How to Combine Home Sale Gain Exclusion with a Like-Kind Exchange http://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 http://www.roibusinessservices.com/blog.php?id=362 Important Tax Figures for 2019 http://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 http://www.roibusinessservices.com/blog.php?id=357 Green Energy and Tax Breaks http://www.roibusinessservices.com/blog.php?id=355 Mon, 25 Mar 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=355 Could Medicare Premiums Lower Your Taxes? http://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 http://www.roibusinessservices.com/blog.php?id=358 5 Last-Minute Ideas to Lower Your 2018 Taxes http://www.roibusinessservices.com/blog.php?id=356 Mon, 25 Mar 2019 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=356 The 2018 gift tax return deadline is almost here http://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 http://www.roibusinessservices.com/blog.php?id=354 Vehicle-expense deduction ins and outs for individual taxpayers http://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 http://www.roibusinessservices.com/blog.php?id=353 Using knowledge management to develop your succession plan http://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 http://www.roibusinessservices.com/blog.php?id=352 Overview of Real Estate Depreciation Changes http://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 http://www.roibusinessservices.com/blog.php?id=351 6 Common Mistakes When Taxpayers Prepare Their Own Tax Returns http://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 http://www.roibusinessservices.com/blog.php?id=350 Overview of Real Estate Depreciation Changes http://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 http://www.roibusinessservices.com/blog.php?id=347 Most people affected by major tax reform changes http://www.roibusinessservices.com/blog.php?id=345 key changes affecting tax returns: Fri, 01 Mar 2019 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=345 Improve Your Personal Financial Position This Year http://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 http://www.roibusinessservices.com/blog.php?id=348 Beware the Ides of March -- if you own a pass-through entity http://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 http://www.roibusinessservices.com/blog.php?id=344 Are your employees ignoring their 401(k)s? http://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 http://www.roibusinessservices.com/blog.php?id=346 2018 Income Tax Withholdings: Too Much, Too Little or Just Right? http://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 http://www.roibusinessservices.com/blog.php?id=349 Technology May Help Solve Your Staffing Needs http://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 http://www.roibusinessservices.com/blog.php?id=338 Multidimensional Staffing: Orchestrate the Perfect Symphony http://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 http://www.roibusinessservices.com/blog.php?id=343 Leadership... learning from the wolves http://www.roibusinessservices.com/blog.php?id=340 wolf pack and leadership Fri, 22 Feb 2019 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=340 Infographic: Advantages of 529 education savings plans. http://www.roibusinessservices.com/blog.php?id=337 Advantages of 529 education savings plans. Fri, 22 Feb 2019 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=337 How the Tax Law Hits Charitable Giving http://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 http://www.roibusinessservices.com/blog.php?id=339 Don't Take Chances: Buy Enough Disability Insurance http://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 http://www.roibusinessservices.com/blog.php?id=342 Do Not Take Tax Chances on Gambling http://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 http://www.roibusinessservices.com/blog.php?id=341 Why you shouldn't wait to file your 2018 income tax return http://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 http://www.roibusinessservices.com/blog.php?id=335 Making Smart Mergers and Acquisitions under Today's Tax Law http://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 http://www.roibusinessservices.com/blog.php?id=336 Don\'t let scope creep ruin your next IT project http://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 http://www.roibusinessservices.com/blog.php?id=334 Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return http://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 http://www.roibusinessservices.com/blog.php?id=332 Best practices when filing a business interruption claim http://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 http://www.roibusinessservices.com/blog.php?id=333 Financial statements tell your business\'s story, inside and out http://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 http://www.roibusinessservices.com/blog.php?id=331 3 big TCJA changes affecting 2018 individual tax returns and beyond http://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 http://www.roibusinessservices.com/blog.php?id=330 Refine your strategic plan with SWOT http://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 http://www.roibusinessservices.com/blog.php?id=324 Planning for Special Needs Children http://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 http://www.roibusinessservices.com/blog.php?id=327 Here's what taxpayers should consider when determining if they need to file http://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 http://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 http://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 http://www.roibusinessservices.com/blog.php?id=325 Breaking Into Your 401(k) is an Expensive Way to Raise Cash http://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 http://www.roibusinessservices.com/blog.php?id=328 Beware of Deductions Claimed for Certain Business Expenses http://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 http://www.roibusinessservices.com/blog.php?id=329 Twelve Ways to Lessen Employee Legal Risks http://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 http://www.roibusinessservices.com/blog.php?id=323 To Catch a Thief http://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 http://www.roibusinessservices.com/blog.php?id=321 