tax payroll bookkeeping

Understanding Your Payroll Tax Deposit Obligations as an Employer

The Internal Revenue Service (IRS) expects all employers to withhold certain taxes from employee paychecks and to remit payroll tax deposits on...

Make Sure to Deduct the Cost of Business Meals Correctly on Your Tax Return

Even though the Internal Revenue Service (IRS) changed the law regarding the deduction of business meals almost one year ago, some people...

When is the Right Time to Consider Outsourcing Payroll Services?

Whether you have 100 employees or only a handful, there’s no denying that processing payroll takes a lot of time that you...

How to Make and Follow a Budget for Your Small Business

Every dollar counts when you’re a new small business owner. With little to go around, creating and sticking to a budget is...

Proactive Tax Planning Critical to Your Overall Business Strategy

Whether you’re a new business owner filing your first tax return or someone who has filed many times but still feels overwhelmed...

Four Strategies to Set Business Goals that are Actually Profitable

While all business owners want to earn as much profit as possible, they aren’t always sure of the best and smartest ways...

What Every Business Owner Should Know About Excise Taxes

According to the Internal Revenue Service (IRS), both individuals and businesses pay excise taxes as part of the price of several categories...

Businesses Can Make New Year’s Resolutions Too

Now that 2020 is officially here, the opportunity of a new year and a new decade lies ahead. Any business can benefit...

Understanding a Profit and Loss Statement is Essential to Keep Track of Net Income

A profit and loss statement is one of several documents businesses produce to demonstrate the financial health of a company. Typically created...

Beware of These Fraudulent Payroll Schemes

According to recent information published by the Association of Certified Fraud Examiners (ACFE), payroll fraud occurs in approximately 30 percent of American...