There are a select few people (mostly those who are expecting a tax refund) that submit their tax returns as early as possible. While the rest of us wait for the last minute panic in mid-April (the usual deadline to file taxes) these individuals chase the earliest...
And Why You Won’t Use a 1099-MISC in 2020 As a small business owner, it’s not uncommon to hire out work to a third party. When these third parties are independent contractors, and you pay them $600 or more for products or services, the IRS requires you to fill...
Pay periods. They’re a crucial part of your payroll, and sometimes the thing that keeps your employees going from one day to the next. A lot depends on accurate and consistent payroll — the obvious accounting duties, taxes for both employer and workers, and even...
YTD means “Year To Date.” It simply means “everything from the beginning of this year until now”, and can be found on all kinds of financial documents — whether it’s an official pay stub or a company revenue report. YTD also has some important...
It’s tax season. April 15th, the deadline for submitting individual tax returns, is around the corner. And while you can submit right up until the deadline, there are a few documents you should be collecting. School documents, business receipts, charitable donation...
Running a small business today holds plenty of excitement for those who prefer a fast-paced environment, but there can be a few downsides for those owners who have not thought through the processes they need to keep their business functioning efficiently. One of the...
Remaining on top of your payroll is often stressful and requires a lot of time. If you handle your payroll in-house, the process is even more difficult. No matter how large or small your business, having an organized payroll system is important. This will protect you...
Are you wondering how to cut expenses for your business? Learning about cost savings can have a profound impact on the finances of your business. Knowing where to start, how to do it and the difference between cost-saving measures and cost avoidance are also equally...
Payroll can be one of the most tedious and time-consuming tasks for small business owners, business managers, and other entrepreneurs. With so much to do running a business, it may seem logical to outsource to a third-party provider to help with payroll. There are...
If you have owned a business, or are just about to dive into launching a business, you have probably realized rather quickly that there is no shortage of details to consider — along with a growing to-do list. One of the most important details to understand is the...