Saving for Your Child\'s Education With a Section 529 Plan http://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 http://www.roibusinessservices.com/blog.php?id=322 Looking for a Business Loan? Be Prepared http://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 http://www.roibusinessservices.com/blog.php?id=319 Is it Okay to Borrow from Your 401(k)? http://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 http://www.roibusinessservices.com/blog.php?id=320 You May Want to Separate Real Estate Assets from Your Business http://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 http://www.roibusinessservices.com/blog.php?id=314 Ideas to Strengthen Your Business in 2019 and Beyond http://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 http://www.roibusinessservices.com/blog.php?id=318 How to Fight the SAD Season http://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 http://www.roibusinessservices.com/blog.php?id=315 Align Your Will With Other Documents http://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 http://www.roibusinessservices.com/blog.php?id=316 2018 Tax Payments Fall Short? You May Be Eligible for Penalty Relief http://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 http://www.roibusinessservices.com/blog.php?id=317 There's still time to get substantiation for 2018 donations http://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 http://www.roibusinessservices.com/blog.php?id=312 Develop a Strong Hand to Negotiate Loan Covenants http://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 http://www.roibusinessservices.com/blog.php?id=313 Getting wise to the rise of "smart" buildings http://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 http://www.roibusinessservices.com/blog.php?id=310 Fun fact: What percentage of Americans used only credit and debit cards in the last week? http://www.roibusinessservices.com/blog.php?id=311 Fri, 18 Jan 2019 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=311 What will your marginal income tax rate be? http://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 http://www.roibusinessservices.com/blog.php?id=308 Videoconferencing: Sharpen Your Company\'s Focus http://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 http://www.roibusinessservices.com/blog.php?id=309 Spouses Are Guilty Until Proven Innocent http://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 http://www.roibusinessservices.com/blog.php?id=307 Notify the IRS if You Change Your Address http://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 http://www.roibusinessservices.com/blog.php?id=306 Economic damages: Recovering what was lost http://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 http://www.roibusinessservices.com/blog.php?id=304 4 business functions you could outsource right now http://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 http://www.roibusinessservices.com/blog.php?id=305 2 major tax law changes for individuals in 2019 http://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 http://www.roibusinessservices.com/blog.php?id=303 You may be able to save more for retirement in 2019 http://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 http://www.roibusinessservices.com/blog.php?id=299 Make sure the price is right with market research http://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 http://www.roibusinessservices.com/blog.php?id=298 A refresher on major tax law changes for small-business owners http://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 http://www.roibusinessservices.com/blog.php?id=300 Is it Time to Rebid Your Vendor Contracts? http://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 http://www.roibusinessservices.com/blog.php?id=302 Insurance - Test Your Life Insurance Knowledge http://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 http://www.roibusinessservices.com/blog.php?id=301 Do your long-term customers know everything about you? http://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 http://www.roibusinessservices.com/blog.php?id=297 Act soon to save 2018 taxes on your investments http://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 http://www.roibusinessservices.com/blog.php?id=296 Infographic: Conducting a year-end risk assessment? Try this. http://www.roibusinessservices.com/blog.php?id=290 Infographic: Conducting a year-end risk assessment? Try this. Tue, 18 Dec 2018 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=290 Handle Payroll Taxes With Kid Gloves http://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 http://www.roibusinessservices.com/blog.php?id=292 Getting ahead of the curve on emerging technologies http://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 http://www.roibusinessservices.com/blog.php?id=291 Gap Insurance for Leased Cars http://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 http://www.roibusinessservices.com/blog.php?id=294 Does Your Buy-Sell Agreement Need Updating? http://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 http://www.roibusinessservices.com/blog.php?id=295 http://www.roibusinessservices.com/blog.php?id=293 Tue, 18 Dec 2018 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=293 Year-end tax and financial to-do list for individuals http://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 http://www.roibusinessservices.com/blog.php?id=285 Inventory Your Possessions http://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 http://www.roibusinessservices.com/blog.php?id=289 Family businesses need succession plans, too http://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 http://www.roibusinessservices.com/blog.php?id=282 Estate Tax Planning Tips for Single People http://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 http://www.roibusinessservices.com/blog.php?id=286 Don't Procrastinate Planning Your Estate http://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 http://www.roibusinessservices.com/blog.php?id=287 Disability Discrimination Claims May Be Teachable Moments http://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 http://www.roibusinessservices.com/blog.php?id=284 Age Has its Privileges ... and Penalties http://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 