Blog
What it’s like leading a CPA firm from traditional tax factory to advisory focused firm.
By Julie Smith and Ryan Conn In a recent meeting of the minds, we had an opportunity to reflect on a pivotal journey that both of us have lived and led. A journey that is prevalent in the public accounting profession today for leaders of hundreds (even thousands) of...
Building External and Internal Teams For Your Business
Episode Transcription 00:00:00 - Glenn Hello everyone. Welcome to another edition of Empowering Entrepreneurs Podcast. I'm Glenn Harper. 00:00:04 - Julie Julie Smith. 00:00:05 - Glenn What's up, Julie? How are things going on that side of the table? 00:00:07 - Julie...
Work Opportunity Tax Credit provides help to employers
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available to employers that hire workers from targeted groups who face significant barriers to...
2022 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...
Inflation Reduction Act – Individual and Small Business Credits
The Inflation Reduction Act has been in the news a lot lately, but what does it actually mean for you individually and as a small business owner? Here is a breakdown of what you need to know. Nonbusiness Energy Property Credits You can get an annual credit of...
How to avoid the early withdrawal tax penalty on IRA distributions
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money. Important: Once you reach a certain...
Dave Lukas from Misfit Entrepreneur Podcast
Episode Transcription 00:00:00 - Glenn Hello, everybody. Welcome to another edition of The Empowering Entrepreneurs, The Harper Company Plus Way. I'm Glenn Harper with my co-host. 00:00:07 - Julie Julie Smith. 00:00:07 - Glenn Hey, Julie, what's up? 00:00:09 - Julie...
Has your team bought into your company culture?
By Julie Smith and Will Hill This was the question we found ourselves discussing recently. It’s a challenging question that begins with…what do you think your firm culture is? Can you describe it? And, how do you actually know if you have a positive culture? According...
Year-end tax planning ideas for your small business
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely produce the...
Clean Vehicle Credit comes with caveats
The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate change. One of the provisions receiving considerable attention from consumers is the expansion of the Qualified Plug-in Electric Drive Motor...
Self-employed? Build a nest egg with a solo 401(k) plan
Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan? Consider a solo 401(k) if you have healthy self-employment income and want to...
Putting your child on payroll – W-2 or 1099?
We get this question a lot. It’s not uncommon for business owners to hire one (or more) of their children. The key question is, what is the best way to pay them? There are two options. Your child can either be an employee or a contractor. Employees will receive a W-2...
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Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account