AKDiscussions

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 […]

Read More

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 […]

Read More

Praxis Growth Advisors, Inc. Named Rookie of the Year by Sandler Training 03.17.15

PRESS RELEASE Boston Area Franchise Wins International Award Praxis Growth Advisors, Inc. Named Rookie of the Year by Sandler Training  Norwell, MA – Sandler Training, the world’s leading sales and management training franchise, is pleased to announce that Eric Warner, owner of Praxis Growth Advisors, Inc. (PGA) of Norwell, MA, was named Sandler’s Global Rookie […]

Read More

Senate extends ‘temporary’ tax breaks for 2014 – President Obama expected to sign bill 12.17.14

NEW YORK (CNNMoney) —Well, finally.  Congress on Tuesday night extended dozens of expired “temporary” tax breaks for 2014. It took the Senate, by a 76 to 16 vote, until the week after Congress was supposed to adjourn to pass the bill, which the House had already approved. The bill will now be sent to President […]

Read More

WHITE PAPER: Independent Contractor Misclassification Update 2012 – How Companies Can Minimize the Risks 11.24.14

This White Paper is a 2012 update to the 2010 White Paper of the same title first published by Pepper Hamilton LLP on April 26, 2010. “Misclassification of employees as independent contractors” is now a common phrase uttered by state and federal legislators and regulators. State task forces have been formed to crack down on […]

Read More

New e-file Requirement for Business Entities – FTB CA 11.03.14

Greetings, As a reminder, Assembly Bill 2754 was into law September 19, 2014.  AB 2754 requires that beginning January 1, 2015, for taxable years beginning on or after January 1, 2014, any business entity that files an original or amended tax return prepared using tax preparation software is required to electronically file (e-file) their return […]

Read More

Tax Refund Size Increased This Year By Michael Cohn 10.28.14

The average tax refund in 2014 was $2,696, up 1.5 percent from the average refund of $2,656 in 2013, according to a new report on how well the Internal Revenue Service operated last tax season. The report, from the Treasury Inspector General for Tax Administration, found that the IRS managed to function well this past […]

Read More

401 (k) Contribution Limits Increased For 2015 10.27.14

Chart of Select Limits 401k Plan Limits for Year 2015 2014 2013 2012 2011 2010 2009 401k Elective Deferrals $18,000 $17,500 $17,500 $17,000 $16,500 $16,500 $16,500 Annual Defined Contribution Limit $53,000 $52,000 $51,000 $50,000 $49,000 $49,000 $49,000 Annual Compensation Limit $265,000 $260,000 $255,000 $250,000 $245,000 $245,000 $245,000 Catch-Up Contribution Limit $6,000 $5,500 $5,500 $5,500 $5,500 […]

Read More

Small Business Owners Discuss Concerns Before Election 10.23.14

Interesting Article by SurePayroll: http://blog.surepayroll.com/october-2014-scorecard/

Read More

What You Need to Know About the Tax Amnesty Program 08.22.14

A provision in the FY15 Massachusetts state budget establishes a tax amnesty program for two consecutive months during the 2015 fiscal year for certain tax types. What is this tax amnesty program? When you don’t pay your taxes in full when they are due, interest and a variety of penalties continue to be assessed until […]

Read More