http://www.roibusinessservices.com/blog.php?id=288 7 Year-End Tax Planning Moves for Small Businesses http://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 http://www.roibusinessservices.com/blog.php?id=283 The Minimum Wage Is Going Up in Many Places on January 1 http://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 http://www.roibusinessservices.com/blog.php?id=278 Tax Cheer for Holiday Gifts to Employees http://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 http://www.roibusinessservices.com/blog.php?id=279 Proposed Regs Would Expand Health Reimbursement Arrangements http://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 http://www.roibusinessservices.com/blog.php?id=281 4 Year-End Strategies to Lower Your Personal Tax Bill http://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 http://www.roibusinessservices.com/blog.php?id=280 2019 Q1 tax calendar: Key deadlines for businesses and other employers http://www.roibusinessservices.com/blog.php?id=277 2019 Q1 tax calendar: Tue, 04 Dec 2018 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=277 IRS Ups the Ante on Retirement Contributions http://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 http://www.roibusinessservices.com/blog.php?id=276 Estimates vs. actuals: Was your 2018 budget reasonable? http://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 http://www.roibusinessservices.com/blog.php?id=275 Does prepaying property taxes make sense anymore? http://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 http://www.roibusinessservices.com/blog.php?id=274 Devote some time to internal leadership development http://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 http://www.roibusinessservices.com/blog.php?id=273 Taking the hybrid approach to cloud computing http://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 http://www.roibusinessservices.com/blog.php?id=269 Don't Gamble With Your Home-Based Business http://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 http://www.roibusinessservices.com/blog.php?id=272 Catch-up retirement plan contributions can be particularly advantageous post-TCJA http://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 http://www.roibusinessservices.com/blog.php?id=271 3 ways to get more from your marketing dollars http://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 http://www.roibusinessservices.com/blog.php?id=270 Tax Law Changes Affecting Partnerships, LLCs and Their Owners http://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 http://www.roibusinessservices.com/blog.php?id=268 Tax Law Allows Employees to Defer Income from Equity-Based Pay http://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 http://www.roibusinessservices.com/blog.php?id=266 Mutual funds: Handle with care at year end http://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 http://www.roibusinessservices.com/blog.php?id=264 Infographic: Here\'s a smart tax move: Donate appreciated art by year end. http://www.roibusinessservices.com/blog.php?id=265 infographic on charitable gifts Tue, 13 Nov 2018 09:00:00 -0600 http://www.roibusinessservices.com/blog.php?id=265 IRS Issues Guidance Deducting Meals Bought During Entertainment http://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 http://www.roibusinessservices.com/blog.php?id=267 Teen Drinking and Your Liability http://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 http://www.roibusinessservices.com/blog.php?id=261 Tax Consequences of Borrowing From a Retirement Plan http://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 http://www.roibusinessservices.com/blog.php?id=260 Take a Loss While Shares are Still Listed http://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 http://www.roibusinessservices.com/blog.php?id=262 Firing an Employee? Consider a Separation Agreement http://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 http://www.roibusinessservices.com/blog.php?id=258 Errors and Omissions Insurance http://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 http://www.roibusinessservices.com/blog.php?id=263 Change management doesn't have to be scary http://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 http://www.roibusinessservices.com/blog.php?id=257 Buy business assets before year end to reduce your 2018 tax liability http://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 http://www.roibusinessservices.com/blog.php?id=259 What\'s Happened to My Tax-Free Transportation Fringe Benefits? http://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 http://www.roibusinessservices.com/blog.php?id=253 Reduce insurance costs by encouraging employee wellness http://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 http://www.roibusinessservices.com/blog.php?id=251 Owning a Home Has Tax Advantages But There Are Limits http://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 http://www.roibusinessservices.com/blog.php?id=255 Donate appreciated stock for twice the tax benefits http://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 http://www.roibusinessservices.com/blog.php?id=252 Deducting Pass-Through Business Losses http://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 http://www.roibusinessservices.com/blog.php?id=256 Age 50 or Older? Consider Extra Retirement Contributions http://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 http://www.roibusinessservices.com/blog.php?id=254 Social Security Wage Base and Earnings Test Amounts Increase for 2019 http://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 http://www.roibusinessservices.com/blog.php?id=247 Social Security Quiz http://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 http://www.roibusinessservices.com/blog.php?id=246 Investigate Zoning Restrictions Before Committing to a Location http://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 http://www.roibusinessservices.com/blog.php?id=250 Intelligent Home Refinancing http://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 http://www.roibusinessservices.com/blog.php?id=249 Following the ABCs of customer assessment http://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 http://www.roibusinessservices.com/blog.php?id=244 Could "bunching" medical expenses into 2018 save you