David Reape CPA

Posted in: Articles, Tax Tips

Have Employees Who Receive Tips? Here Are the Tax Implications

Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Tip Definition Tips are optional payments that customers make to employees who perform services. They can be cash or noncash. Cash tips include those received directly from customers, electronically paid tips distributed to […]

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Helen Weeber CPA

Posted in: Articles, Nonprofit

Give Your Organization’s Members a Reason to Renew

When inflation is high, it’s common for people to cut expenses by deciding not to renew subscriptions and memberships. For charities and associations that depend on membership fees, this trend can be distressing — if not catastrophic. If your not-for-profit’s membership rolls are declining due to non-renewals, you need to address the problem immediately. Here […]

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Cheryl Lanese CPA CCIFP

Posted in: Articles, Manufacturing

Employer-Provided Child Care Credit Helps Manufacturers Help Their Workers

It’s certainly not news to you: There is a severe labor shortage in the manufacturing sector. In fact, according to the National Association of Manufacturers, nearly 2.1 million manufacturing jobs could be open by 2030. One way to attract and retain top talent is to provide an impressive slate of employee benefits. One such benefit […]

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Anthony LaNasa CPA CFE

Posted in: Articles, Fraud

What Business Owners Can Do About Insurance Fraud

According to various sources, around 10% of all insurance claims involve fraud. Insurance companies generally pass along the cost of these fraud losses to policyholders in the form of higher premiums. Unfortunately, small businesses, which are generally less able to pay premium hikes, are particularly vulnerable to insurance fraud. To protect your company from losses […]

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David Reape CPA

Posted in: Current Events, Tax

Many Tax Limits Affecting Businesses Have Increased for 2023

An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business. Social Security Tax The amount of employees’ earnings that are subject to Social Security tax is capped for 2023 […]

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