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.
Taxes · 3 min read ·
IRS Wage Garnishments and How to Get Them Released
In the event that you owe taxes to the IRS and do not have an arrangement to pay such as an extension, payment plan, offer in compromise, or “currently not collectable” status, the IRS may seek wage garnishment. IRS w…
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Business · 3 min read ·
Why You May Want to Consider Electing S Corp Status
As a small business owner, one of the most important (albeit often overlooked) decisions that you can make for your company is selecting the legal structure that is the best fit for your needs. In this article, we wil…
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Community · 2 min read ·
Tax Deadlines Extended for Imelda Victims
Between September 17th and 21st, Tropical Storm Imelda caused chaos in Texas and Louisiana, bringing up to 43 inches of flooding rain to some areas. The tempest caused at least 5 deaths and over 2 billion dollars in d…
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Business · 3 min read ·
How to Cut Interest on Money Used in Business
If you own a business and have accrued any kind of debt, from taking out a line of credit from the bank, to a margin loan on securities, or a mortgage on the building from which your company operates, cutting interest…
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Business · 2 min read ·
It’s 1099 Filing Season Again!
It’s January and the mandated 1099 filing season is upon us! If filing the 1099-MISC form, you must not only send to the recipient by January 31st, but they must also be paper or electronically filed by that date with…
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Business · 2 min read ·
Ways to Save on Overhead
The new year is a great time to look at your business’s finances to determine what has served you well in the past year, and where you may want to pare down your spending. With last year’s financial reports at the rea…
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Business · 3 min read ·
Which Corporate Retirement Plan Should You Choose?
Choosing a retirement plan is a big decision, even if you are only choosing one for yourself. When you are also impacting the retirement plans of your employees, stakes are even higher. With many options from which to…
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Taxes · 2 min read ·
IRS Assistant Helps Small Businesses Withhold the Right Amount of Tax
According to the IRS website, it has launched a new online assistant designed to help employers, especially small businesses, easily determine the right amount of federal income tax to withhold from their workers’ pay…
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Business · 2 min read ·
How to Choose New Software for Your Firm
Making a firm-wide software change can be a pain. Investing your time and money into choosing and implementing a new program may feel arduous, but the long-term benefits of using the right software for your business’s…
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News · 2 min read ·
California Is Retroactively Seeking Tax for Online Sales
If you are an online merchant, you are likely aware of the Wayfair case, a 2018 ruling wherein the Supreme Court voted that states may charge sales tax for online purchases even if the seller has no physical presence…
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Community · 3 min read ·
Questions to Ask During Open Enrollment
It’s open enrollment season, and while this end-of-the-year occurrence may not be as exciting as the holidays, researching and choosing your coverage carefully has the potential to be a gift all year long. While it ma…
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Business · 3 min read ·
New Federal Rule Regarding Who Can Be Exempt From Overtime
The Department of Labor (DOL) has recently undertaken a revision of the Fair Labor Standards Act (FLSA,) which updates the earnings threshold necessary to be exempt from overtime, making 1.3 million workers newly elig…
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