How to Set Up Payroll for Your Small Business.
So, it’s time to add a team member. This guide will walk you through everything you need to successfully set up payroll for your business. Here is a complete guide on how to successfully onboard your first employee.
Payroll Checklist: DO THESE SIX THINGS BEFORE HIRING AND PAYING EMPLOYEES
Welcome to the big leagues. You have employees and they want to get paid. They need to get paid, and you need to make sure you can pay them if you want them to continue working for you. While setting up hiring employees and setting up payroll sounds overwhelming, it doesn’t have to be. When paying employees, there are a few key things a business must do first. This article is here to be a resource or guide. Don’t get overwhelmed with payroll setup.
5 Ways Your Tax Preparer Can Help You Year-Round
Did you know that most tax-preparers offer more than just tax services? Yep, that guy that does your taxes also works in finance and can help your business year-round. Shameless plug aside, it's true. Tax filing season isn’t the only time you should be thinking about taxes, in fact, many tax-preparers double as accountants and can be helpful to you all year. Tax season has come to an end. Most are glad it's over, saying sayonara to their tax preparer, but it may be a good idea to keep them around. Many tax preparers work in crossover roles as an accountant, bookkeeper, or both. Having taxes prepared by a cousin who does the family’s taxes every year is great, but for business owners and high-income earners, it’s smart to work with someone year-round.
10 Ways to Boost Productivity at Work
Being more productive at work isn't rocket science, but it does require being more intentional about how you manage your time. This post will walk you through 10 simple but effective strategies for increasing your productivity at work.
Cash Businesses - How To Protect Your Dollars from the IRS
Businesses should make every effort to protect their money from the IRS. Business owners are required to track and account for every dollar earned and spent on necessary expenses. While having a cash business can be beneficial, there are some things to consider when filing taxes. For businesses, cash transactions can save a considerable amount of money. By only accepting cash, one can avoid having to pay per transaction, and avoid things like fraud. While operating in cash does guarantee quick and easy payments, cash-only businesses have a 55% probability of being audited by the IRS, while multi-payment businesses only have a 5% probability of being audited.
The Six Keys To Profitability
What makes a business profitable? Is it advertising and marketing? Cutting costs? Beating out the competition? Or just plain old hard work? What if we told you seeing a profit in your business is actually easier than one might think. It just takes the right combination of skill and consistently using the right tools. Turning a profit can be narrowed down to six easy steps or categories that ensure to see a return on your initial investment.
Tax Saving 101: Keeping It In The Family – How hiring your children can save you thousands in taxes.
Now is a better time than ever to hire your children. We know, they’re lazy, they barely work, they have smart mouths, but hire them. We’ve all heard of keeping wealth in the family. By hiring your children to do actual work for your company, their income may be a deductible expense for your business. There are some limits and stipulations, but yes you can pay your children to work for you, tax-free!
Small Business Bookkeeping Starting at $499.00/m
Bookkeeping and data entry services so you don’t have to. Save time and payroll dollars by outsourcing your bookkeeping needs.
Accounting and CFO Services Starting at $2499.99/m
There’s no question that a bookkeeping service saves your business both time and money, but the processes and consistency introduced by one can increase the longevity and efficiency of your business, making you more profitable for decades to come.