by the Storen Team | Mar 19, 2020 | Businesses, Resources for Businesses, Taxes
News about the coronavirus (or COVID-19) is affecting nearly every aspect of our lives. The federal government is also providing information to taxpayers in a special section of their website. Because of the health crisis, the IRS compiled a list of online resources...
by the Storen Team | Feb 20, 2020 | Businesses, Resources for Businesses
As an employer you have many items on your plate and if you offer a 401k plan to your employees here is one that could be overlooked. The Department of Labor regulations state that at a minimum the 401k plan that you offer needs to be Benchmarked once every three...
by the Storen Team | Feb 18, 2020 | Businesses, QuickBooks, Resources
In the past six months, Intuit, the maker of QuickBooks, rolled out several new features for their online users. Here are three time-saving features: 1) Receipt Capture is a great documentation feature. According to QuickBooks: Nothing says “tax time” like a...
by the Storen Team | Jan 20, 2020 | Businesses, Resources for Businesses, Retirement
Happy New Year, I am excited about the future and look forward to all that the year can offer. The first quarter is often the time that we all have our personal finances at the top of mind. With new employer benefits taking effect for the year, as well as preparing...
by the Storen Team | Jan 15, 2020 | Businesses, Resources for Businesses, Taxes
We want to bring to your attention new compliance requirements from the IRS for S-Corporation shareholders. The IRS will now begin to audit shareholder basis statements. In 2020, they will begin to send audit letters to all shareholders who do not attach a basis...
by the Storen Team | Dec 10, 2019 | Businesses, Resources for Businesses, Retirement
In your business you wear many hats and managing your company’s retirement plan can be stressful and time consuming. However, as a fiduciary it is your responsibility to make sure the plan has the right mix of investments as well as ensuring the participants...
