Something you don’t ever want to say is “I wish we were more prepared”, especially when it comes to your business. Keeping an up-to-date disaster recovery plan can be the key to a fast and successful rebound. Here are some…
While the reporting deadline for unclaimed property varies by state, many have a November 1 deadline. Nothing to worry about yet, right? Think again. You should be taking steps soon, but first, let's take a step back for a quick…
When one door closes, another opens. The COVID-19 pandemic has forced many small businesses to permanently shutter. But it has also provided new opportunities, especially for gig economy workers and other sole proprietors who were laid off or furloughed during…
Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for future years. Consider these ideas before you file last year's return. Claim 100% First-Year Bonus Depreciation —…
After a natural disaster, many business owners analyze their operations to find ways to safeguard their business. An aspect that may be overlooked, yet is vital for employees, is maintaining the regularly scheduled payroll. Utilizing electronic payment methods to process…
Fraudulent unemployment claims have been widespread and now there is another complication to the ongoing saga for Kansas employers. The Kansas Department of Labor (KDOL) recently sent 1099-G forms in the mail for those receiving unemployment claims last year (click…
The Cybersecurity and Infrastructure Security Agency (CISA) recently announced a new focused, coordinated and sustained effort to encourage public and private sector organizations to implement best practices, tools and resources that can help them mitigate ransomware attacks. Ransomware is increasingly…
When working with business owners, we sometimes see a significant amount of cash held in the business checking account or some type of interest-bearing account. This may be for many reasons, but often it’s because they like having an abundance…
If you file 1099 Forms for your business, you’ll need to know about recent changes to both the Forms 1099- NEC and Forms 1099-MISC What’s New for Form 1099-NEC The most important change that you need to be aware of…
From an employer perspective, using independent contractors provides greater flexibility in managing variable demands for particular services. And, frequently, those services can be obtained more economically because independent contractors don't receive employee benefits, nor are the companies that use them…