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Hosting an employee holiday party that is festive, frugal and free of stress
December 2, 2019
Hosting a holiday party for your staff is one of the best ways to show them you care—while also creating some meaningful, team-driven memories. Follow our tips below for hosting a memorable soiree that doesn’t push your stress or your budget past your limit.
Thinking about retiring? Here’s an easy 5-step calculation to see where you stand.
November 15, 2019
If you have retirement on your mind, the big question is this: Are you in a financial position to do so? While nothing replaces the advice of a seasoned advisor, you can take your first step to answering this question by applying a simple 5-step calculation.
Enjoy the deals without the Black Friday rush this year
November 8, 2019
If you’re not a fan of Black Friday chaos—you know…the crowds, the rush, the relentless search for a parking space—then ditch the onsite shopping this year while still enjoying the sweet deals.
What you need to know about the new overtime rule
November 1, 2019
The Department of Labor (DOL) announced a final rule that allows a much larger pool of employees to earn overtime if they work more than 40 hours per week. Specifically, the DOL raised the salary level for employees who are counted as “exempt” (or unable to earn overtime pay).
Launching another business? Be sure to cover a few business basics…
October 15, 2019
If you’re starting a second business, then you know everything that’s involved with a business launch. However, there are a few business basics that every entrepreneur should revisit before diving into another enterprise. Consider these business basics and then put them into a well-thought-out business plan:
3 cybersecurity tips to protect your small business
October 1, 2019
The 2019 small and midsized business (SMB) Cyberthreat Study from Keeper Security reported that nearly two out of three SMB owners do not feel threatened by or are not concerned about cyber attacks. Yet, in the previous year’s study, two out of three business owners reported falling victim to some level of data breach.
De-stress your workday!
September 16, 2019
We can all get caught up in the day…meetings, calls, texts, emails and the myriad of other workday demands that pile up quickly and can create unwanted stress.
About to get grillin' for Labor Day? Mind a few of our safety tips first.
August 29, 2019
Labor Day is upon us—a popular holiday that is dedicated to the millions of women and men who keep this country going strong. For many, it also means that it’s time to break out the grill for that big end-of-summer celebration. And because most of us aren’t Grill Masters, this is a good time for a refresh on some basic grilling safety tips to keep everyone safe and the party going.
Back to school on a budget: 4 solid tips to save you money
August 19, 2019
Let’s face it. Kids aren’t cheap, so you have to save money where you can. Back-to-school shopping is a good place to start because costs can add up quickly—especially if you have more than one child. Consider these tips for sending your kids back to school without breaking the bank.
$700 million is what Equifax will pay out as a result of its data breach. Make sure you get your share.
August 6, 2019
According to the commission's online claims process, those whose personal information was exposed can opt for 10 years of free credit monitoring, which breaks down as follows: Four years via the three major credit bureaus (Equifax, Experian and TransUnion) and six years specifically through Equifax.
Deducting kid’s summer camp and daycare costs under the Child and Dependent Care Credit
August 1, 2019
With all the tax law changes this year, be sure that you are getting your just deductions in the coming tax season. That is, qualifying deductions that fall under the Child and Dependent Care Credit. According to tax giant and trusted resource Intuit, here’s the skinny…
Traveling safe: Tips to keep you secure while on the road
July 15, 2019
These days, we seem to have endless articles on IT security while traveling, but far fewer on physical safety. Because summer can be big travel months for many businesses, we put together the following list of tips to help keep you safe while away from home.
Get up, get out and have some cost-effective fun this summer!
July 1, 2019
As your trusted advisor, we are always looking for ways to improve your financial health—and that doesn’t stop at business activity. We also want to support you with tips to help you save money in your personal life as well.
June is National Safety Month! Tips for augmenting your marketing efforts.
June 17, 2019
June is national safety month, and it never hurts to remind your clients and community that safety always comes first. Our goal with this blog is to help you augment your marketing initiatives with a few ideas around safety. While we can’t cover every industry in a single post, we hope that you find the tips below useful and that they spark some innovative new marketing ideas!
Tapping into a 529 plan for the first time? Tips for parents of college-bound grads…
June 3, 2019
It’s graduation season, and for many parents that means it’s almost time to start shelling out for college tuition. For those well-prepared parents with established 529 plans in place, the time has come to tap into that money pool. Of course, when it comes to tax-advantaged savings, trust that the IRS is keeping close watch, so it’s important to avoid making any rookie mistakes. It’s also important to keep saving as you move forward.
Tips for building a company culture that supports remote workers
May 15, 2019
Having a remote workforce can be challenging, especially if you are trying to build a positive, collaborative work environment. So, how do you create a sense of comradery when you have staff in remote locations? These tips can help:
Tax refund on the way? Use it to fortify your financial future.
