Entrepreneurs often shrug off the idea of obtaining an employee identification number, or EIN, believing that their small business really doesn’t need one. Though there are some cases where a solo business can get away with merely utilizing the business owner’s Social Security Number, doing so is not necessarily the best idea, even if you…
With the advent of online sites such as Airbnb, VRBO, and HomeAway, many individuals have taken to renting out their first or second home through these online rental sites, which match property owners with prospective renters. If you are doing that or are planning to do so, there some special tax rules you need to…
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Taxpayers are required to pre-pay their taxes for any tax year through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through withholding, and self-employed individuals and those with investment income by paying quarterly estimated payments. The late-2017 passage of tax reform that became effective for 2018…
Indianapolis-based BGBC Partners is delighted to announce that Katie Krisch has earned her Certified Public Account (CPA) license. Katie joined the firm in September 2015 after graduating from Saint Joseph’s College. She was promoted to Senior Staff in 2018.
You know the old line about the inevitability of death and taxes? It’s still true. What isn’t inevitable, however, is the need to pay penalties to the IRS. It happens, but it doesn’t have to, and the main reason that it does is because taxpayers don’t educate themselves about the rules. When you get hit…
January 31, 2019. Individuals. File your income tax return (Form 1040) for 2018 if you didn’t pay your last installment of estimated tax by Jan. 15. Filing your return now prevents any penalty for late payment of the last installment. January 31, 2019. Employers. Give your employees their copies of Form W-2 for 2018. File…
Indianapolis-based BGBC Partners is pleased to announce that David Richardt has been named one of Ball State University Alumni’s 2019 “3 Under 30”. Each year, members of the University’s Department Advisory Council selects three graduates age 30 or younger who have positions of responsibility and demonstrate career success. David is a Senior Manager in the…
As they do at the beginning of every year, employers will be requesting employees to complete the IRS Form W-4. Its purpose is to provide employers with the information they need to determine the amount of federal income taxes to withhold from an employee’s paycheck. So, it is very important that the form be completed…
A new year is nothing if not a new opportunity – and one that it would be an absolute shame not to take full advantage of. Every January, people make countless New Year’s resolutions. Some want to lose weight; others want to become more productive. One of the most common, however, involves boosting your savings…
