Are you spending enough on advertising?
As the year-end approaches, McDonald’s owner/operators need to be sure they have spent enough throughout the year on advertising efforts. With the launch of BBV2020 in 2018, the spending requirement for owner/operators was reduced from 4 percent of annual sales to 3.2 percent of sales. Between the national advertising spending through OPNAD of 2 percent […]
IRS extends due dates for ACA reporting
The IRS has announced an extension to the reporting deadlines mandated by the Affordable Care Act for Tax Year 2019. The IRS has extended the 2020 deadline from January 31 to March 2 for employers and insurers to furnish individual statements on 2019 health coverage and full-time employee status. The additional time was given in […]
‘A piece of cake:’ Sage Intacct making a difference for business
“A piece of cake.” That’s how one McDonald’s owner/operator has described using Sage Intacct for her 14-store organization in Missouri. Dawn Giarla, who, along with her husband, Chris, have been clients with Antares Group for 20 years, made the switch to Sage Intacct for their organization about six months ago. “It took a little getting […]
Overtime rules could bring higher labor costs in the new year
New overtime rules that are expected to go into effect at the first of the year could have a significant impact on employers’ labor costs. There are several components to the final rules issued in September by the U.S. Department of Labor, but the provision that raises the standard salary level for employees to be […]
Antares Group donates Thanksgiving meals to families at Phoenix Pass
Antares Group continues its annual tradition of providing Thanksgiving meals for the families living at Phoenix Pass. Each year, our associates donate money and food items for the women and children living at Phoenix Pass. This year, Antares Group provided turkeys, stuffing, vegetables, dessert, and other items for 15 mothers and 35 children. The meals […]
Gifts of cash could mean tax savings for you
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use of the annual federal gift tax exclusion. The amount is adjusted for inflation annually. For […]
Lindsey Pierce named to Atlanta Ronald McDonald House Charities Board of Directors
Antares Group Partner Lindsey Pierce will join the Board of Directors for the Atlanta Ronald McDonald House Charities. Lindsey will join the board and begin her four-year term on January 1, 2020. “This is a wonderful honor to serve this organization in this way,” Lindsey said. “The Ronald McDonald House Charities is a cause that […]
Making business improvements before year-end may get you a bonus
Let’s talk bonus depreciation. It’s time for year-end tax planning, and under the Tax Cuts and Jobs Act, qualified new and used property that is acquired and placed in service in your business in 2019 is eligible for 100 percent first-year bonus depreciation. In other words, if you have been thinking about purchasing some equipment […]
You may be ABLE to save for a disabled family member with a tax-advantaged account
There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. Eligibility […]
Contribution limits for 401(k) plans increasing in 2020; IRA limits remain the same
The contribution limits for employees with 401(k), 403(b) and most 457 plans will increase in 2020 from 19,000 to $19,500. The catch-up contribution limit for employees 50 and older who participate in these plans is increased from $6,000 to $6,500. The income ranges for determining eligibility to make deductible contributions to traditional IRAs and Roth […]