May 1, 2019
If you are expecting a refund this year, you may be tempted to splurge on something not-so-practical. Before you do, take some time to think about ways to use your refund to bolster your financial health. We’ve put together a few ideas for you to consider:
Take advantage of these Tax Day deals
April 15, 2019
Once your taxes have been filed, first, take a moment to breathe a big sigh of relief…and then enjoy some Tax Day (April 15, 2019) discounts. There’s nothing like a good deal to take the sting out of tax obligations. Below, we’ve compiled a short list of best food and drink deals, taken from offer.com.
It’s spring! Reboot your enthusiasm with these tips…
April 1, 2019
The long stretch from the end of the winter holiday season until the next break in your routine can feel like eternity. If you feel the need to reboot your enthusiasm as the spring season arrives, try these tips:
5 tips to dial down distractions
March 15, 2019
Our most precious commodity is time—and our attention is a close second. That’s why everyone can use some help on how to tune out daily distractions. We compiled the following helpful tips from copyblogger.com to get you started on dialing down distractions:
4 reasons to file your return early
March 1, 2019
The April 15 filing deadline is rapidly approaching, so we encourage you to send us your tax documentation as soon as possible to expedite the filing process. Here are four important reasons why you should file your return sooner rather than later:
A few key tax reform provisions every business owner should know about
February 15, 2019
This tax season is an important one for many business owners because it’s the first that will be impacted by the Tax Cuts and Jobs Act (TCJA). How big of an impact is dependent on your unique situation. We’ve compiled this short list of provisions that may affect the business community:
Ways to skinny down Super Bowl Sunday
February 1, 2019
According to Forbes.com, Super Bowl viewers traditionally load up on millions of pounds of less-than-healthy foods during the big game—including ribs, pulled pork, tortilla chips, nuts, popcorn and bacon—all washed down with beer (the Super Bowl beverage of choice). If you are trying to stick to your New Year’s resolution to eat better, consider a few healthy substitutes for the traditional Super Bowl eats:
On your mark, get set…GO prepare for tax season
January 17, 2019
The combination of running a business and your life and preparing for tax time can drive some people into a slight panic. But no need to get stressed if you are prepared. Now is the time to start organizing all documents required to file your tax return.
5 tips to mitigate paying taxes on Social Security benefits
January 2, 2019
Like the old paraphrased saying goes: In this world, two things are certain—death and taxes. The recent federal tax overhaul changed a lot of rules, so it’s as important as ever to understand your tax obligations, including those on Social Security benefits.
Meet Carolyn Boyd, CPA
December 14, 2018
The Barwick CPA team is made up of many dedicated and talented individuals. In our Employee Spotlight series, you'll meet some of these people, learn what they do (on and off the clock), and find out how they make our firm unique and fun.
New IRS warning: Email scams will surge this holiday season
December 10, 2018
Unfortunately, cyber scammers never take a vacation. In fact, the IRS has issued a warning of a surge in fraudulent emails that bait potential phishing victims with fake tax transcripts. Links within these emails lead recipients to documents containing the well-known malware, Emotet.
Minimize the hustle and bustle and stay on budget this holiday season
December 3, 2018
The holidays can be overwhelming. You only have so many hours in a day, your gift list is long, and your budget may be tight. A bit of up-front planning and prioritizing can help save you time and money. Here are a few ideas to help you minimize the hustle and bustle, stay on budget, and find more peace this holiday season.
Spreading the feeling of gratitude
November 19, 2018
Instilling a thankful frame of mind among your staff makes for a gratifying work place. Consider a few suggestions for developing an atmosphere of thankfulness to get into the spirit of the holiday season.
Ramp up awareness to ‘shop small’ on Small Business Saturday this month
November 12, 2018
Black Friday and Cyber Monday need no introduction, but for small business owners it’s all about Small Business Saturday—an annual holiday shopping tradition that gets communities out in support of their local small businesses. Small Business Saturday falls on November 24 this year, so if you haven’t already…start getting the word out.
Important Update: 1099 Reporting for 2018
November 1, 2018
The Protecting Americans from Tax Hikes (PATH) Act of 2015 requires Forms 1099-MISC reporting non-employee compensation (NEC) in box 7 to be filed by January 31.
Bring in extra traffic with some trick-or-treat action
October 15, 2018
Small business owners in many communities offer downtown trick or treat events. Take advantage of this opportunity to build your business reputation. Involvement in local events goes a long way with both existing and prospective customers—indicating a vested interest in your community. Find creative ways to make your business stand out this trick-or-treat season. We hope the following suggestions will spark fun promotional ideas:
Recognizing Women-Owned Small Businesses Everywhere!
October 1, 2018
October marks Women’s Small Business Month, and we are happy and proud to recognize women in business both locally and around the world. Successful business women of the past and present continue to forge new paths for female entrepreneurs. We celebrate all those who are breaking the glass ceiling and serving as role models and mentors to women everywhere.
Take Advantage of the September Slowdown
September 17, 2018
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.
Reminder: Q3 Tax Estimate is Due Soon!
September 4, 2018
This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?
Dinner, Drinks and Deductions
August 21, 2018
According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.
