Author Archive | Sonya Foster

couple starting a business

9 Tax Rules and Considerations When Starting Your Own Business

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity. 1. You may qualify for the pass-through deduction. To the extent your business generates qualified business income, you are eligible to claim the 20% pass-through deduction, subject to limitations. The deduction […]

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Account for Indirect Job Costs the Right Way

Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing. Full cost allocations are essential to gauging whether you’re making money on each job. But some companies simply lump indirect job costs into overhead or fail to use meaningful cost drivers, thereby skewing their profit […]

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retirement growth - SECURE Act

SECURE Act Helps Businesses Make Their Employees’ Retirement Secure

A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the new rules. The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was signed […]

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Estate Planning for Your Stage of Life

Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, general guidelines can be drawn depending on your current stage of life. Your early years If you’ve recently embarked on a career, gotten married or both, now is the time to build the foundation for your […]

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ColoCOMPSEqualPayActSeminar

Colo COMPS & Equal Pay Act – Updates

Dalby Wendland was pleased to co-host a client seminar on Tuesday, January 28, 2020, with Autopaychecks regarding the upcoming Colorado wage-and-hour-law changes – Colorado Overtime & Minimum Pay Standards Order (COMPS) and the Equal Pay Act. These rules will apply to most employers with some of the proposals going into effect on March 1, 2020. […]

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