5 Tips for Keeping up with Tax Reform

Last Updated: 03/27/2018

As a small business owner, it’s important to know how tax reform could affect you and your employees. While the true impact of the new tax law and legislative updates will not go into effect until 2019, we check in regularly with the IRS and state tax authorities to stay abreast of the latest developments. We have prepared the checklist below to help guide you through this year’s tax season so you can stay focused on what’s really important – running your business.

* This content is for educational purposes only, is not intended to provide specific legal advice, and should not be used as a substitute for the legal advice of a qualified attorney or other professional. The information may not reflect the most current legal developments, may be changed without notice and is not guaranteed to be complete, correct, or up-to-date.

Recommended for you

Human Resources | Article

Living Paycheck to Paycheck

Since mid-march, following the COVID-19 outbreak, 33.5 million Americans have filed for unemployment as a result of layoffs, and there have been far-reaching industry impacts due to social distancing. If you’ve been impacted, your regular source of income could be severely disrupted: Your paychecks may be a fraction of what you’re used to, or perhaps they’re gone altogether. Or maybe you have a massive, unexpected expense to manage on top of all your other bills.

Marketing | Article

How Your Business Can Make the Most out of Black Friday and Cyber Monday

Whether your small business operates online or in a physical retail setting, Black Friday and Cyber Monday can mean a boost in sales. Here are some tips for getting the most out of these consumer-focused holidays.

An employee prepared for retirement with the help of the Maine state-mandated retirement program.

Compliance, Retirement | Article

Maine Joins the Ranks of States Establishing State-Mandated Auto-IRA Plans

Eligible Maine businesses with 5 or more employees will be required to offer a workplace retirement program. The phased-in implementation begins April 1, 2023 with the registering of employees by larger businesses.

Startup, Marketing, Funding | Article

Starting a Business Checklist: Tips for Your New Launch

If you want to launch a business, you may need to take certain key actions to tilt the odds of success in your favor. This list includes some must-have elements of any effective new-business strategy.

Payroll | Article

Top 5 Payroll Challenges for Restaurants

Restaurant payrolls are governed by complex laws for employee wages and tips. This article discusses payroll issues restaurant owners should be familiar with.

Human Resources, Management, COVID-19 | Article

HR Policies and Best Practices for a Healthy Work Environment

The winter months usually bring with them a cold and flu season that can hit employees hard. Add to that the risks associated with COVID-19, and effectively maintaining a healthy work environment may be especially challenging for you this year. If your policies and procedures are outdated or haven’t been reviewed in a while, dealing with a workforce impacted by viral illnesses can leave your company scrambling. Here are some ways you can help build a healthy work environment and keep operations running smoothly.

Startup | Article

Brand Positioning: Strategy Guides for Knowing Your Value

As you start your business, do you know what your brand positioning strategy should be? Consider these three common strategies to discover which one can best align with the value offered by your company.

Human Resources, Management | Article

Managing Stress in the Workplace During the Holidays

Business owners and managers face a tough challenge at the end of each year: holiday stress at work. Reduce holiday stress for yourself and your employees with these tips.

A man working from home who is concerned about cyber security

Management, COVID-19 | Article

Data Security Tips for Employees Working from Home

As many employees work from home to prevent exposure to the disease, businesses and individuals alike can become more vulnerable to the threats of malware, data breaches, and other efforts to ransom or steal data

About Paychex

Paychex was founded over four decades ago to relieve the complexity of running a business and make our clients' lives easier, so they can focus on what matters most.

We provide: