by Leif Jensen | Jan 29, 2025 | Running a Business |
Flirting and sexual harassment are distinct behaviors with key differences: Consent and Reciprocation The primary distinction is consent and reciprocation. Flirting is generally welcome and mutual, with both parties enjoying the interaction. In contrast, sexual...
by Leif Jensen | Jan 27, 2025 | Running a Business |
S-corporation owners who own more than 2% of the company’s stock can deduct their health insurance premiums, but the process differs from how regular employees receive this tax-free benefit. To qualify for the health insurance deduction, S-corp owners must...
by Leif Jensen | Nov 6, 2024 | Running a Business |
We have had some companies come to us to discuss what to do with their HR function. SO we went to look for some guidance for them, here is what we found. Outsourcing HR and payroll functions can offer both advantages and disadvantages for businesses. Careful analysis...
by Leif Jensen | Oct 23, 2024 | Running a Business |
Pay Yourself a Reasonable Salary: As an S Corp shareholder, pay yourself a reasonable salary to minimize payroll taxes and take advantage of lower tax rates on distributions. The IRS requires that salaries be reasonable for the services provided to the company. ...
by Leif Jensen | Sep 30, 2024 | Running a Business |
A written information security program, known as a WISP, is the foundation of an effective information governance strategy. By outlining policies and procedures, a WISP can help organizations mitigate the risks of cyberattacks and inadvertent data breaches....
by Leif Jensen | Aug 12, 2024 | Running a Business |
Business owners need to get Independent contractors to complete Form W-9 for several important purposes: Providing tax information to clients: The W-9 allows contractors to provide their legal name, address, and taxpayer identification number (TIN) to the companies...
