The IRS continues to distribute the latest round of $600 stimulus checks passed by Congress in December, but there have been widespread issues and delays in getting these checks out to Americans. There are millions of Americans who, at the end of January, had yet to receive their stimulus money, and also still others who …
What to Do if You Never Received Your Stimulus Check Read More »
Turning the calendar over into a new year represents a fresh start for people and businesses alike. It also represents the beginning of thetax season. In the coming weeks and months, you will need to gather all of your important tax-related information (if you haven’t already been collecting it) and complete all your tax paperwork …
Tax Season Has Arrived: Here’s the Information Your Small Business Needs to Gather Read More »
Congress recently passed a second round of stimulus checks worth up to $600 per person, and the Internal Revenue Service (IRS) and Treasury have already started sending these checks out to some people. When can you expect to receive your stimulus payment and what should you know about this round of checks? Here’s a quick …
What You Should Know About the Next Round of Stimulus Checks Read More »
Did you end up falling a bit behind this year with your tax planning and bookkeeping? No worries—2021 presents an opportunity for a fresh start. With only a little bit of time left to go in the 2020 tax year, the time is now for you to make some New Year’s Resolutions for the next …
New Year’s Resolutions to Consider for Your Tax Planning Read More »
Can you believe it’s December already? The end of the year is always a busy time for any small business owner. Not only is it the holiday season, which means a big push for sales during the busiest shopping time of the year, but it’s also the close of another tax year, meaning you need …
The COVID-19pandemic has wreaked havoc on America’s economy this year. Millions of Americans are still unemployed, even after some economic recovery has occurred, and businesses have lost millions to billions of dollars. With no end in sight to the pandemic, Americans are hunkering down for what could be a difficult winter, and business owners are …
Thanksgiving is just around the corner, and as a business owner, you likely have many things to be thankful for. If you’ve outsourced your bookkeeping, then you know just how nice it is not to have to worry about staying up to date with the minutiae of your finances. Here are just a few reasons …
Reasons to be Thankful for Outsourced Bookkeeping Read More »
If you sell products at your business, you need inventory management software. There’s no better way to keep tabs on your transactions and inventory—and as we all know, having accurate financial records is vitally important to any business. Keeping track of your stock and sales is just the beginning. Depending on what you sell, you …
How Bookkeeping and Inventory Management Go Together Read More »
As a lawyer, keeping track of your firm’s transactions isn’t just good business—it’s the best way to ensure that you don’t run afoul of professional responsibility rules. While most lawyers understand the importance of good bookkeeping practices, many simply do not have the time to manage their financials properly. This is especially true of smaller …
As part of your financial obligations as a business owner, you must stay on topof all of your owed local, state and federal taxes. One such tax is the payroll tax. All businesses with employees must withhold payroll taxes from those employees’ paychecks to pay certain local, state and federal taxes. The taxes that get …
Everything You Need to Know About the Payroll Tax Read More »
