IRS Summerizes “Dirty Dozen” List of Tax Scams for 2017

IRS Summerizes “Dirty Dozen” List of Tax Scams for 2017

The Internal Revenue Service has published a summarized “Dirty Dozen” list of tax scams.  The list highlights the various tax scams taxpayers may encounter throughout the year, but especially now during tax season.  The IRS is working hard to protect...
Federal Judge Blocks New OT Protection Rule

Federal Judge Blocks New OT Protection Rule

A federal judge has delayed implementation of a new U.S. Department of Labor rule to expand overtime protections to millions of workers.  U.S. District Judge Amos Mazzant of the Eastern District of Texas deciced Tuesday that a rule put forward under the Obama...
What is Key Person Insurance?

What is Key Person Insurance?

Ever wonder what is Key Person/Key Man (as it is sometimes called) insurance and why lenders often require it?  Essentially key insurance is a life insurance policy on the key person involved in the business, in most cases it is the business owner.   If you the...
Don’t Wait for a Disaster to Strike to Make a Plan!

Don’t Wait for a Disaster to Strike to Make a Plan!

  Don’t wait for a disaster to strike to make a plan.  In conjunction with National Preparedness Month the U.S. Small Business Administration (SBA) and Agility Recovery have put together a series of free webinars that will help you develop a recovery plan,...
DOL Publishes New Guidance for State IRAs in Workplace

DOL Publishes New Guidance for State IRAs in Workplace

The U.S. Department of Labor on Thursday published a final rule that assists states in creating individual retirement account (IRA) programs for workers without access to such workplace perks and Connecticut is pleased to see it, the state’s comptroller said....
5 Business Entity Mistakes That Could Increase Your Legal Risk

5 Business Entity Mistakes That Could Increase Your Legal Risk

You’ve worked hard to build your business and now it’s growing—you have more employees and more customers. That also means you likely have a growing tax burden and more legal risk.  Have you planned accordingly for the structure of your business? The right business...
This Video Pro Went From Hobbyist to Business Owner

This Video Pro Went From Hobbyist to Business Owner

Irwin Myers is a prime example of how a hobby can turn into a business. In fact, he started his video production, Video One Productions by accident. Going from comedic videos to professional recordings, Mr. Myers quickly realized he was comfortable behind the camera,...