Here are several steps small business owners can take to deal with incorrect business taxes, according to our Your Part Time Accountant experts. The complexity of preparing an income tax return for small-business owners might raise the likelihood of an error. Here are six steps we would recommend you take to deal with the nerve-wracking […]
There are numerous ways to pay the IRS, some of which might surprise you. In the past, you could only pay the IRS by writing a check. So, there are a ton of possibilities right now. Here is a summary of some typical IRS payment methods, their associated costs, and their benefits and drawbacks. Keep […]
During the pandemic, the employee retention credit (ERC) was developed to provide businesses with some relief from payroll taxes. And compel them to keep their workforce intact. Businesses that experienced a drop in revenue or were forced to close due to governmental orders are eligible for the credit. There has been significant uncertainty regarding the […]
You must constantly make decisions as a small business owner. How much you will pay yourself and how often is one of the most crucial considerations you’ll have to make. You must abide by a set of rules set forth by the law when it comes to compensation. You may use your judgment in other […]
During COVID-19, there were 18.1 million unemployed individuals, 63% were unable to work because their employer had closed or experienced a drop in business. Because of the employer’s use of the Employee Retention Credit, many jobs and businesses have survived (ERC). Whether your company is a recipient of this credit, you might want to take […]