AKDiscussions

Offices Closed Today 04.16.19

Our offices will be closed today so our staff can take a breather after a very long tax filing season. We will resume normal office hours starting tomorrow. Thank you to all our clients, family and friends for their support during this time of year.

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New Health Insurance Responsibility Disclosure (HIRD) Form for MA Employers 11.07.18

Massachusetts Employers face new requirements for filing the HIRD Form. In order to avoid penalties HIRD forms must be filed by 11/30/2018. Please read the following Frequently Asked Questions provided by the Massachusetts Department of Revenue to see if you are required to file as an employer: HIRD-FAQ/

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New I-9 Form Released July 17 07.19.17

This is from ADP Payroll Service: The U.S. Citizenship and Immigration Services (USCIS) has released a revised version of the Form I-9 (Employment Eligibility Verification). Employers must begin using the new version by September 18, 2017. Background: The Form I-9 is used to verify a new hire’s identity and work authorization. All employers must ensure […]

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Boston Bruins 2 IRS 0. Bruins shutout IRS. 06.28.17

Taxable Talk From Russ Fox, E.A., of Clayton Financial and Tax of Las Vegas, Nevada. All of the items below are for information only and are not meant as tax advice. Please consult your own tax advisor to see how each item impacts your own situation. Boston Bruins 2, IRS 0 June 26th, 2017 The […]

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Employee or Independent Contractor? 01.05.17

As a small business owner you may hire people as independent contractors or as employees. There are rules that will help you determine how to classify the people you hire. This will affect how much you pay in taxes, whether you need to withhold from your workers paychecks and what tax documents you need to […]

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How C-Corporations, LLCs and LLPs Protect Personal Assets 10.07.16

In the above chart you can see that the business owner creates the business entity and transfers business property to the entity. The Business Entity owns the business property. Creditors can only reach business assets. * In many states, owners of an LLP have only a reduced form of limited liability from the claims of […]

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Record Keeping for Your Own Business 09.16.16

Keeping good business records will not only help you stay in business but may also help you increase profits. Your business records let you analyze where your business is and where it’s going. They point out potential trouble spots and serve as a guide to where you want your business to be. Your ideal office […]

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Choosing An Entity For Your Business 09.01.16

What is an entity? To start a business, you must first decide what form your business will take–in other words, you must choose an entity. You, the business owner, create the entity. You give the entity its existence and its name. It may live independently of you. It may sue or be sued. It may […]

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Retirement Planning Options for Business Owners 07.29.16

In general Perhaps you are self-employed or own a small business. Or, you may be directly involved in running a corporation or a tax-exempt organization. In any of these cases, you generally have the option of establishing a retirement plan in which you and/or your employees may participate. One of the main advantages of a […]

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New MA Earned Sick Time Information 06.18.15

If you have employees or if you are an employee in Massachusetts below are the highlights of this new law: 1.      This law goes into effect July 1st 2015 2.      Employers must post the law so employees can see it 3.      Employers must track and share sick time for each employee. We suggest you utilize […]

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