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.
COVID-19 · 2 min read ·
Dividend Payouts Affected by Coronavirus Crisis
As a result of the Coronavirus pandemic, we are seeing a huge global economic recession, as many companies have had to preserve their funds for essential business functions. Unfortunately, this mean that dividends 202…
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Taxes · 2 min read ·
IRS Moves Non-Employee Compensation to New Form
The IRS is moving Non-Employee Compensation reporting, previously 1099 MISC-box 7, to a new form called the 1099-NEC. This change takes effect for the 2020 tax year, so reports filed in 2021 and later will need to uti…
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Business · 2 min read ·
How You Can Utilize Section 139 to Provide Financial Relief to Employees
With widespread hardship due to the Coronavirus pandemic, many companies are looking for ways to help their employees stay safe and healthy. Since the economic downturn is one of the most significant challenges indivi…
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COVID-19 · 2 min read ·
We May Be Headed into the Worst Recession Since World War II
The Coronavirus pandemic has had a dramatic impact on the global economy. In fact, according to a recent study conducted by World Bank, we are likely headed into the worst recession since World War II. According to CP…
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Business · 2 min read ·
Lenders Struggle with Paycheck Protection Program Loan Forgiveness Requirements
With the sudden onslaught of the coronavirus pandemic and the economic closures that resulted, the US government has struggled to provide organized relief in its effort to help entrepreneurs stay afloat and keep their…
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Community · 3 min read ·
Social Security Benefits and Your Retirement
Understanding the ins and outs of your Social Security benefits is essential for wealth building and retirement planning. In this article, we will examine how your benefits are calculated, when they can be claimed, an…
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Business · 3 min read ·
How to Have a Productive Morning According to Successful Business Owners
The way you start your morning can set the tone for your entire day. While a chaotic or frustrating AM routine can hinder your afternoon work, having a productive morning starts you off on the right foot and paves the…
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Business · 2 min read ·
Employee Responses to Telecommuting Surveyed
The new normal of working from home has had a positive impact in the lives of many employees. According to a recent survey published by Robert Half, in which 1000 workers were polled about their telecommuting experien…
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Business · 2 min read ·
How To Properly Record Travel Expenses For Deduction
If you are self-employed and travel for your business, any unreimbursed costs you incur on your trips may be tax deductible. While this is great news for small business owners looking to reduce their tax liability, it…
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Business · 3 min read ·
What COVID Has Taught Us About Working From Home
Because of the COVID-19 pandemic, most businesses have had to create a work from home option for non-essential employees. This includes companies that previously did not allow or have the structure for employees to te…
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Business · 3 min read ·
How to Be a Better Boss
We’ve all had a bad boss. Whether it was a lack of leadership, work ethic, or care for employees, these kinds of managers make it difficult to stay at a job no matter how much you may like your position or coworkers.…
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Taxes · 2 min read ·
IRS Collections Suspended in Response to Coronavirus
The IRS recently announced a suspension period for collection activities in response to the COVID-19 crisis. This suspension, which is set to last from March 30 th to July 15 th , 2020, is designed to provide relief t…
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