Don’t Spend a Dollar to Save a Dime

December can be expensive. The Performance Group is one of the top small business and agribusiness tax accountants in Central Indiana. We know that December is a very important month for our clients’  bottom line.  This is the time of…

Workers Compensation Insurance In Indiana

Indiana workers’ compensation law Indiana law requires every business operating in the state to provide workers’ compensation insurance to their employees, with certain exceptions. Who needs workers’ comp insurance in Indiana? Most businesses with employees in Indiana must have workers’…

The Cheapest Insurance on the Block

“Save X% in minutes” We’ve all heard the quote , but what could those quick savings cost you? Speed and convenience are at the forefront of every business type in this everchanging internet age. You  can go online and order…

Side Hustle Tax Breakdown

Earning side income: Is it a hobby or a business? Whether it’s something they’ve been doing for years or something they just started to make extra money, taxpayers must report income earned from hobbies in 2020 on next year’s tax…

Moms should be making HOW MUCH?!

Every year salary.com releases their estimate value of a mother’s work based on tracking real time market prices of all the jobs that moms perform. If stay-at-home moms earned an annual salary for all the jobs they perform on a daily…

Tax Deadlines 2020

Contrary to popular belief, not all tax returns are due on April 15th. We are all accustomed to the idea of the APRIL 15th tax deadline. However, there are multiple different deadlines throughout the year based off your filing status.…

The Latest on RMDs

Until recently, retired owners of 401(k), traditional IRA and similar accounts had to begin taking required minimum distributions (RMDs) when they reached age 70 1 But the passage of the SECURE Act means: You can wait until age 72 to…

Scam Szn (Season)

If you have received what you think is a false communication from the IRS please contact your tax adviser immediately. IRS Scams have become more and more common as we have come into the digital age. The IRS doesn’t initiate…

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