Conduct a mid-year paycheck checkup for adequate withholding

Conduct a mid-year paycheck checkup for adequate withholding

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 doesn’t happen next year. You might even want to do that if you got a big refund. Receiving a tax refund essentially means...
How should you handle worker classification?

How should you handle worker classification?

Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply...
Is your nonprofit organization ready for a raffle?

Is your nonprofit organization ready for a raffle?

A raffle is a great fundraiser for not-for-profits. But they are subject to strict tax rules. State laws on nonprofit-sponsored raffles can vary significantly, but nonprofits must comply with federal income tax requirements linked to unrelated business income,...
Year-end tax and financial to-do list for individuals

Year-end tax and financial to-do list for individuals

With the dawn of 2019 on the near horizon, there are many items that you need to take care of before the end of 2018. here’s a quick list of tax and financial to-dos you should address before the end of the year. Check your FSA balance. If you have a Flexible Spending...