tax? http://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 http://www.roibusinessservices.com/blog.php?id=245 Reporting Income from Vacation Home Rentals under Today\'s Tax Rules http://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 http://www.roibusinessservices.com/blog.php?id=248 Tax-free fringe benefits help small businesses and their employees http://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 http://www.roibusinessservices.com/blog.php?id=237 Non-Compete Agreements: What Can They Accomplish? http://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 http://www.roibusinessservices.com/blog.php?id=243 Fun fact: How an accountant shaped a major soft drink's brand. http://www.roibusinessservices.com/blog.php?id=240 Tue, 16 Oct 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=240 Employers: IRS Updates Business Travel Per Diems http://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 http://www.roibusinessservices.com/blog.php?id=241 Consider all the tax consequences before making gifts to loved ones http://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 http://www.roibusinessservices.com/blog.php?id=242 4 pillars of a solid sales process http://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 http://www.roibusinessservices.com/blog.php?id=239 4 pillars of a solid sales process http://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 http://www.roibusinessservices.com/blog.php?id=238 Time to Take Inventory of Your Assets http://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 http://www.roibusinessservices.com/blog.php?id=236 Succeeding At Business Succession http://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 http://www.roibusinessservices.com/blog.php?id=235 Minimizing Your Risk of Cyber Breach http://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 http://www.roibusinessservices.com/blog.php?id=232 Insurance Matters: Disability and Your Finances http://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 http://www.roibusinessservices.com/blog.php?id=233 Ensure You Qualify for Charitable Donation Deductions http://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 http://www.roibusinessservices.com/blog.php?id=231 Charitable IRA rollovers may be especially beneficial in 2018 http://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 http://www.roibusinessservices.com/blog.php?id=234 A strong BYOD policy combines convenience with security http://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 http://www.roibusinessservices.com/blog.php?id=230 What\'s Involved in Being an Estate Executor? http://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 http://www.roibusinessservices.com/blog.php?id=227 What Makes More Sense? Temps or Full-Timers? http://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 http://www.roibusinessservices.com/blog.php?id=226 The Tax Treatment of Moving Expense Reimbursements http://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 http://www.roibusinessservices.com/blog.php?id=225 Take a Loss While Shares are Still Listed http://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 http://www.roibusinessservices.com/blog.php?id=229 Synchronize Your Student With College Savings http://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 http://www.roibusinessservices.com/blog.php?id=224 Do Not Take Tax Chances on Gambling http://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 http://www.roibusinessservices.com/blog.php?id=228 Dig out your business plan to prepare for the year ahead http://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 http://www.roibusinessservices.com/blog.php?id=223 Tax planning for investments gets more complicated http://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 http://www.roibusinessservices.com/blog.php?id=221 Medical Expense Deductions http://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 http://www.roibusinessservices.com/blog.php?id=220 Keeping a king in the castle with a well-maintained cash reserve http://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 http://www.roibusinessservices.com/blog.php?id=218 IRS Issues Proposed Guidance on Controversial SALT Limitation http://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 http://www.roibusinessservices.com/blog.php?id=222 ILLINOIS TAX: "Wayfair nexus" and Angel Investment Tax Credit Program http://www.roibusinessservices.com/blog.php?id=219 wayfair nexus, angel investment tax credit program in Illinois Tue, 25 Sep 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=219 The tax deduction ins and outs of donating artwork to charity http://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 http://www.roibusinessservices.com/blog.php?id=214 Tax Law Expands Accounting Method Options for Small Businesses http://www.roibusinessservices.com/blog.php?id=215 Tax Law Expands Accounting Method Options for Small Businesses Tue, 18 Sep 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=215 QBI Deduction Provides Tax Break to Pass-Through Entity Owners http://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 http://www.roibusinessservices.com/blog.php?id=217 Gen Z May Change How You Manage Employees http://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 http://www.roibusinessservices.com/blog.php?id=216 Are you ready to expand to a second location? http://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 http://www.roibusinessservices.com/blog.php?id=213 What's Next for State Tax Nexus? http://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 http://www.roibusinessservices.com/blog.php?id=210 Prepare for valuation issues in your buy-sell agreement http://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 http://www.roibusinessservices.com/blog.php?id=208 Personal Finance - Tax Consequences of Borrowing From a Retirement Plan http://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 http://www.roibusinessservices.com/blog.php?id=211 Looking for a New Home? Know How Much You Can Afford http://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 http://www.roibusinessservices.com/blog.php?id=212 2018 Q4 tax calendar: Key deadlines for businesses and other employers http://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 