Can you believe that we are closing in on the end of another year? You know what that means — it’s time to start preparing your 2021 taxes. Get a head start by reviewing the following changes and updates you can expect to see this year. Retirement Plans One big thing to note isRead more…
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Quick Tips to Prepare for Tax Season
October 28, 2021Qualified Charitable Distributions
September 16, 2021QCD 101: What Is It & How Can It Benefit Me? A QCD, or qualified charitable distribution, is an option where these withdrawal funds can be used to make a nontaxable direct donation from your IRA to a qualifying charitable organization. With the ability to give up to $100,000 annually, a QCD can provide aRead more…
What is The Employee Retention Credit and How Am I Eligible?
July 26, 2021The pandemic has been hard on everyone, but there is good news. As an employer, if you were able to retain employees during COVID-19, the employee retention credit of the American Rescue Plan has been extended. The Employee Retention Credit (ERTC) is a refundable credit businesses can claim on qualified wages, including specific health insuranceRead more…
Let’s Talk About the Future of Your Organization
June 22, 2021You’ve put your blood, sweat and tears into creating your company, and you don’t want anything to happen to it in the event you’re no longer around to oversee the day-to-day operations. That’s why it’s essential to take the proper steps to protect it. This is called succession planning. It’s the process of identifying criticalRead more…
Focus on Your Business. We Focus on Your Books.
May 17, 2021As a business owner, you are well aware of the multiple hats you need to wear and the complexities of making sure everything is running smoothly. The last thing you want to do is bookkeeping. At PPL, one of our most popular services is our Back Office Bookkeeping service. We take care of your booksRead more…
How Can Filing a Tax Extension Benefit You
March 2, 2021Although tax day is April 15, the same day every year, people still find themselves struggling to get their records together. If that’s you, you’re in luck. The Internal Revenue Service allows taxpayers to file for an extension until October 15 if they need more time to prepare. The IRS automatically grants the extension asRead more…
Preparing Your Tax Return. What You Need to Know and Do
February 17, 2021Contact PPL The team of professionals at PPL is here for you! If you would like to discuss an important topic or something that will significantly impact your tax return, call PPL to schedule an appointment or virtual meeting. The sooner you contact us, the sooner your return will be complete. Don’t wait tooRead more…
Top 10 Bookkeeping Tips for Small Business Owners
January 18, 2021Owning a small business can be overwhelming at times. Bookkeeping for small business owners could be even more overwhelming. Below are 10 bookkeeping tips to help you manage your bookkeeping. Tip # 1 Keep your business and personal finances separate. Comingling business and personal finances is a common mistake made by small business owners. NotRead more…
1099 Ins and Outs
December 9, 2020Owning a business requires you to pay attention to the details. It is your responsibility to ensure your company is compliant with all applicable federal and state filing requirements. 1099 forms are used by companies to tell the IRS when you pay an independent contractor or another self-employed person. And although it may sound simple,Read more…
Make 2021 Your Best Year Ever
November 9, 2020What is a budget and what is budgeting? Budgeting is the process of creating a plan to spend your money. That may seem obvious, but many people don’t take the time to sit down and create one. It’s essential to develop a plan for the upcoming year because it helps you set your financial goalsRead more…