Hiring Your Own Family to Work for You?

If you operate your business as a sole proprietorship, a single-member LLC (treated as a sole proprietorship for tax purposes), or a husband-wife partnership, here’s a great family tax planning deal: Hire your under-age-18 children as legitimate employees of the...
Secure Tax Deposits for Payroll

Secure Tax Deposits for Payroll

Here are some of the ways that GTM reassures our clients that their tax deposits for payroll are secure. Management Controls: GTM is independently and routinely audited and as a result is SOC-1 compliant. GTM pays strict attention to Industry Best Practices....

New York City Paid Sick Leave

Beginning April 1st, 2014, certain employers in New York City must comply with a new law covering employees’ right to use sick leave for care and treatment of themselves or a family member. Employers with five or more employees that work more than 80 hours in a...
Tax Benefits of Net Operating Losses

Tax Benefits of Net Operating Losses

A net operating loss, or NOL, occurs when a business’s operating expenses and other deductions for the year exceed its revenues. Although the name would seem to indicate that operating in a “loss” situation is negative, there may be tax benefits of...
Top 5 Small Business HR Issues

Top 5 Small Business HR Issues

Based on the feedback we hear from our small business clients on a daily basis, we have compiled a list of the top five small business HR issues that owners face.Below are a few tips of the trade to assist employers in these areas. Finding the Right People.  Many...
Skip to content