Back to School on a Budget
August 15, 2018
August is upon us once again. The collective “UGH!” is heard nationwide as families trudge toward the school supplies aisle in preparation for the upcoming academic year. Sadly, the “days-gone-by” supplies such as a box of crayons, spiral-ring notebooks and a pack of #2 pencils have evolved into a much longer list. But never fear, we’ve put together these useful tips to help you do “back to school” on the cheap.
Healthy Summer Eating Made Easy – Part II
August 1, 2018
So popular was the topic of our last post, that we created Part II to create our eating-healthy-this-summer-themed blog series. Enjoy these added nutritional and time-saving tips for summer meal planning.
5 Tips to Eat Healthy While on Vacation this Summer
July 16, 2018
If you are like most, summer is prime time for family and friend vacations. It’s a time to unwind and recharge…to see new places and try new things. For many, “new things” often means food. And if you are trying to maintain or lose weight, that can be a problem. So, for all you travelers trying to stay healthy this summer, here are 5 great tips to help you stay on a healthy eating plan and still enjoy your vacation!
5 Tips to Get Kids Out of Technology and Into Nature this Summer
July 2, 2018
If you are like most families, summer means vacation. And if your kids are like most kids, they tend to be tethered to their technology. Whether planning to travel abroad or a long weekend at a local campground, summer is a time for exploration and simply paying attention to the beauty around us.
Ideas for Multigenerational Family Vacations this Summer
June 18, 2018
Multigenerational family vacations have experienced an uptick in popularity, especially with older generations being more active and families living farther apart. Family getaways certainly bring people together physically, but also emotionally. Dedicated family time is simply good for the soul…even more so when multiple generations take part. With this in mind, we bring you a few ideas and tips to consider when planning your next multigenerational vacation.
Your Smartphone Preparedness Travel Guide
June 4, 2018
For many of us, our smartphone is a vital travel tool. We rely on it for navigating unfamiliar places, taking photos, and identifying recreational activities. Michael Zhao, an editor for TheWirecutter.com, offers the following tips on what to pack in addition to your smartphone—so you won’t be stranded when traveling this summer...or any other time of the year.
Facing the Facts: How to Interpret Facial Expressions at Work
May 15, 2018
You may be completely proficient at decoding emojis on social media and in text messages, but for many of us, figuring out what other people’s facial expressions mean can be quite a challenge. Here’s a quick rundown of how to interpret different facial stances based on research from people-communicating.com:
Summer is Just Around the Corner— And So Are Potential Childcare Tax Credits
May 1, 2018
Summer will be here before you know it! If you are a working parent with school-aged children, you know that it can also mean pretty steep bills for childcare and summer camp. However, you may be able to soften the hit to your family’s budget if these services qualify for the Child and Dependent Care Tax Credit.
Creating Balance Between Your Business and Personal Lives
April 30, 2018
Let’s face it, keeping a grip on who you are as a business professional and as an individual is a daunting task. When you finally take time to relax, recharge and unwind, your mind tends to drift towards your next business move or the items that have yet to be crossed off your daily to-do list. Because we all find ourselves playing the balancing act between roles, here are three tips to help keep you balanced:
Employee Recognition – A Great Way to Motivate Your Staff!
April 18, 2018
Quite often we can get so wrapped up in checking projects off the company’s to-do list that we forget to recognize the labor that went into each accomplishment. Acknowledging milestones provides opportunity to show appreciation to the employees who helped you achieve them...
Receiving a Tax Refund? Spend It Wisely With These Tips!
April 2, 2018
Are you expecting a tax refund? If so, don’t treat your tax refund as ‘bonus’ cash. Rather look at it as simply a return of taxes paid beyond your actual obligation. This will help you think about using this money purposefully. Here are some ideas to try:
Spring Cleaning Time is Here! An Easy 3-Step Checklist for Cleaning Your Office
March 19, 2018
The spring season is here! In addition to taxes, many of us want to take care of some overlooked cleaning tasks. Procrastination often creeps in when it comes to cleaning—especially our offices. It can feel overwhelming and somewhat unproductive to spend time decluttering and cleaning your workspace, but once complete, most people feel a sense of relief and calm. Use this handy checklist...
Disappearing Tax Deductions! Don’t Miss Them on Your 2017 Tax Return
March 5, 2018
Have you filed your 2017 taxes yet? If not, you still have the opportunity to make sure that you lower your tax obligation as much as possible. With new tax laws in effect for 2018 and beyond, the following deductions will disappear after this tax season—check them out to see which ones may help you lower your taxable income...
Meet Carl Turner, Director of Business Operations
March 1, 2018
Carl Turner is the Director of Business Operations at Barwick CPA. He has 20 years of experience in corporate management and studied human services at Liberty University and Southeastern University in Lakeland, Florida. We sat down with Carl to get to know him a little better and asked him hard hitting questions like, "What are the top three highlights of your life?" Here's what he had to say.
Tips to Boost Client Appreciation Efforts… Even When Time is Tight
February 15, 2018
When you are super busy running a business, it can be easy to let customer appreciation slide to the bottom of your long to-do list. The problem is, if you don’t show your customers love on a regular basis, they’re going to feel neglected, which can put their continued loyalty at risk.
