For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under the Tax Cuts and Jobs Act.) But it’s crucial not
By and large, today’s employees expect employers to offer a tax-advantaged retirement plan. A 401(k) is an obvious choice to consider, but you may not be aware that there are a variety of types to choose from. Let’s check out some of the most popular options for 401(k) plan types.
There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs. Here are highlights in comparing HSA, FSA, and HRA accounts to make sense
We are now half way through 2018 - as such, this is a good time to readdress the tax reform changes under the new Tax Cuts and Jobs Act (TCJA), which became law in December 2017. Most (if not all) of the changes in the TCJA did not affect your
Dalby, Wendland & Co., P.C., in Montrose will be relocating to new offices at the Tower Building (1544 Oxbow Drive, Suite 101) the week of July 30th. The office will be closed Thursday, July 26th through Tuesday, July 31st and will reopen for regular business on Wednesday, August 1st. Our
For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates, which apply to
Some business owners — particularly those who founded their companies — may find it hard to give up control to a successor. Maybe you just can’t identify the right person internally to fill your shoes. While retirement isn’t in your immediate future, you know you must eventually step down. One
Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or crypto currency. While most smaller businesses aren’t yet accepting bitcoin or other virtual currency payments from their customers, more and more
Dalby, Wendland & CO., P.C.’s Rifle office has relocated to new space at 820 Megan Ave., Unit C. The new office is just up the street from the prior space. Firm Principal Duane Antes, CPA, will continue to oversee the office. Antes notes, “The Firm opened the Rifle office in
The most effective estate planning strategies often involve the use of irrevocable trusts. But what if you’re uncomfortable placing your assets beyond your control? What happens if your financial fortunes take a turn for the worse after you’ve irrevocably transferred a sizable portion of your wealth? If your marriage is
