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As 2019 comes to a close, it is time to wrap up important tasks for your business and plan for the year ahead. One of the most critical aspects of your small business, which you should review, is your payroll…. Read More
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The 5 Essential Accounts for Small Business Accounting
Excelling at small business accounting begins with keeping accurate books. A critical factor in bookkeeping is knowing the types of accounts. These accounts help you sort and track transactions in your business. Even if a business has many accounts in… Read More
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4 Small Business Tax Return Myths
The end of the year will be here soon and with it the end of the 2019 tax year. Although taxes are not due until April 2020, as a small business owner, you may be preparing your files and documents… Read More
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Types of Wages For Your Small Business Employees
As a small business owner, you have the responsibility of paying your employees their appropriate salaries and wages. You must be aware of the types of wages each employee qualifies for, and what your rate is for each. Some types… Read More
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Onboarding Procedures for Seasonal Employees
If you run a seasonal business, or you plan on hiring seasonal employees during the peak seasons of November and December, you must be sure to follow the appropriate onboarding process. Additionally, as a small business owner, you must know… Read More
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What Is The Difference Between a Temporary and a Seasonal Employee?
As we move into the busiest shopping season of the year, your small business may need to take on temporary or seasonal employees to keep up with high customer demands. While both of these employees can help your business during… Read More
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What Are Allowable Small Business Expenses?
As a small-business owner, you are probably on a tight budget despite the many expenses that continually pile-up. Fortunately, many of your business expenses are tax-deductible. If you are wondering what qualifies as a tax-deductible business expense, don’t wait until… Read More
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Sole Proprietorships: The Pros and Cons
Sole proprietorships are the most common type of small business structure. A sole proprietorship is perfect for the owner who wants full control of their business. However, there are some specific regulations and taxes that apply to sole proprietorships. Before… Read More
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Understanding the Types of Business Structures
One of the first decisions you will make as a small business owner is your choice of business structure. How you decide to label your business will affect your day-to-day business operations, how much you pay in taxes, and the… Read More
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What Double Taxation Is And How to Avoid It
If you designate your business as a corporation, you should know about double taxation. Corporations and their shareholders are different than other business structures, which makes them subject to double taxation. Read on to discover precisely what double taxation is,… Read More