Considering Hiring a Cybersecurity Professional? Here’s What to Look For.
February 1, 2018
With the occurrence of cybercrimes affecting businesses increasing daily, many companies are looking for outside expertise to help them mitigate their risks. If your company has never engaged a cybersecurity professional before, you may be unsure of what to look for. The IRS suggests businesses use the following four steps when evaluating and selecting a cybersecurity...
5 Professional New Year’s Resolutions You Should Actually Keep
January 23, 2018
The start of a new year is like a universal pressing of the reset button where we assess what changes/resolutions we’d like to make to improve our lives and careers. Short on ideas? We offer 5 easy resolutions that you can implement today...
Need Help Trying to Make New Habits Stick? Try These Simple Tips…
January 16, 2018
Even if you are not a New Year’s resolution maker, it’s likely that at some point in your life you’ll want to adopt healthier or more productive habits. When you do want to make a change for the better, consider trying the following tips from lifehack.org to increase your chances of making your new good habits stick:
Quick Tips to Help You Tackle Your Taxes with Ease
January 3, 2018
Tax season is approaching quickly. It’s just a few weeks until the IRS officially starts accepting returns, which means now is the perfect time to use the tips below to help you net some last-minute tax-savings and tackle tax season with ease.
5 tips to mitigate paying taxes on Social Security benefits
January 2, 2018
Like the old paraphrased saying goes: In this world, two things are certain—death and taxes. The recent federal tax overhaul changed a lot of rules, so it’s as important as ever to understand your tax obligations, including those on Social Security benefits.
Tips to Help You Truly Enjoy the Most Wonderful—and Overwhelming—Time of the Year
December 18, 2017
It’s amazing how much festive fun can be packed into a few weeks. While the holidays truly can be wonderful, they can also feel overwhelming with too much to do and too many temptations that derail us from enjoying what is truly important. To help you make your holidays feel more fulfilling and less frantic, try these suggestions...
Stockings 101 – stuffers, budget and more!
December 14, 2017
Many of us spend a lot of time putting together a Christmas budget, but rarely factor in the cost of filling the stockings. Beware…before you know it, all the trinkets and random what-nots can really add up, and could have you spending more on the stockings than the gifts. Follow our stocking stuffer tips to stay on budget this year!
Tax Reform Update: A Snapshot of Key Proposals in the GOP Bill
December 4, 2017
On November 16, the House passed a new tax reform bill that moves the GOP closer to bringing the legislation to fruition. Now the Senate is preparing its own tax reform package. If passed, it must be reconciled with the House before any final legislation goes to the White House. Here is a snapshot of some of the key changes proposed in the tax reform bill:
We are moving!
December 1, 2017
We gave away the big announcement in the headline, but we’ll say it again: We’re moving! You may have also seen our email announcing the new location for Barwick CPA, but we’re covering our bases by offering...
Top 3 Tips for Charitable Giving After a Natural Disaster
November 28, 2017
2017 has been a frightful year of natural disaster—from Hurricanes Harvey and Irma to the California wild fires. All of this has left many asking the question: ”What is the best way to help?”
Tips to Simplify Your Thanksgiving Spread
November 14, 2017
With just days to go before Thanksgiving, the clock is ticking down to some of the most memorable meals of the year. However, for many of us, the pressure of preparing a perfect Thanksgiving feast can be overwhelming. If this is true for you, consider these tips to simplify your seasonal spread.
Plan Now and Take Advantage of 2017 Tax Savings
November 1, 2017
The end of the year is often hectic, which is why it’s important to take some time now to reduce your tax bill. Our firm can offer additional strategies to further mitigate your tax burden; however, the following 5 tips are an excellent starting point:
Re-energize and Re-engage Your Employees
October 26, 2017
Every business, from time to time, hits a lull in employee engagement. Whether it’s the proverbial post-holiday doldrums, the tail end of your own busy season, or a case of extreme spring-fever, at times it can be tough to motivate staff and raise energy levels. So, if you are experiencing some employee disconnect, here are a few tips to put the spring back in your team’s step—and boost the productivity of your business.
Simplify Seasonal Staffing with these Smart Strategies
October 16, 2017
Whether your business needs temporary workers to get through the holiday season or you hire short-term help on a regular basis, the process of finding the right candidates can be challenging. Try applying these strategies to make seasonal staffing easier:
5 Tips to Reset Your Stress Response
October 2, 2017
Because stress related to work, family issues and other events is something that affects many of us, it’s important to reset your own stress response to protect your health and productivity. Sharon Melnick, Ph.D., a business psychologist, offers these tips:
Proposed Tax Reform Plan: What Could It Mean for You?
