7 Tips for Building Business Credit
Building credit for a small business is difficult, especially if you do not want to post a personal guarantee. It is possible, though, if the following guidelines are followed: Get in touch with Melo USA PC for more ideas to help in all aspects of your business.
New Form I-9 To Be Released
The U.S. Citizenship and Immigration Services released the following statement on July 21, 2023: On Aug. 1, 2023, U.S. Citizenship and Immigration Services will publish a revised version of Form I-9, Employment Eligibility Verification (PDF, 899.28 KB). Among the improvements to the form is a checkbox employers enrolled in E-Verify can use to indicate they remotely examined […]
What To Expect From Your 401(k) Audit
If you offer a 401(k) plan to your employees, the first thing you must figure out is whether it needs an independent audit. If you have 100 or more eligible employees at the start of the plan year, you need an audit. The essential word is “eligible.” So you have to include in your total […]
When You Might Be Contacted by the IRS
The IRS reaches out in multiple ways. Most IRS contacts will come through regular mail delivered by the USPS. When might the IRS initiate direct contact with you? What are the limited circumstances that prompt the IRS to come to your home or business? Doing so will be part of a collection investigation, an audit or an […]
IRS Makes Rare Midyear Mileage Rate Adjustment
The IRS has announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. For the final half of 2022, the standard mileage rate for business travel […]
Taxes and the Small Business Retirement Plan
The tax year is drawing to a close, which means it’s time for proactive business owners to think about moving liquid assets to tax-favored applications. What does that have to do with retirement? Funding retirement plans in 2021 may lower the amount of tax you will have to pay on April 15, 2022, but there […]
