Retirement saving options for your small business: Keep it simple
If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved, there are a couple of options to consider. Let’s take a look at a “simplified employee pension” (SEP) or a “savings incentive match plan for employees” (SIMPLE). SEPs are intended […]
When Should I Consider a Career Change?
Introduction Making the decision to change careers is a big one and requires careful consideration. It’s important to weigh all the pros and cons before making a final decision, as a career change can have a significant impact on your life and future. Whether you’re looking to change industries, switch to a different role, or move to a new company, it’s essential to have a solid plan in place before making a move. In this article, we’ll discuss […]
The 3 Best Tax Preparation Strategies
Tax season can be intimidating, especially if you need clarification on the best strategies to get your taxes done and save as much money as possible. But don’t worry; there are plenty of ways to maximize your income for this upcoming tax season. In this blog post, we’ll discuss the top tax preparation tips to […]
It’s happening: Using social media for customer service
Everyone is on social media these days, including businesses and their customers. This creates a natural — or shall we say virtual — nexus for companies to field questions, comments and complaints from buyers or those interested in their products or services. In other words, whether companies realize it or not, customer service is happening […]
The tax rules for donating artwork to charity
If you’re an art collector, you may wonder about the tax breaks available for donating a work of art to charity. Several different tax rules may come into play in connection with such contributions. Basic rules Your deduction for a charitable contribution of art is subject to be reduced if the charity’s use of it […]
The tax advantages of hiring your child this summer
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. You can save family income and payroll taxes by putting your child on the payroll. It’s a win-win! Here are four tax advantages. […]
6 Tips for New Graduates Starting at a Small Indianapolis Accounting Firm
Starting your career at a small accounting firm in Indianapolis can be both exciting and daunting. As a new graduate, you may be wondering how to stand out and excel in your new role. Here are five tips to help you win at work and make a positive impact at your firm. Be Proactive One of the […]
Starting a Business in Indiana: Some Simple Steps
Starting a business is exciting but can be daunting if you’re an aspiring entrepreneur in Indiana and are ready to turn your dreams into reality. Don’t let the uncertainty of taking the plunge keep you from achieving success; with this guide on how to start a business in Indiana, we’ll walk you through all the […]
How businesses can use stress testing to improve risk management
If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important lesson for business owners is already clear: You’ve got to be constantly on guard against the many risks to your company’s financial solvency. One way […]
Some taxpayers qualify for more favorable “head of household” tax filing status
When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as a head of household is more favorable than filing as a single taxpayer. For example, the 2023 standard deduction for a single taxpayer is $13,850 while […]