September 29, 2017
Tax reform, one of President Trump’s key legislative agenda items, is moving closer to fruition. Based on the outline of his proposed tax reform package, which he unveiled on September 27, 2017, we’ve compiled this brief overview of the President’s major tax proposals:
Living OFFline: Tips on balancing work and your personal life
September 27, 2017
It’s no surprise that business owners spend a great deal of time on their computers and mobile devices. In today’s technology-driven work world, it’s inevitable. With the ease of connectivity, it’s hard to get away from the office and truly live offline, even for short bursts of time. So much so that our work lives tend to infiltrate our personal lives more and more—creating an unhealthy balance between business and your personal down time.
Impacted by the Equifax Hack? Take These Steps Now!
September 14, 2017
If you were a victim of the recently announced Equifax hack, you need to take action to mitigate any negative impact it may have on your finances and credit. If you’re not sure if you were affected, you can use Equifax’s Potential Impact tool to find out. You will need to input your last name and the last six digits of your social security number to use this tool.
Tips for Maximizing the Value of Your Next Staff Retreat
August 30, 2017
Staff retreats can offer companies a lot of value. They can also be expensive and, unless managed effectively, not particularly productive. Before you plan your next (or first) staff retreat, review the following key factors to help you make the most of...
How to Overcome the Challenges of Balancing Work, Home, Family—and School!
August 28, 2017
Adult students are returning to higher education institutions to earn degrees and professional certifications at a record pace. If you’re one of them, you’re likely to face some unique challenges related to balancing your studies with work, home, and family obligations. Here are some pointers to help you overcome them:
Free Money-Saving Apps for Every College Student
August 15, 2017
There likely aren’t many college students who don’t have a smart phone loaded with helpful apps. However, it is unlikely that any of these apps are dedicated to helping them build their financial fortitude. This is why we created our list below—chock-full of apps designed to make it easier for college students of any age to save money.
Expert Advice to Keep Your Internet-Enabled Devices Safe from Cyber Criminals
August 1, 2017
Did you know that your webcam and even your home or office internet router can be the gateway through which cyber criminals gain access to your most sensitive data? If not, don’t panic—we have helpful tips below from the experts at the National Cyber Security Alliance to ensure that you head off this type of malicious action.
Tips to Improve Cash Flow for Your General Contracting Business
July 26, 2017
Cash flow is the lifeblood of any business. And it’s especially vital for general contracting businesses that require financial flexibility for purchasing materials, meeting payroll and paying subcontractors. Also consider that GCs must have cash liquidity in order to receive financing from creditors.
Be Alert and Aware: Tax Scammers Don’t Take a Summer Vacation
July 13, 2017
The IRS has identified several new variations of standard tax scams involving fake tax bills and demands for payments. Many of these scams involve purchasing and transferring information using a gift card or iTunes card. Other scams to be aware of include:
Tips for Implementing a Successful Flex-time Schedule this Summer
June 29, 2017
Now that summer/vacation season is here, your business may be enjoying a more relaxed vibe with employees taking time off or leaving early. If you’ve ever thought about implementing a flexible work program, now may be the time to pilot one, especially if your business is a bit slower this time of year. To help, we offer the following tips...
Want to Work Smarter? Timing is Everything!
June 22, 2017
We all want to work smarter, not harder—all while getting the results we desire. For many tasks, however, it’s not just how you perform them, but when—and timing can make all the difference in terms of success.
Four Money-Saving Mid-Year Financial Planning Tips
June 15, 2017
It’s almost exactly the mid-point of the year, which makes it prime time for a mid-year financial review. If you need some monetary motivation for evaluating your financial progress so far this year, you may want to think of mid-year planning as a series of potential money-saving opportunities, for example:
How to Protect Your Business from the Next “Wanna Cry” Attack
June 1, 2017
The recent “Wanna Cry” ransomware attack that paralyzed several large organizations in the U.S. and Europe is a solemn reminder that the risk of cyber security breaches is real. Every business owner should take steps...
Key Questions to Ask Prior to Opening Your Own Physical Therapy Practice
May 24, 2017
For many physical therapists, the dream of opening their own practice is exciting and can offer tremendous personal and monetary rewards. However, it also requires a significant financial commitment and business acumen.
Tips to Help You Stem the Flow of Potential Risks This Flood Season
May 16, 2017
Whether from heavy rains or hurricanes, this time of year can bring with it the risk of floods across many parts of the United States. While you may not be able to predict the likelihood of a flood in your area, with these tips you can help to mitigate physical and financial damage if a flood occurs where you live.
- Treat structural damage seriously. In any...
How to Really “Clean Up” at Your Next Yard Sale
May 4, 2017
This time of year is when you often see yard sale signs popping up. For some, holding a yard sale is a means of clearing out unwanted items. For others, it’s an opportunity to get some great “finds.” Whichever side of the yard sale fence you’re on, these tips can help you “clean up”:
Choose your timing carefully. Research continues...
Know the True Value of Your General Contracting, HVAC or Plumbing Business
April 27, 2017
If you own a general contracting, HVAC or plumbing business, it’s important to know its true value, not only when you are looking to sell your business, but as part of your overall financial management of it. The following are some of the important reasons to know what your business is worth at any given time.