http://www.roibusinessservices.com/blog.php?id=209 Mark Mirsky, ROI CPE LLC presented at ICPAS SUMMIT18 http://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 http://www.roibusinessservices.com/blog.php?id=203 HSA + HDHP can be a winning health benefits formula http://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 http://www.roibusinessservices.com/blog.php?id=205 Effective Retirement Planning Includes Contingencies http://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 http://www.roibusinessservices.com/blog.php?id=207 Do you need to make an estimated tax payment by September 17? http://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 http://www.roibusinessservices.com/blog.php?id=204 Back-to-school time means a tax break for teachers http://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 http://www.roibusinessservices.com/blog.php?id=206 Watch Out for these Tax Issues When Planning for Your Business in 2018 http://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 http://www.roibusinessservices.com/blog.php?id=199 The ABCs of Higher Education Tax Breaks http://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 http://www.roibusinessservices.com/blog.php?id=201 Protect Your Company Against Fraud http://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 http://www.roibusinessservices.com/blog.php?id=202 New ACA Legal Battle Could Affect Individual and Employer Health Coverage http://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 http://www.roibusinessservices.com/blog.php?id=200 Business tips for back-to-school time http://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 http://www.roibusinessservices.com/blog.php?id=198 Test Your Life Insurance Knowledge http://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 http://www.roibusinessservices.com/blog.php?id=194 Play your tax cards right with gambling wins and losses http://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 http://www.roibusinessservices.com/blog.php?id=196 Leaving Town? Here's a Financial Planning Checklist http://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 http://www.roibusinessservices.com/blog.php?id=195 Here\'s the Skinny on Starting an Intership Program http://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 http://www.roibusinessservices.com/blog.php?id=197 Choosing the right accounting method for tax purposes http://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 http://www.roibusinessservices.com/blog.php?id=192 6 ways to get more value from an IT consultant http://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 http://www.roibusinessservices.com/blog.php?id=193 What are the biggest D&O risks? http://www.roibusinessservices.com/blog.php?id=188 Mon, 13 Aug 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=188 Contemplating compensation increases and pay for performance http://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 http://www.roibusinessservices.com/blog.php?id=187 Breaking Into Your 401(k) is an Expensive Way to Raise Cash http://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 http://www.roibusinessservices.com/blog.php?id=189 Age Has its Privileges ... and Penalties http://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 http://www.roibusinessservices.com/blog.php?id=191 http://www.roibusinessservices.com/blog.php?id=190 Mon, 13 Aug 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=190 The TCJA prohibits undoing 2018 Roth IRA conversions, but 2017 conversions are still eligible http://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 http://www.roibusinessservices.com/blog.php?id=182 Maximize Social Security Benefits When You Retire http://www.roibusinessservices.com/blog.php?id=186 Get the most from Social Security. Tue, 07 Aug 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=186 Is there a weak link in your supply chain? http://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 http://www.roibusinessservices.com/blog.php?id=183 How to \'Stage\' Your Home When Selling http://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 http://www.roibusinessservices.com/blog.php?id=184 Handbook Essentials to Protect Your Business http://www.roibusinessservices.com/blog.php?id=185 Handbook Essentials to Protect Your Business Tue, 07 Aug 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=185 Smart Ways to Handle Off-Site Employees http://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 http://www.roibusinessservices.com/blog.php?id=181 Here\'s how the IRS contacts taxpayers http://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 http://www.roibusinessservices.com/blog.php?id=177 Get SMART when it comes to setting strategic goals http://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 http://www.roibusinessservices.com/blog.php?id=176 Employee Ideas & Involvement - What\'s Best? Silent or Talking Employees? http://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 http://www.roibusinessservices.com/blog.php?id=180 Do you still need to worry about the AMT? http://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 http://www.roibusinessservices.com/blog.php?id=179 Sales tax Rate Change July 1, 2018 http://www.roibusinessservices.com/blog.php?id=175 Sales tax Rate Change July 1, 2018 Wed, 25 Jul 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=175 Why the \"kiddie tax\" is more dangerous than ever http://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 http://www.roibusinessservices.com/blog.php?id=171 Trust is an essential building block of today's websites http://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 http://www.roibusinessservices.com/blog.php?id=170 The ABCs of Higher Education Tax Breaks http://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 http://www.roibusinessservices.com/blog.php?id=172 New Law Makes Education-Savings Tools More Flexible http://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 http://www.roibusinessservices.com/blog.php?id=173 New Law Expands the Flexibility of ABLE Accounts http://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 http://www.roibusinessservices.com/blog.php?id=174 Effects of the Tax Law Vary Based on Major Life Events http://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 