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Forms W-2 and 1099-MISC Due Dates and Compliance Requirements
Forms W-2 are due to employees and Forms 1099-MISC are due to independent contractors by January 31, 2019. The due date for filing 2018 Forms W-2 with the Social Security Administration (SSA) is January 31, 2019, regardless of whether you file using paper forms or electronically. An extension of time to file Form W-2 with the…
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Forms W-2 and 1099-MISC Due Dates and Compliance Requirements
Forms W-2 are due to employees and Forms 1099-MISC are due to independent contractors by January 31, 2019. The due date for filing 2018 Forms W-2 with the Social Security Administration (SSA) is January 31, 2019, regardless of whether you file using paper forms or electronically. An extension of time to file Form W-2 with the…
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Do your long-term customers know everything about you?
A technician at a mobility equipment supplier was servicing the motorized wheelchair of a long-time customer and noticed it was a brand-new model. “Where did you buy the chair?” he asked the customer. “At the health care supply store on the other side of town,” the customer replied. The technician paused and then asked, “Well,…
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2018 – 12/17 – 6 last-minute tax moves for your business
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax moves business owners should consider: 1) Postpone invoices. 2) Prepay expenses. 3) Buy equipment. 4) Use credit cards. 5) Contribute to retirement plans. 6) Qualify for the new…
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2018 – 12/20
Will the federal government shut down after Friday 12/21? Late on 12/19, the U.S. Senate passed a short-term continuing resolution (CR) that would avert a shutdown. The House is expected to take up the bill on Thursday, 12/20, and if passed it will go to President Trump for his signature. This would provide funding through…
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Year-end tax and financial to-do list for individuals
With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by December 31 to use up these funds or…
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2018 – 11/23 – $25 went a long way in 1962. Now, not so much.
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5 delegation best practices for nonprofit leaders
Done well, delegation allows not-for-profit executives to focus on their most important tasks, helps to build bench strength and gets staffers out of the office before midnight. But done poorly, it can create more burdens than it eases. Here are five practices all nonprofit leaders should adopt. 1. Choose tasks wisely Always try to devote…
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2018 – 11/07 – Taking the hybrid approach to cloud computing
Many businesses struggle to decide whether to use a public cloud computing solution or invest in a private cloud. Why not both? Under the hybrid approach, a company sets up an infrastructure that uses a public cloud for accessing apps and storing less sensitive data while relying on one or more private clouds to store…
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Change management doesn’t have to be scary
Business owners are constantly bombarded with terminology and buzzwords. Although you probably feel a need to keep up with the latest trends, you also may find that many of these ideas induce more anxiety than relief. One example is change management. This term is used to describe the philosophies and processes an organization uses to…