Take Your Spring Cleaning to the Office with These Tips
April 19, 2017
Window washing, carpet cleaning, garden grooming—these are all popular spring cleaning chores for homeowners. However, with year-end and tax season behind you, this time of year is also perfect for spring cleaning at the office. These tips will help you and your staff get—and keep—that “just cleaned my office” feeling:
Start with a clean sweep of...
These Tax Day Treats Shine Light at the End of the “Tax Season Tunnel”
April 3, 2017
With just a few weeks to go until Tax Day on April 18, it’s time to make sure that you’re on track to get your individual return filed. If you haven’t already engaged our firm to help you with your taxes and you need assistance, don’t delay…it’s time to let us know!
While tax season can be stressful, Tax Day itself can be quite rewarding if you...
The Winter Blues Are Real—Here’s How You Can Beat Them with Science
March 23, 2017
If you tend to feel down after the holidays—you’re not alone. According to the American Psychiatric Association, as many as 20% of Americans experience Seasonal Affective Disorder (SAD), depression brought on by the shorter days and diminishing sunlight at this time of year.
Do You Sit All Day? Take a Stand Against a Sedentary Lifestyle
March 20, 2017
The average American sits a lot. Many of us sit while we work, while we relax and while we learn. Over the long term, this sedentary way of life can have a negative impact on our health, increasing the risk of diabetes, heart disease and cancer—in addition to shortening life spans. To counteract these negative effects, it’s important to get up, get active and get...
Set the Stage to Help Your Home Sell This Spring
March 1, 2017
Spring is in the air...which means peak home-selling season isn’t far away. In fact, according to recent market data, 60 percent of all home sales in the United States will occur in the spring and summer months. If you’re thinking about putting your home on the market, now is the time to get prepared—which includes considering how you will “stage” your home to...
Avoid March Madness—Why You Should File Your Taxes Now
February 17, 2017
For sports fans, this time of year is an exciting one. First the Super Bowl, and then the buildup toward the NCAA March Madness tournament. While tax season isn’t quite as exciting as these events, you’ll still want to make the effort to get ahead of the game—and the April 18 deadline—to score the benefits of early filing.
Avoiding identity...
Small Businesses Can Restart Health Reimbursement Accounts in 2017
February 1, 2017
Although the fate of the Affordable Care Act (aka Obamacare) is not yet clear, thanks to the passing of the 21st Century Cures Act at the end of 2016, employers with fewer than 50 employees can now start funding stand-alone health reimbursement accounts (HRAs) again. Employees can use HRAs to pay for medical expenses, including health insurance coverage on the Obamacare health insurance...
Tips to Defend Your Business from Cyber Attacks
January 17, 2017
You need only tune into the news to see that cybercrimes are a very real threat. From viruses to malware, everyday computer use and online browsing can leave you vulnerable to hackers who want your valuable information. If you have a small business, your risk of a cyberattack is likely even higher, especially if you do not have the resources or know-how to enact effective security policies....
Break Barriers in 2017 with These Mind-Changing Mini Resolutions
December 28, 2016
There’s a reason why the regular New Year’s resolutions like losing weight, exercising more and sticking to a budget are popular—so many of us need to do them! There’s also a common reason why so many of us fail to meet our goals in these areas: we haven’t developed the mindset to support the changes that we want to make.
Instead of setting a big,...
Keep the Holidays Merry with These Simple Stress Relievers
December 14, 2016
The holiday season can be wonderful, but they can also be one of the most stressful times of the year. Fortunately, the experts at Psychology Today also offer these simple stress relievers to put the joy back in this special time of year:
- Take a time-out. Time-outs aren’t just for toddlers who have a tantrum. In fact, rather than being a...
Obama’s New Overtime Pay Rule is On Pause—What Does it Mean for Your Business?
November 30, 2016
Just days before it was scheduled to be implemented on December 1, a federal judge in Texas has blocked the implementation of the new Department of Labor (DOL) federal overtime rule, which would have doubled the Fair Labor Standards Act’s (FLSA’s) salary threshold for exemption from overtime pay. According to an NPR report, this extension of overtime eligibility would have...
Take Note of New Business Tax Deadlines in 2017
November 15, 2016
As a result of the highway funding extension bill signed into law by President Obama in 2015, there are important changes coming in 2017 to deadlines for business tax filings including:
- W-2 and 1099 filings are due January 31 in 2017 instead of March 31. These forms are still due employees and contractors by January 31, so it’s important to prepare and...
Five Key Areas Every Business Owner Should Review Before Year End
November 1, 2016
We’re well in to the fourth quarter of the year, which means year end is fast approaching. Here are five important areas of your business to review before the calendar turns to 2017.
- Tax planning opportunities. November and December are prime time for tax planning, which can pay big dividends when filing time arrives. Touch base with our firm now to...
Start Holiday Gift Giving for the Kids with an IRA Contribution
October 17, 2016
If you’re like many parents and grandparents, you may already be thinking about what kind of gift to get the children on your list this holiday season. For teens and young adults especially, it can be challenging to come up with truly unique and meaningful gifts. One idea with long-lasting impact is to make a contribution to either a traditional or Roth IRA on your children or...
