Qualified employee achievement award programs (QEAAPs) are nontaxable fringe benefit programs that reward employees achievements. QEAAPs requirements: The plan must be written. The plan cannot discriminate in favor of highly...
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Articles, Insights & Expert Advice
May 1, 2022
Standard Tax Deductions for the Self Employed
If you’re self-employed, such as freelancers or independent contractors, you should know what deductions you qualify for to reduce your self-employment tax. Here are the most common you will not...
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April 1, 2022
Don’t Get Snagged on Common Bonus Pitfalls
Who doesn’t like a bonus? The reasons are apparent. Employees will always take recognition for a job well done and some extra cash in their pocket. Employers will enjoy their...
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March 1, 2022
Retain Employees with a Solid Bonus Program
In the current economic climate, employee retention has jumped to the top of the priority list for many small businesses. It is more cost-effective to retain employees and keep turnover...
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February 1, 2022
Building a Better Budget
The effectiveness of a business owner's ability to plan is vital to a company's success. Budget planning is a critical piece of the planning process. Budgets are dynamic and flexible...
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January 1, 2022
Strategic Planning for Your Future Success
Most individuals make a new year resolution, from losing weight to saving money, but resolutions can be helpful for businesses too. The first step to achieving your company’s goals is...
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December 1, 2021
Don’t Let Your Morning Coffee Trigger an IRS Audit
While one cup of coffee is not going to trigger an audit, in the last few years, there have been significant changes to the amounts and categories of meals and...
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