A key employee is an employee with a major ownership and/or decision-making role in the business. Key employees are usually highly compensated either monetarily with benefits, or both. Key employees may also receive special benefits as an incentive both to join the company and to stay with th...
Some IRS workers looking to take advantage of a deferred resignation offer instead were show a stop signal. (Photo by Engin Akyurt) We all want to be that employee who is important to our company’s operation. Until, that is, we want to leave and the boss says, “no, we can’t affo...
With the 2023 cost-of-living adjustment amounts soaring higher than 2022 amounts, it’s important to understand how they might affect your tax and financial situation. Your Baker Tilly tax advisor is happy to help crunch the numbers and explain the best tax-saving strategies to implement based...