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Are you looking to expand your business before the year is out? Although the economy has been hit hard by the pandemic, even small businesses can find the silver lining amidst the gloom. Thus, we have collected some worthwhile accounting… Read More
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Top 5 Accounting Issues for Small Businesses
Without a proper accounting process, your small business could fail very quickly. Unfortunately, in the massive world of small businesses, start-ups and other types of small businesses can severely suffer from not having a proper accounting system in place. Missed… Read More
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Starting a Small Business: Should You Initiate Sole Proprietorship?
Running your own business can be wonderful and intimidating at the same time. When your business is just getting off the ground, you might have partners or other investors on board. Whether it’s a year old or not, starting a… Read More
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Why Good Bookkeeping is So Important
Every business needs to track their incomes and expenses. Small business owners have plenty of worries on their minds, and accounting can be difficult to do. This is one of the reasons why good bookkeeping is so important. What are… Read More
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Small Business Accounting Tasks to Do Every Week
Strong bookkeeping and accounting are crucial for the success of a small business. Some small business owners may believe that because their business is more reliant on cash flow, they don’t need to learn the details of accounting for their… Read More
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What to Know About Classifying Employees for Payroll
As a small business owner, it is essential that you correctly classify your employees as either employees or independent contractors. Classifying employees is crucial to payroll because employees will receive different benefits and taxes depending on their classification. Before you… Read More
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Every Essential Form for New Employees
When you hire a new employee, there are many forms they are required to complete before they start working as part of their onboarding process. Several of these forms are required by the government, while others are necessary documents for… Read More
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How to Rehire Your Furloughed Employees
If you had to furlough employees during tight financial times, but you can now bring them back, you will be required to file some paperwork and keep documents as you do when hiring new employees. No matter your reason for… Read More
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5 Tips for Keeping Business Records Organized
Keeping records of your business is an essential part of running a healthy business. It not only helps you make smart business decisions but can help you in your eligibility for tax credits and loans. As many small businesses are… Read More
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Updates to PPP Loan Forgiveness Rules
As we have mentioned before, the Paycheck Protection Program is continually changing and evolving as the SBA understands better how small businesses can use it. The Small Business Administration is issuing new rules and guidance regarding PPP loans and the… Read More