Don’t Let Year-End Cost-Cutting Derail Your Business Goals
October 3, 2016
Many businesses need to adjust their spending to meet the reality of their cash flow during the last few months of the year. While it can be tempting to just cut expenses across the board, this strategy may actually backfire if you cut in the wrong places. Here are four budget areas you should try to preserve to avoiding derailing your long-term business goals:
1....
Wondering About Tax Deductions for Political Contributions? Here’s the Lowdown
September 19, 2016
With election season in full swing, you may be wondering, “Are political contributions tax deductible?” Here’s the lowdown:
Whether it’s your county mayor or the future President of the United States, the rules on taking advantage of tax deductions for political contributions are the same: Donations are deductible if the organization you give to is a 501(c)(3)...
Take Note! The Filing Deadline for W-2s and 1099s is January 31 in 2017
September 1, 2016
Consider this blog post as early notice that the date by which employers must file their W-2s and 1099s with the Social Security Administration (SSA) and IRS will change to January 31 in 2017.
Previously, W-2s and 1099s were not due to governmental agencies until March 31, so this new deadline will significantly reduce the window for making any necessary changes. These forms are still...
The World is Chipping Away at Credit Card Fraud—But Individual Vigilance is Still Key
August 16, 2016
EMV chip technology, which is the first major upgrade for credit card fraud protection in many years, is slowly being rolled out by merchants around the world, including in the United States. While this technology has the potential to provide better security for your credit card data, it still has its limits and it is not completely hacker-proof or secure. As such it is still important to be...
Before the First School Bell Rings, It’s Time to Reset the Alarm Clock
August 2, 2016
It’s August and children and parents everywhere are facing a grim reality: back to school season is just around the corner. At this time of year, many parents struggle to get their kids back into a regular sleep routine. To help, we offer these tips to reset your family’s alarm clock before the first school bell rings:
- Start tonight. While child...
Getting Married this Year? Here’s Your Tax Tip Sheet
July 18, 2016
While most couples go to great lengths to ensure that their wedding day is perfect, far fewer think about how their nuptials will impact their tax liability. The truth is, the moment you get married, no matter what time of the year it is, in the eyes of the government you are considered to have been married for the entire tax year. With this in mind, here are some tax tips to consider as you...
Key Lessons from the Financial Fallout of the ‘Brexit’ Vote
July 5, 2016
It’s fair to say that the recent ‘Brexit’ vote by Britons to exit the European Union (EU) has shaken global financial markets to their core, at least in the short-term. Financial analysts say that it’s too early to tell what the long-term impact of this historic vote will be. But one thing is for certain, the Brexit offers several important lessons that individual...
Smart Strategies to Handle the “Downfall” Problem 1 in 4 New Businesses Experience
June 21, 2016
One of the most (if not the most) important indicators of business health is its cash flow. Even if your business is profitable and growing, if you don't have a consistent stream of cash coming in, you'll run into financial trouble. Lack of cash flow is the primary reason that more than one quarter of new businesses fail—29 percent to be exact. Here are some smart strategies...
IRS Fights Scammers – Instructs Staff to Initiate All Future Audits by Mail; Never by Telephone
June 10, 2016
With a rise in IRS phone scams, the Agency changed its policy on contacting taxpayers whose tax records are subject to an audit. The new policy instructs IRS agents to contact affected taxpayers only by mail—never by phone (which used to be the IRS’ go-to method of contact). As such, we urge all of our clients to adhere to the following guidelines should...
No Time to Garden? Try These Time-Saving Tips
June 1, 2016
While many of us appreciate the glory of a beautiful garden, there’s no denying that having one is a time-consuming endeavor. That’s why we’ve compiled these tips to help you make the most of your yard in less time:
1. Start with a plan.
A well-thought-out plan for your garden that utilizes low-maintenance plants and flowers will save you time...
Overtime Pay Eligibility Expanded – What Businesses Need to Know
May 20, 2016
President Obama, declaring that “Americans have spent too long working more and getting less in return,” ordered the Labor Department to revise federal rules on overtime pay for salaried workers that log more than 40 hours a week. The long-awaited rule change will extend overtime pay to an estimated 4.2M workers.
Under current federal regulations, only salaried employees...
Sleep on This! Think Quality Not Quantity When It Comes to Shut-Eye
May 16, 2016
We’ve likely all heard the news—Americans are incredibly sleep-deprived. However, according to recent research, achieving better quality sleep may be more important than actually increasing the number of hours of sleep. In fact, experts report that 6 hours of deep refreshing sleep is more beneficial than 8 hours of light interrupted sleep.
May is Better Sleep...
Be $1,000 Richer by Next Year with These Simple Savings Strategies
May 2, 2016
Wow! May is already here—and if you’re like many Americans your savings account balance is still stuck where it was at the beginning of the year. So what to do? You can’t make up for lost savings opportunities…or can you? We believe that you can with a little bit of discipline. For example, saving $125 a month can be as easy as:
- Renegotiating your...
