The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Business · 2 min read ·
Simple-To-Use IRS Online Tools
Do you need tax help? The IRS provides online tools that are free and easy to use. These resources are available 24/7 and can help you file your tax return, check your refund status, and get tax questions answered. He…
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Business · 2 min read ·
Proposed Changes to Overtime Pay and Exempt Employees
In 1938 the Fair Labor Standards Act was created to mandate the federal minimum wage, regulate child labor, and determine exempt and nonexempt rules for overtime pay. At the date of mandate, overtime was paid if a non…
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Business · 3 min read ·
Buying a Business? Important Things to Consider
Are you thinking of purchasing an established business? I wrote a blog in April of this year on the topic of buying a business and what you need to know , and recently received an email from a business contact giving…
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Business · 4 min read ·
Employers Can Exclude Some Veterans from ALE Calculation
Do you employ veterans? Are you wondering if you must include them in the applicable large employers (ALE) calculation for health care coverage? My insurance company, ISU Olson Duncan Insurance, sent a bulletin to me…
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Bookkeeping · 2 min read ·
Tax Planning: It's Time to Meet with Your CPA
As a bookkeeper, I always recommend to my clients that they meet with their tax planner at least one time a year, and better yet two. I usually suggest once around mid-year, and once in the last quarter. The purpose i…
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Business · 2 min read ·
Do You Want to Be Liable for Credit Card Fraud?
In March of this year, I discussed the upcoming deadline for businesses to change to EMV technology, and the date to do so is now here. Failing to update your processing equipment can be costly if fraud is found to ha…
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News · 3 min read ·
Warning From IRS Regarding New Tax Scams
There are new tax scams taking place that the IRS wants consumers to know about. These strategies against taxpayers happen over the phone, through e-mails, or through authentic-looking letters and attempt to deceive p…
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News · 2 min read ·
Save Money on a SBA Loan Today!
Are you looking into a SBA loan to expand your business? Maybe you'd like to purchase inventory or need working capital for an expansion. Through September 30, you'll save on fees that are normally charged when fundin…
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Business · 2 min read ·
Raising the Minimum Wage Might Hurt the Poor Instead of Helping Them
Raising the minimum wage may not improve the quality of life of the poor according to a new report. The Board of Supervisors authorized the study by the Los Angeles Economic Development Corp. to look at the possible e…
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Communication · 2 min read ·
Education Tax Credits for Students
If someone in your household is going to college, you may be able to get a refund on your next tax return. Here is some helpful information about education tax credits. The American Opportunity Tax Credit is worth up…
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Business · 3 min read ·
Are You Paying Hidden Investment Fees?
Saving enough money for retirement is hard. Its even more difficult when some of your money is taken away by fees that are unseen and possibly unnecessary. Small fees can have a big impact over the long term, and ever…
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Community · 2 min read ·
What to Know Regarding Teen Part-Time Jobs and Taxes
Often teens take a part-time job but aren't always aware of the tax rules that apply. Here are a few things your child should understand: Income tax withholdings will be deducted from their pay based on their income a…
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