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 · 3 min read ·
Hiring Your Children Can Have Tax Benefits
Are you a parent of minor children who would like to earn some extra money and you could use their help in your business? Are you a sole-proprietor or have a partnership in which each partner is a parent of the child(…
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About · 9 min read ·
Candy Messer on "All In" With Brian Weatherford
https://youtu.be/yeex_YeSMUY Bryan Weatherford : Folks, as you know, here on the show, not just my show, not just the network, but frankly, our entire center, Post Media Company, we are here to help small businesses.…
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Business · 3 min read ·
Sales Tax Rates Reached 10-Year High in 2020
According to Accounting Today , sales tax has increased to levels that haven't been seen in over ten years. This means that during the pandemic, many companies had to collect even more tax revenue from online shopping…
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Business · 2 min read ·
Senators Propose to Make Work Opportunity Tax Credit Permanent
The Work Opportunity Tax Credit (WOTC) is currently in the works to become a permanent part of the tax code and is being led by a bipartisan group of Senate lawmakers. It is offering employers tax credits per worker d…
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Business · 3 min read ·
When to Consider Changing Business Entity Types
https://youtu.be/po2nDTMqIVg Are you operating your business as a sole proprietorship and thinking of forming an entity? Or do you have a structure in place but are considering another as your business evolves and gro…
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Business · 2 min read ·
Working with a Tax Pro is Even More Important in 2021
In 2020, there were quite a few changes to tax laws due primarily to COVID-19. Because of this, the NATP, the National Association of Tax Professionals, recommends that as a taxpayer you work with tax professionals to…
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Business · 4 min read ·
Victory in Your Small Business Negotiation
In business, we are always going to be discussing prices, contracts, deadlines, products, and more. Periodically, you might find yourself in a disagreement with vendors, customers, distributors, or others. Negotiating…
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Business · 3 min read ·
Labor Compliance in the Workplace
https://youtu.be/KpsU7gt4uf8 The Pandemic brought about different working scenarios than many companies have experienced in the past, and along with these changes come the responsibility of making sure labor laws are…
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Business · 2 min read ·
IRS Provides Cafeteria Plan Relief for the Pandemic
Due to the continuing COVID-19 Pandemic, Congress had allowed for special rules regarding health FSAs (Flexible Spending Arrangements) under Section 125 Cafeteria Plans. They have also extended these to dependent care…
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Business · 4 min read ·
5 Tips for Cutting Out Busywork to Improve Productivity
As professionals, it is easy to get caught up in lots of shallow work that feels productive. However, a lot of times these menial tasks do not help with long-term goals or tasks that require a lot of deep and analytic…
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Business · 2 min read ·
First-Time Abatement and Reasonable Cause Defense
https://youtu.be/WBHfvLB8Z0k Are you an individual or business owner behind on tax payments to the IRS? Has the COVID-19 Pandemic negatively impacted your income and ability to pay your liabilities? You may be able to…
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Taxes · 4 min read ·
All Taxpayers Can Now Get an IRS Identity Protection PIN
About a decade ago the IRS created an Identity Protection PIN Program. This program gave people with confirmed identity fraud protection against further fraud happening. An IP PIN is a personalized, 6-digit numerical…
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