Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA Personal Solar Property Credit  §25D For property placed in service after 2005 and before 2017, §25D provided a personal tax credit for the purchase of qualified solar electric property, qualified solar water heating property, fuel cell plants (up to $500 for each one-half kilowatt of electric capacity), […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA Learning credits are essential to you, read about: Hope and Lifetime Learning Credits §25A Lifetime Learning Credit, §25A(a)(1) In 2018, the maximum amount of Lifetime Learning credit you can claim is $2,000 (i.e., 20% of the first $10,000 of qualified education expenses) per taxpayer return (§25A(c)(1)). The […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA Child Tax Credit §24 Under §24, an individual may claim a tax credit for each qualifying child under the age of 17. A child who is not a citizen, national, or resident of the United States cannot be a qualifying child. The amount of the credit per […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA Since 2012, the size of the regular income tax rate brackets for a married couple filing a joint return are generally twice the regular income tax rate brackets for an unmarried individual filing a single return. Note: The marriage penalty relief for the standard Deduction, the various […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA Business is about numbers, says the people that are in the industry for some time. HR professionals know that business is done by humans that make the numbers, What you can do with a warehouse full of goods if you have no excellent team of salespersons? Or […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA Self-employed people or independent contractors usually do you make a paycheck to themselves but report their income using 1099 they received for the contracted work they had during the tax year. An often doesn’t receive a paycheck. Instead, their tax report all income based on 1099s received […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA When starting a new business, many costs are incurred before the business begins operating. These costs can generally be classified in one of three categories: Organization Costs   Organization costs are incurred in creating an entity such as a corporation or a partnership. Organization costs include the […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA Forming a corporation involves a transfer of money, property, or both by prospective shareholders in exchange for capital stock in the corporation. However, §351 provides that transferors (i.e., potential shareholders) don’t have to realize any gain or loss in such a transaction. Basic Requirements For §351 to […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA There are two primary considerations in deciding whether or not to incorporate, limited liability and tax benefits. With few exceptions, tax benefits will emerge as the most important aspect of the decision to incorporate. The tax structure of the corporation, as well as the effective use of […]

Presented by Paystrubmakr.com      By John Wolf and Tom Collen CPA When starting a new business, many costs are incurred before the company begins operating. These costs can generally be classified in one of three categories: Organization Costs Organization costs are incurred in creating an entity such as a corporation or a partnership. Organization costs include the costs […]

Presented by Paystrubmakr.com      By John Wolf New small businesses are opened every day, about 500,000 every month. They are open in every industry you can imagine. Some are online eCommerce like this same website, paystubmakr.com. There are break-and-mortar small stores that sell anything you can that you may need. Naturally, competition is high. Many small businesses […]

Presented by Paystrubmakr.com      By John Wolf     What are Human resources Human resources are all the people that work in an organization. It may be a workshop or a corporate giant or any governmental office. The unit that manages human resources is called the Human resources department or in short Human resources, mostly marked as HR. There […]

  Presented by Paystrubmakr.com      By John Wolf     HR manager? Here is How To Measure Your Workforce Key Performance Indicators If you are an HR professional, you may know what are the Key Performance Indicators (KPI), if you are a manager you may not see the term buy know very well that some employees have a better performance than others. […]

Presented by Paystrubmakr.com      By John Wolf     The most common HR tools for selecting new employees are Personal Résumé or Curriculum Vitae and one job interview. If you use only these two for your recruiting and screening methods of candidates for your vacant jobs, you are missing more ways that will help you to hire better applicants.  Learn how to […]

Presented by Paystrubmakr.com      By John Wolf     How to know your workforce performance Before providing feedback, you need to have the tool or the capacity to manage performance. Let us read and understand the basics of performance management. It is common to see that people are using this term instead of the traditional appraisal system. We are […]

Presented by Paystrubmakr.com      By John Wolf     Do we fall into no base optimism? Most of the population is influenced by optimism bias.  You may say that the people are suffering from having a positive view of the future with no solid base to do so. A question can arise about the use of the definition as […]

Presented by Paystrubmakr.com      By John Wolf     Hire the right people for the right post You started a small business, did the right things, and made it grow, and now you are busily maintaining its operation on the best level you can. You are reaching the limits of being one person band and need help in some […]

Presented by Paystrubmakr.com     By John Wolf     Small business owners need to manage the finance of their company in a professional way. Business is about money, you made it with cash, and you are looking for gaining more money. Your investment can be made of your capital or loans and investor’s wealth. Money buys your business assets, […]

Presented by Paystrubmakr.com     By John Wolf     Time is an irretrievable asset. Life moves to its end with no option of changing its flow. Time is what takes to do anything, and your small business is a time-consuming adventure. It takes time to plan a new business and time to build it and let it grow into a […]

Presented by Paystrubmakr.com     By John Wolf    Are you going to start your small business? Here are some tools that we recommend. We know how hard it to start a new business and how hard it is to run a small business. You may be confused by the multiple choices of tools for the small business that is […]