http://www.roibusinessservices.com/blog.php?id=169 Close-up on the new QBI deduction's wage limit http://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 http://www.roibusinessservices.com/blog.php?id=168 3 keys to a successful accounting system upgrade http://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 http://www.roibusinessservices.com/blog.php?id=167 What you can deduct when volunteering http://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 http://www.roibusinessservices.com/blog.php?id=164 New ACA Legal Battle Could Affect Individual and Employer Health Coverage http://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 http://www.roibusinessservices.com/blog.php?id=166 Is your inventory getting the better of you? http://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 http://www.roibusinessservices.com/blog.php?id=163 Home green home: Save tax by saving energy http://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 http://www.roibusinessservices.com/blog.php?id=165 Run the numbers before you extend customer credit http://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 http://www.roibusinessservices.com/blog.php?id=160 Finding a 401(k) that's right for your business http://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 http://www.roibusinessservices.com/blog.php?id=162 Do you know the ABCs of HSAs, FSAs and HRAs? http://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 http://www.roibusinessservices.com/blog.php?id=161 Watch Out for these Tax Issues When Planning for Your Business in 2018 http://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 http://www.roibusinessservices.com/blog.php?id=157 Tools to help you reach major financial goals. http://www.roibusinessservices.com/blog.php?id=153 Infographic: Tools to help you reach major financial goals. Tue, 19 Jun 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=153 New Tax Benefits of Hiring Your kid http://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 http://www.roibusinessservices.com/blog.php?id=158 Know the Rules Before Checking Employee Medical Records http://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 http://www.roibusinessservices.com/blog.php?id=159 A midyear review should go beyond financials http://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 http://www.roibusinessservices.com/blog.php?id=155 A midyear review should go beyond financials http://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 http://www.roibusinessservices.com/blog.php?id=154 2018 Q3 tax calendar: Key deadlines for businesses and other employers http://www.roibusinessservices.com/blog.php?id=156 Important Q3 2018 tax deadlines Tue, 19 Jun 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=156 Timing and Taxes: Two Critical Issues when Buying or Selling a Home http://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 http://www.roibusinessservices.com/blog.php?id=152 The tax impact of the TCJA on estate planning http://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 http://www.roibusinessservices.com/blog.php?id=151 Take Advantage of Expanded Tax Breaks for Business Vehicles http://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 http://www.roibusinessservices.com/blog.php?id=150 New Study Reveals Costs, Means and Ways to Stop Fraud http://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 http://www.roibusinessservices.com/blog.php?id=149 Could a long-term deal ease your succession planning woes? http://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 http://www.roibusinessservices.com/blog.php?id=148 Taxpayers should know the telltale signs of a scam http://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 http://www.roibusinessservices.com/blog.php?id=147 Saving tax on restricted stock awards with the Sec. 83(b) election http://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 http://www.roibusinessservices.com/blog.php?id=145 Factor in state and local taxes when deciding where to live in retirement http://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 http://www.roibusinessservices.com/blog.php?id=146 Bookings vs. shippings: A sales flash report primer http://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 http://www.roibusinessservices.com/blog.php?id=144 The TCJA changes some rules for deducting pass-through business losses http://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 http://www.roibusinessservices.com/blog.php?id=140 Plan ahead for vacation home rentals http://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 http://www.roibusinessservices.com/blog.php?id=139 Patents, Non-Compete and Financial Success http://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 http://www.roibusinessservices.com/blog.php?id=137 Don't Overlook a Roth IRA if You are Self-Employed http://www.roibusinessservices.com/blog.php?id=142 roth IRA advantages Tue, 29 May 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=142 Cost control takes a total team effort http://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 http://www.roibusinessservices.com/blog.php?id=141 Ask the right questions about your IT strategy http://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 http://www.roibusinessservices.com/blog.php?id=138 Mandatory E-Verify May Be Coming, Are You Ready? http://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 http://www.roibusinessservices.com/blog.php?id=135 Do Employers Have to Compensate Hourly Technicians for Travel Time http://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 http://www.roibusinessservices.com/blog.php?id=136 Could your next business loan get "ratio'd" http://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 http://www.roibusinessservices.com/blog.php?id=134 4 ways to encourage innovation in customer service http://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 http://www.roibusinessservices.com/blog.php?id=133 Be aware of the tax consequences before selling your home http://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 http://www.roibusinessservices.com/blog.php?id=132 Do you need to adjust your withholding? http://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 http://www.roibusinessservices.com/blog.php?id=131 Get started on 2018 tax planning