Family & Medical Leave Credit for Employers

Buried in the deep dark depths of the tax law passed in December 2017 was a great little benefit for those employers that are offering paid family or medical leave to workers annually. To be eligible, you must meet these requirements: You (the employer) must have a written policy that requires at least 50% pay… Read More

News from Social Security Administration

The Social Security Administration released their final numbers.  They continue to raise the new limit that you must pay Social Security/ Self employment tax on. The maximum base increases to $132,900 in 2019 (from $128,400 in 2018). This will result in additional FICA tax of $558 for the self employed if your earnings are above… Read More

Per Diem Rate for Truckers

Notice 2018-77 just released the new 2018-2019 special per diem rates for those in the transportation industry. The new meal and incidental expenses (M&IE) rates for truckers is $66 per day. This is up from 2017 where the rate was $63 per day. The new rate is in effect for meals on or after October… Read More

Payroll 101

If your business has employees, you’ll have to do payroll. There’s no way to avoid it, but what really is payroll? There are 4 basic components to payroll: Paying employees compensating employees for the work they do Withholding and paying taxes both employee and employer taxes Reporting to the government both state and federal Maintaining… Read More

Iowa Small Business Summit

You’re invited to attend the Iowa Small Business Summit on September 6th in Grinnell, Iowa where you will join other small business owners/managers at this free event. Meet one of the people behind the summit and learn what will help make your small business the best it can be. From marketing to advertising to media relations to… Read More

A Taste of Taxes in Texas

In June, I had the opportunity to attend a three-day conference hosted by the National Restaurant Association for financial officers and tax executives in San Antonio, Texas. The first day of the conference focused on the restaurant industries trends and showed us how to have constructive engagement through awareness windows to become better leaders. The… Read More