It is said that living by the Golden Rule – treating others as you would like to be treated – pays dividends. Can this be true in a small business work environment, too? Business owners are increasingly finding that treating employees well can boost profits. Creating a contented workforce is simply a matter of maintaining your most precious business asset....
Tags: happy employees
Category: Taxes
In this economy, it is important that companies are cost conscious and squeeze the maximum amount of profits from their company. Sometimes this is as simple as switching suppliers, changing how things are done, or possibly changing their form of organization. We help our clients with this by analyzing how they do business, making suggestions for changes and periodically monitoring...
Tags: Profit Leaks
Category: Business
As everyone knows, the cost of higher education rises each year. While many of us are already familiar with 529 plans and education IRAs, many don’t realize that contributions to these plans do not generate any tax deduction for the donor. A technique used by some businesses and self employed individuals is to employ their children in the business. That...
Tags: Education Costs
Category: Taxes
Here is an example of some of what we do for our clients: A while ago, a client came in who the year before owed $110K to the IRS and $8,000 in penalties and was told about this three days before the due date! Now, fortunately, the client had the money, but when the advisor was confronted about the amount...
Tags: tax planning
Category: Taxes
Based on a recent survey, Americans work an average of 117 days to pay their taxes. Since this is an average, there are taxpayers who fall above and below the average. The question is, which one are you? At Rodrigues and Company, we help our clients meet their financial goals by helping them manage their financial situation and tax return...
Tags: tax planning
Category: Taxes
The IRS has some advice for taxpayers who missed the tax filing deadline: • File as soon as possible. If you owe federal income tax, you should file and pay as soon as you can to minimize any penalty and interest charges. There is no penalty for filing a late return if you are due a refund. • Penalties and...
Tags: IRS late filinglate filing
Category: Taxes
We have recently posted a job opening for a staff accountant with LinkedIn. The position requires at least 1-3 years recent public accounting experience. Computer software experience required and CPA candidate of CPA preferred. Must also have current experience in tax preparation and not for profit auditing. We are one of the premier accounting firms in the South Coast Massachusetts...
Tags: Job opening
Category: AccountingBusinessTaxes
Challenges that merely annoy an established firm often capsize a start-up company. This is especially true in the area of staffing. When a big corporation makes a hiring mistake – bringing in a natural-born accountant to do a sales job, for example – the company suffers, but survives. Committed by a fledgling firm, the same mistake may spell disaster. After...
Tags: Hiring Mistakes
Category: Business
Surveys are showing that having more than one generation living under the same roof is becoming increasingly common. And that trend may be affecting home design. A third of homeowners report that they expect to have grown children or aging parents move in with them at some point. About 15% say an adult child has already moved back home with...
Tags: Home Building Trends
The IRS has published depreciation limits for business vehicles first placed in service this year. The limits for passenger autos remain the same as the 2012 limits, but limits for light trucks and vans have some changes. Because 50% bonus depreciation is allowed only for new vehicles, the limits are different for new and used vehicles. Here’s a quick review....
Tags: Business vehicles new limits
Category: Taxes