by Jeanine Hemingway CPA | Mar 7, 2018 | Announcements, Education, Important Dates, Tax Blog
March 7, 2018 – Our tax code is massive, complex, and constantly evolving. Understanding the tax system seems daunting, but is essential for individuals and especially for every business owner. Many decisions we make have tax consequences that can affect our... by Jeanine Hemingway CPA | Feb 4, 2018 | Announcements, Business, Education, Tax Blog
February 4, 2018 – The monumental new tax law has been hailed as a big win for businesses. For starters, the bill lowers the corporate tax rate to a flat 21% on all profits. Businesses can expect many changes this year. Here’s a highlight of some of the... by Jeanine Hemingway CPA | Dec 20, 2012 | Announcements, Business, Education, Tax Blog
Sometimes to keep your cash flow moving, you may need to loan your Company money. This is perfectly legitimate, but make sure there is a written promissory note, with some reasonable interest rate, and some reasonable payment schedule. I would recommend 1+prime... by Jeanine Hemingway CPA | Aug 22, 2012 | Announcements, Business, Education, Tax Blog
If you reimburse employees for mileage, educational classes or other business expenses, you need to have a policy called an Accountable Plan. If you do not have one, the IRS can re-classify all these reimbursements as taxable income. This does not need to...