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Blogs Contributor - Barbara Weltman

Guest Blogger

Posts by Barbara Weltman

Guest Blogger

  • We all make mistakes and when it comes to taxes it’s all too easy to slip up. Recognizing mistakes and fixing them as quickly as possible is the key to minimizing interest and penalties and getting back on track.Employer tax mistakesUnless you’re a very small employer (with quarterly...
    Industry Word - February 12, 2015 - 1 comments
  • When your company needs financing, it may be difficult or impossible to obtain it unless you give your personal guarantee. This means if the company fails to pay its debt, you’re on the hook. Obligations for which you may be asked for your unsecured promise to pay if the company doesn’t...
    Industry Word - January 15, 2015 - 3 comments
  • If your business can afford it and you want to reward employees, year-end cash bonuses may be the way to go. In providing this additional compensation, understand what it means from a tax perspective.Bonuses are treated like other payThey are subject to income tax withholding, FICA, and FUTA taxes...
    Industry Word - December 11, 2014 - 10 comments
  • It’s common for companies to pay for employee meals under a variety of circumstances. They may be on the road for company business or in your lunchroom snacking. From a tax perspective, the circumstances under which you furnish food determine the extent to which you can write off your costs....
    Industry Word - November 19, 2014 - 0 comments
  • From time to time, an employee going through a rough financial patch may turn to an employer for help. As member of your small business family—which is how many owners view their staff—you want to be helpful. But lending money to an employee should only be done after considering all the...
    Industry Word - October 16, 2014 - 10 comments
  • Even though a business may be non-seasonal, it can still experience significant swings in the amount of revenue it takes in; sometimes things are very busy, while at other times things may be slow. Businesses that have dramatic work reductions often terminate members of their staff in order to make...
    Industry Word - September 11, 2014 - 6 comments
  • New taxpayers, such as recent graduates who’ve just entered the job market, probably have a clean tax slate. But seasoned taxpayers have a history that can impact their taxes going forward. Due to limitations and restrictions, some tax breaks cannot be fully used in the year in which they are...
    Industry Word - August 21, 2014 - 3 comments
  • Employees are one of your biggest assets, even though they don’t appear on your balance sheet. They help you operate your business and are the faces of your company brand. But employees can also be a big liability if they steal from you. What can you do to protect yourself? Acknowledge the...
    Industry Word - July 17, 2014 - 11 comments
  • When you need help to run your business, you have to decide whether to hire an employee or outsource the work to an independent contractor. For the most part, independent contractors are on their own when it comes to taxes, insurance, and retirement savings. In contrast, employees are largely your...
    Industry Word - June 19, 2014 - 7 comments
  • Having business income but being unable to cover anticipated taxes on the income through wage withholding means you’ll have to pay estimated taxes. You’ll have to project what you think you’ll owe for the year and then pay them in four installments to the government. If you...
    Industry Word - May 22, 2014 - 11 comments

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