If you find yourself short-staffed, there's no harm in calling a former employee who has retired. You won't jeopardize your pension plan's tax status if you rehire retirees. Nor is it a problem if you permit distributions of retirement benefits to employees who hit...
IRS
Here’s what businesses need to know about the enhanced business meal deduction
The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction. For 2021 and 2022 only, businesses can generally deduct the...
Tax Tip 2022-76: School is out for the summer, but tax planning is year-round
Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than tax planning. However, summer is a great time to review withholding and see if summer plans will affect next year’s tax return. Below are some common...