Numerous tax limits affecting businesses have increased for 2022

Numerous tax limits affecting businesses have increased for 2022

  Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to you and your business. Social Security tax The amount of an employee’s earnings that is...
Leading into the headwind of change

Leading into the headwind of change

Did you know that pilots prefer to take off into a headwind? In short, it helps them achieve ‘wheels up’ faster because they don’t have to gain as much ground speed. Change is a headwind in business, and strong leaders don’t just embrace it…they run straight into it...
Taxpayers must report gig economy earnings when filing taxes

Taxpayers must report gig economy earnings when filing taxes

Whether it’s a full-time job or just a side hustle, taxpayers must report gig economy earnings on their tax return. Understanding how gig work can affect taxes may sound complicated but, it doesn’t have to be. The IRS offers several resources to help gig economy...