Most small business owners can agree that having quality staff is one of their most important assets. It’s crucial to establish a small business payroll procedure that pays your employees consistently and accurately, regardless of how many you have on staff (2 or 20). Payroll errors can result in disgruntled workers as well as major […]
Accounting for the healthcare sector is more difficult and time-consuming than accounting for an ordinary small firm, which has its complications. Your clinic will not only need to keep track of patient payments. But you may also have to deal with Medicare, Medicaid, and insurance companies regularly to maintain your fees. Use this blog as […]
You always want to act in your company’s best interests as a small business owner. This involves choosing the best candidates for positions, finding the appropriate contractors, and choosing the finest tax preparer. So, is a CPA or a tax preparer better for your company? For information on what a CPA and a tax preparer […]
Certified accountants offer the expertise and knowledge required to guide you through the taxes and financial issues unique to your company. However, to provide you with the support you require, you must find an accountant with the correct qualifications and experience. We’ve created a list of questions to ask an accountant to assist you in […]
Whether you like it or not, remote work is a reality. The days when workers visited the office each day are long gone. There may be occasions when an employee works in person, but you likely have remote workers that do all of their work from a distance. Working remotely can be simple and practical […]
It is beneficial for all firms to have virtual bookkeeping. You might not be aware of your alternatives when it comes to how you handle your bookkeeping. Virtual bookkeeping is a bookkeeping choice that can be suitable for your company. It offers benefits and distinctions. Find out more about selecting the best bookkeeping services for […]
Every industry employs freelancers. Although their employment gives many individuals freedom across numerous industries, freelancers nonetheless have accounting requirements that they must satisfy. Should I Report My Freelance Income? You must report your freelance income, as a freelancer. Copies of Form 1099 will be sent to the IRS by businesses where you’ve performed freelance work […]
What Is the 941-X Form? If you already filed Form 941 and need to make changes to it, you will submit Form 941-X to the IRS as the Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund. To enable firms to “report changes to employment taxes and seek refunds of overpayment employment taxes,” the […]
Since all Lyft and Uber drivers are required to file their tax returns as independent, self-employed persons, each driver must conduct their own small business as an outright corporation. This strategy offers greater potential for tax deductions for drivers who use rideshare. But can also make tax preparation and reporting business income more challenging. Tax […]
Make sure a loan is the best choice for your company if you’re thinking about getting one to deal and fight with inflation. Small company owners have been battling the COVID-19 pandemic’s impacts for years. But now inflation has slowed the recovery process. The Q2 2022 Small Business Index of the U.S. Chamber of Commerce […]