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.
IRS · 6 min read ·
Navigating IRS Balance-Due Notices
During the pandemic, the IRS paused some of its collection and compliance notifications through the remainder of 2022. They specifically stated they would be holding balance-due reminders as the IRS needs time to get…
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Bookkeeping · 2 min read ·
The Biggest 401(k) Mistake Workers Should Avoid
For those workers that tend to jump from job to job, it is possible they are at risk of making one of the biggest financial mistakes due to constantly switching employment. For example, their former employers could po…
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Business · 3 min read ·
How to Keep Your Business Strong During a Crisis
Owning a business can be a difficult task, especially when faced with a crisis. Today many entrepreneurs are struggling with financial challenges due to the pandemic and are not confident that they can keep their comp…
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COVID-19 · 2 min read ·
Paid Leave to Employees Helping Family Get COVID Vaccination
In 2021 the American Rescue Plan Act (ARP) was created to help with relief of all types during COVID-19. Since then, the IRS has updated it's paid sick and family leave tax credits. These updates include the ability f…
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Bookkeeping · 4 min read ·
How to Identify Scams and Protect Yourself From Fraudsters
In the last video, I shared the 2021 Dirty Dozen Tax Scams the IRS specified. Each year, they identify the top 12 methods used for stealing data and other nefarious tactics to get money from unsuspecting victims. Toda…
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Business · 4 min read ·
Minimum Wage Increases Taking Effect
It’s that time of year again to talk about minimum wage increases scheduled to take effect January 1 (December 31, 2020 in the case of New York State). With the pandemic seriously impacting businesses and their strugg…
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Business · 1 min read ·
Deductibility of Alternative Health Plans
https://youtu.be/_D8yK9XtX1w Have you noticed that the cost of insurance has gone up year after year? Are you aware that premiums have increased over 54% since 2009? The IRS has recently issued regulations that may he…
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COVID-19 · 2 min read ·
Exciting News! PPP Forgiveness is Here!
https://youtu.be/DE6XaJ7FNJo Are you an employer who received a PPP loan and were waiting to find out if the IRS guidelines of non-deductibility were going to remain, or if Congress was going to make an adjustment? We…
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Business · 2 min read ·
Study Finds the Time Blocking Increased Productivity
According to CPA Practice Advisor, the new flexibility in employee schedules that has come about as a result of the rise of telecommuting during the COVID-19 Pandemic is proving to be a positive trend for productivity…
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Business · 3 min read ·
The Hartford’s Best Advice for Small Business Owners
Networking is an incredibly valuable tool for small business owners. Have a group of like minded entrepreneurs where you can discuss the ups and downs of business to determine what is and isn’t working can help you ta…
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Business · 2 min read ·
Trump Considering Capital Gains Indexing
With the possibility of a second wave of stimulus checks dwindling, President Donald Trump is looking to other methods to help the economy, including indexing capital gains taxes. Capital gains refers to the profit ma…
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Business · 2 min read ·
Study Finds the Time Blocking Increased Productivity
According to CPA Practice Advisor, the new flexibility in employee schedules that has come about as a result of the rise of telecommuting during the COVID-19 Pandemic is proving to be a positive trend for productivity…
Read article
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