now! http://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 http://www.roibusinessservices.com/blog.php?id=130 Tax document retention guidelines for small businesses http://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 http://www.roibusinessservices.com/blog.php?id=129 Haven't filed your 2017 income tax return yet? Beware of these pitfalls http://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 http://www.roibusinessservices.com/blog.php?id=128 3 ways to supercharge your supervisors http://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 http://www.roibusinessservices.com/blog.php?id=127 2018 Q2 tax calendar: Key deadlines for businesses and other employers http://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 http://www.roibusinessservices.com/blog.php?id=126 Home-related tax breaks are valuable on 2017 returns, will be less so for 2018 http://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 http://www.roibusinessservices.com/blog.php?id=125 A day of Irish. Friends, food, music and a little green at O\'Hares pub. http://www.roibusinessservices.com/blog.php?id=124 Sat, 17 Mar 2018 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=124 Building a sales prospect pipeline for your business http://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 http://www.roibusinessservices.com/blog.php?id=123 7 ways to prepare your business for sale http://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 http://www.roibusinessservices.com/blog.php?id=122 Size of charitable deductions depends on many factors http://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 http://www.roibusinessservices.com/blog.php?id=121 What you need to know about year-end charitable giving in 2017 http://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 http://www.roibusinessservices.com/blog.php?id=120 Tax deduction for moving costs: 2017 vs. 2018 http://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 http://www.roibusinessservices.com/blog.php?id=119 Families with college students may save tax on their 2017 returns with one of these breaks http://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 http://www.roibusinessservices.com/blog.php?id=118 Can you deduct home office expenses? http://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 http://www.roibusinessservices.com/blog.php?id=117 Tax Cuts & Jobs Act of 2017 Seminar a Success! http://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 http://www.roibusinessservices.com/blog.php?id=116 Don't be a victim of tax identity theft: File your 2017 return early http://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 http://www.roibusinessservices.com/blog.php?id=115 The TCJA temporarily expands bonus depreciation http://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 http://www.roibusinessservices.com/blog.php?id=114 Tax Cuts and Jobs Act: Key provisions affecting individuals http://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 http://www.roibusinessservices.com/blog.php?id=113 401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant http://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 http://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 http://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 http://www.roibusinessservices.com/blog.php?id=111 Valuation often affects succession plans in hard-to-see ways http://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 http://www.roibusinessservices.com/blog.php?id=110 You may need to add RMDs to your year-end to-do list http://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 http://www.roibusinessservices.com/blog.php?id=109 The ins and outs of tax on "Income investments" http://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 http://www.roibusinessservices.com/blog.php?id=108 2017 might be your last chance to hire veterans and claim a tax credit http://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 http://www.roibusinessservices.com/blog.php?id=107 Minimize inventory, services to make your financials shine http://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 http://www.roibusinessservices.com/blog.php?id=106 Retirement savings opportunity for the self-employed http://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 http://www.roibusinessservices.com/blog.php?id=105 4 ways to get (and keep) your business data in order http://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 http://www.roibusinessservices.com/blog.php?id=104 "Bunching" medical expenses will be a tax-smart strategy for many in 2017 http://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 http://www.roibusinessservices.com/blog.php?id=103 Bridging the divide with a mezzanine loan http://www.roibusinessservices.com/blog.php?id=102 Build a bridge with mezzanine financing. Tue, 03 Oct 2017 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=102 Ensuring a peaceful succession with a buy-sell agreement http://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 http://www.roibusinessservices.com/blog.php?id=101 The ABCs of the tax deduction for educator expenses http://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 http://www.roibusinessservices.com/blog.php?id=100 Put your audit in reverse to save sales and use tax http://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 http://www.roibusinessservices.com/blog.php?id=99 4 tough questions to ask before expanding to a new location http://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 http://www.roibusinessservices.com/blog.php?id=98 Listening to your customers by tracking lost sales http://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 http://www.roibusinessservices.com/blog.php?id=97 3 midyear tax planning strategies for individuals http://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 http://www.roibusinessservices.com/blog.php?id=96 Business Entities http://www.roibusinessservices.com/blog.php?id=94 Which Business Entity? The choice is yours. Infographic Thu, 27 Jul 2017 09:00:00 -0500 http://www.roibusinessservices.com/blog.php?id=94 Does your business have too much cash? http://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 http://www.roibusinessservices.com/blog.php?id=93 3 midyear tax planning strategies for