5 Actions to Reduce Cyber Liability Risks in Your Business Today
April 14, 2016
A quick glance at the news is all it takes to realize that the threat of cyber attacks is increasing for businesses. So how can your business beat the odds and avoid becoming another victim of cybercrime? Try putting the following five action items at the top of your priority list:
- Encrypt your data. Whether it's bank routing digits, credit card accounts or...
Final Check – Did You Claim Every Eligible Tax Deduction?
March 31, 2016
Every year, American taxpayers leave millions of dollars on the table for Uncle Sam—in the form of unclaimed tax deductions. With Tax Day just around the corner, it’s time to do one final check to make sure that you are not missing out on three of the most common deductions:
- Retirement contribution deductions for single-income couples and the...
Five Snacks to Spring Clean your Body and Mind
March 15, 2016
Spring is here and the season for new beginnings. This is a good time to re-think "spring cleaning" and choose snacks that can cleanse our bodies from the inside out.
These five snacks are guaranteed to feed your mind, detoxify your body, and satisfy your palate!
1. Guacamole - High in fiber and “fat” but don’t worry, it’s good fat!...
Make Your Spring Break Worry-Free with These Home Security Tips
March 1, 2016
If you’re packing your bags for a spring break getaway, take a little time before you leave to implement the tips below—they’ll help keep your home safer while you’re gone, and free your mind of worry so that you can truly enjoy your trip.
- Tell your neighbors that you will be away. Inform your neighbors and friends of the dates that you...
Tax Season is Scam Season... Keep Your Information Safe!
February 16, 2016
The IRS has joined with industry and states on a public awareness campaign to provide taxpayers with easy tips to better protect themselves. For some quick tips, you can watch an informative video here.
Tax-related identity theft occurs when someone uses your stolen Social Security Number to file a tax return...
Identity Protection PIN Letters List Incorrect Tax Year
February 1, 2016
According to a recent IRS notice, due to an error, taxpayers are receiving Identity Protection (IP) PIN letters with an incorrect year listed. If you received the CP01A Notice dated January 4, 2016, be aware that the PIN contained in it is valid for use on all individual tax returns filed in...
Getting Over It… Quick Tips for Beating the Post-Holiday Slump
January 18, 2016
It’s a stark reality that millions of us face once the holiday season is over: the post-holiday slump. Even just a few days off can make coming back to the office seem excruciating—there’s all that work to do, the anticipation and cheer of the holidays are gone, and for many people the next vacation day is a long way off. Yes, being a working adult is tough, but getting over...
Customer Service Goes Social—Is Your Business Prepared?
January 4, 2016
If your business engages in social media, you may have noticed an uptick in the number of customers who are posting questions on your Facebook page, tweeting comments or engaging with your company on other social platforms looking for customer service support. It’s a trend that is affecting just about every type of business—and using social media as a customer service channel will...
IRS Simplifies Filing and Recordkeeping for Small Business – Hooray!
December 15, 2015
In an ongoing effort to keep you informed of IRS changes, we have a new and important one to report. And this time, the change eases your filing burden.
Within the last month, the IRS significantly simplified the paperwork and recordkeeping requirements for small business by raising the safe harbor threshold for deducting certain capital items from $500 to $2,500. This applies to...
Tis the Season! Avoid Common Holiday Scams with These Tips
December 1, 2015
As cybercriminals begin to take advantage of the holiday season, it’s important to take extra precautions to avoid having your money, credit card information, social security number, or identity stolen. E-commerce thieves, at this time of year especially, will try to create holiday-related websites, scams, and other phishing e-mails that can trick even the most alert consumers. The...
The Key to Scoring on Black Friday? Create a Pre-Game Plan
November 16, 2015
The countdown is on to the what retailers hype as the best shopping day of the year—the day after Thanksgiving dubbed by Americans as ‘Black Friday’—represents the kick-off to the holiday shopping season. However, given the explosion of retail competition and the Internet in the past several years, Black Friday is really not what it used to be. And if you’re not...
It’s Tax Planning Time—Here Are Some Money-Saving Tips for Individuals and Businesses
November 2, 2015
With just a few short weeks to go before the end of the year, it’s important to take a look at your tax situation and consider ways to decrease your tax obligations. In other words, it’s time for tax planning. We put together the following tips for you to support smart tax decisions:
- Stay apprised of potential tax provision extensions. Congress...
Our New Website!
October 21, 2015
Barwick CPA is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.
Take a moment to look around our new...
4 Steps to Finding the Sweet Spot for Success
October 14, 2015
Ah, the sweet smell of success! Achieving goals and bringing our vision to fruition is the end-game for most of us, especially in our business lives. Unfortunately, success can sometimes elude us to the point where we have to start looking at what, exactly, is going wrong. Perhaps, though, the question we ought to be asking is this: What is going right? By honing in on what is bringing you or...