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.
Bookkeeping · 2 min read ·
Tips Versus Automatic Service Charges
The Internal Revenue Service passed a law in 2012 that takes effect January 1, 2014 that has an impact on businesses that charge automatic gratuities also described as service charges. According to the regulation, ser…
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Payroll · 2 min read ·
Are Year-End Gifts and Bonuses Taxable to Employees?
Are you planning on giving your employee a year-end bonus or holiday gift? Are you aware of the rules regarding the taxability of these items? Make sure you are following the IRS guidelines regarding if tax must be wi…
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Bookkeeping · 2 min read ·
Upcoming Tax and Filing Deadlines
As an entrepreneur, there are some upcoming deadlines that you should be aware of to avoid failure to file or pay penalties. Mark your calendar for those that apply to you. Estimated Tax Payments : These are due 4 tim…
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Business · 3 min read ·
Feds Shut Down 4th Largest Tax Prep Service Due to Rampant Fraud - Who Can You Trust?
Instant Tax Service was the 4 th largest tax preparation service in the nation. In 2009, ITS was ranked #1 on Entrepreneur Magazine’s Top New Franchises list, #1 lowest cost franchise in the US, and #3 fastest-growing…
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Business · 3 min read ·
Tax Benefits Increase As The IRS Adjusts for Inflation
Announced last month, the IRS has evaluated and amended tax provisions to account for inflation. More than 40 tax provisions have been adjusted, including the tax rate schedules, and other tax changes. I am going to s…
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About · 2 min read ·
Giving Thanks
With Thanksgiving tomorrow I want to take the time to write down a few things I value in my life and give thanks for all I have. As you can imagine, I am thankful for my family. I've been married for 21 years and have…
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Community · 2 min read ·
Support Small Businesses on Saturday
Small Business Saturday is a day dedicated to supporting small businesses across the country. Founded by American Express in 2010, this day is celebrated every year on the Saturday after Thanksgiving. This year, Small…
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Business · 3 min read ·
How Efficient People Add More Time to their Day, Part 2
Last post I shared four effective ways to get more work DONE and free up precious minutes and hours of your day to invest in the things you love. Kevin Daum from Inc.com has analyzed the habits of extremely efficient…
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Business · 3 min read ·
How Efficient People Add More Time to Their Day, Part 1
Who doesn’t want to be more efficient? Adding minutes to hours and creating more hours in your day is a highly coveted skill. Kevin Daum, best-selling author of Video Marketing for Dummies , points out that some peopl…
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Business · 3 min read ·
Holiday Season Marketing Tips for Your Business
Although our focus is usually on bookkeeping, payroll, and tax topics, I came across a helpful article from SBA.gov with some interesting tips for marketing during the coming holiday season. These budget-friendly idea…
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Payroll · 3 min read ·
1-2 Week Delay Expected From The IRS This Coming Tax Season
Following the 16-day government closure earlier this month, the IRS has reopened to face a huge backlog of work which will affect the start of the tax season next year. Although setting up IRS core systems occurs year…
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Community · 3 min read ·
Alzheimer’s Awareness Month – How You Can Help!
As many of you may know, I have partnered in the past with Adia to raise funds for local charities. Since November is Alzheimer’s awareness month, they are currently helping South Bay Senior Services to collect donati…
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