business http://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 http://www.roibusinessservices.com/blog.php?id=92 Business owners: When it comes to IRS audits, be prepared http://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 http://www.roibusinessservices.com/blog.php?id=91 Real estate investor vs. professional: Why it matters http://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 http://www.roibusinessservices.com/blog.php?id=90 It may be time for your company to create a strategic IT plan http://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 http://www.roibusinessservices.com/blog.php?id=89 Enhanced Security for your my Social Security Account http://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 http://www.roibusinessservices.com/blog.php?id=88 3 hot spots to look for your successor http://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 http://www.roibusinessservices.com/blog.php?id=87 Enhance benefits' perceived value with strong communication http://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 http://www.roibusinessservices.com/blog.php?id=86 Matchmaker, matchmaker: Choosing the right lender http://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 http://www.roibusinessservices.com/blog.php?id=85 Who can - and who should - take the American Opportunity credit? http://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 http://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 http://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 http://www.roibusinessservices.com/blog.php?id=82 Don't make hunches - crunch the numbers http://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 http://www.roibusinessservices.com/blog.php?id=83 What you need to know about the tax treatment of ISOs http://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 http://www.roibusinessservices.com/blog.php?id=81 Is your business committed to its cost-control regimen? http://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 http://www.roibusinessservices.com/blog.php?id=80 4 principles of competitive intelligence http://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 http://www.roibusinessservices.com/blog.php?id=79 Help prevent tax identity theft by filing early http://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 http://www.roibusinessservices.com/blog.php?id=78 Considering a spinoff? Think it through http://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 http://www.roibusinessservices.com/blog.php?id=77 2017 Q1 tax calendar: Key deadlines for businesses and other employers http://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 http://www.roibusinessservices.com/blog.php?id=76 Want to save for education? Make 2016 ESA contributions by December 31 http://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 http://www.roibusinessservices.com/blog.php?id=75 Keeping your family business in the family http://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 http://www.roibusinessservices.com/blog.php?id=74 Ensure your year-end donations will be deductible on your 2016 return http://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 http://www.roibusinessservices.com/blog.php?id=73 Your company\'s balance sheet makes great reading this time of year http://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 http://www.roibusinessservices.com/blog.php?id=72 Why making annual exclusion gifts before year end can still be a good idea http://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 http://www.roibusinessservices.com/blog.php?id=71 Can you pay bonuses in 2017 but deduct them this year? http://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 http://www.roibusinessservices.com/blog.php?id=70 There's still time to benefit on your 2016 tax bill by buying business assets http://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 http://www.roibusinessservices.com/blog.php?id=69 Year-end tax strategies for accrual-basis taxpayers http://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 http://www.roibusinessservices.com/blog.php?id=68 A brief overview of the President-elect's tax plan for individuals http://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 http://www.roibusinessservices.com/blog.php?id=67 A quick look at the President-elect's tax plan for businesses http://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 http://www.roibusinessservices.com/blog.php?id=66 3 ways to get started on next year\'s budget http://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 http://www.roibusinessservices.com/blog.php?id=65 There's still time to set up a retirement plan for 2016 http://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 http://www.roibusinessservices.com/blog.php?id=64 Are you timing business income and expenses to your tax advantage? http://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 http://www.roibusinessservices.com/blog.php?id=63 5 ways to speed up collections http://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 http://www.roibusinessservices.com/blog.php?id=62 Tax-smart options for your old retirement plan when you change jobs http://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 http://www.roibusinessservices.com/blog.php?id=61 Business owners, help your estate by gifting company stock http://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 http://www.roibusinessservices.com/blog.php?id=60 Proper education can drive retirement plan participation http://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 http://www.roibusinessservices.com/blog.php?id=59 Prepaid tuition vs. college savings: Which type of 529 plan is better? http://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 http://www.roibusinessservices.com/blog.php?id=58 Innovate or acquire? That's the strategic question http://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 http://www.roibusinessservices.com/blog.php?id=57 Documentation is the key to business expense deductions http://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 http://www.roibusinessservices.com/blog.php?id=56 Climbing the "hierarchy of needs" to find employee engagement http://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 http://www.roibusinessservices.com/blog.php?id=55