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Tax Planning: Did You Know?
As we gear up for another tax planning season, here are a few insights on some frequently unknown or misunderstood tax topics.
Top Payroll Mistakes You Could Be Making
Payroll is undoubtedly complex and an administrative burden. The risk of ‘getting it wrong’ comes with a high price. With that in mind, we would like to highlight a few of the most common [and costly] payroll mistakes you could be making with your in-house payroll.
Fairness of Tipped Worker Pay
On June 11, 2021, the U.S. Department of Labor (DOL) issued a new agenda – one key topic included the fairness of tipped worker pay. While the agenda is specifically related to tipped worker pay on federal contracts, this could be an indicator of wider scale changes for all employees.
HORNE Video: Let Me Know
🎬 Let Me Know. Having your “I”s dotted and “T”s crossed is important. But you need more than just compliance. Most business decisions have operational, tax, personal or long-term financial repercussions. HORNE can help.
HORNE Video: Be Proud
🎬 CPAs are awesome! And we should know. HORNE is a professional services firm founded on a cornerstone of public accounting. But HORNE didn’t stop there. We added even more talent & skills to solve our clients’ biggest issues.
HORNE Video: More Than
MORE THAN. We focus on construction, cybersecurity, economic recovery, financial institutions, franchise, healthcare, M&A and public & middle market companies nationwide. We also offer technology & business acceleration services. And yes, we do taxes.
UPDATE: Bonus Depreciation on Qualified Improvement Property
The CARES Act fixed the long-awaited technical correction allowing QIP to be depreciated over 15 years and making it eligible for 100% bonus depreciation.
PPP Forgiveness Taxability: What You Need to Know
Do you have questions about PPP forgiveness taxability? HORNE is here to help. Reach out to HORNE Franchise today.
Tips for QSRs/Fast Casuals to Start the Year Off Right
Here are some tips for QSRs / fast-casual concepts to kick start a successful 2021.
Trump vs. Biden Tax Proposals
One way to manage the economic recovery is through changes to the current tax law. This chart examines the differences between the proposals under current President Donald J. Trump and Democratic nominee Joe Biden.
6 Trends Shaping the “New Normal” of Fitness Organizations
The fitness industry has been greatly impacted by the COVID-19 pandemic, causing leaders of fitness organizations to take extreme and creative measures to weather the storm.
Update: Sales Tax Implications of Third-Party Restaurant Delivery Services
Like many major shifts in how different industries operate, this shift has come with material tax consequences, especially pertaining to sales tax.
What Franchisees Need To Know About ASC 606: Accounting for Loyalty Programs
The goal of ASC 606 is to prevent the overstatement of revenue related to loyalty programs by calculating a deferred liability.
Tips for Managing Your Vendor Master File - Part 2
With a slimmer vendor master, we are ready to take your review to the next level.
Tips for Managing Your Vendor Master File – Part 1
Without strong controls and an established review process, the vendor master file can be easily exploited.
Retaining Employees Through the Pandemic
Worried about retaining employees through the pandemic? Here are some tips to retain your team through the COVID-19 pandemic.
SBA 7(a) Paycheck Protection Program Forgiveness Assistance Information
Applicants that submit complete, supported forgiveness information will receive the maximum loan forgiveness and have their approvals processed quickly.
8 Tips for Restaurants to Weather the Pandemic
While the COVID-19 situation has been a disruptor to many industries, restaurants have the ability to weather this pandemic by adopting a few best practices.
Beware: Phishing Emails Target COVID-19 Small Business Loans
Hackers are using the rush to obtain loan proceeds as an opportunity to take advantage of unsuspecting business owners. You must remain vigilant regarding this and other phishing attempts.
U.S. Chamber Foundation Launches Save Small Business Fund
The U.S. Chamber of Commerce Foundation launched the Save Small Business Fund to provide assistance to small business owners impacted by coronavirus.
COVID-19: HR Guidance and Best Practices
The CDC has issued recommendations to keep your team and spaces safe but where do you turn for HR guidance?
New to Food Delivery? 8 Things You Need to Know
COVID-19 is changing consumer habits. From retail to foodservice, many businesses are now offering delivery for the first time.
Act Now to Benefit from SBA Relief Loan
SBA 7(a) Relief Loans offered under the PPP cover payroll and other specific expenses for small businesses for an eight-week period.
Sales Tax Treatment of Third-Party Restaurant Delivery Services
Use of third-party delivery services such as Waitr, UberEats and Grubhub is becoming prevalent in the restaurant industry. A question facing several restaurant owners is what the tax implications for utilizing such a service are?
New Federal Overtime Rule on the Horizon
The U.S. Department of Labor (DOL) plans to release new proposed overtime rules in early 2019. In March, the house and senate will revisit the annual amount a person must receive to be considered a “salaried” employee.
New Limits for Retirement Plans
The IRS has announced new limits for retirement plans for the coming year. Are you making the most of this tax benefit?
Same Day Pay
Getting paid wages from the same day you work? It may sound like something from the future but it’s already here, and it’s a trend that isn’t going away.
Business Valuation and Small Business Administration Loans
As banks change hands and new owners seek financing, often through Small Business Administration (SBA) loans current SBA Standard Operating Procedures (SOP) require an independent business valuation by a qualified source.
What Tax Reform Means for Franchisees
The most sweeping tax legislation since 1986 was signed into law in December of 2017. Changes in both business and individual taxation will impact most taxpayers in 2018 and beyond creating opportunities to reduce taxes significantly.
