Tips and Best Practices Managing a virtual team is different from managing your own in-house staff. As you grow your virtual team, you'll face some unique challenges. Here are some tips and best practices to help you get started. Be Available Make sure you're available whenever your outsourcers need you. Give [...]
There are many reasons why companies outsource but the main one is to save money. Although you have to pay outsourcers for the work they do, in the long run it'll be cheaper than hiring in-house staff. The only problem is that it's sometimes hard to control how much you spend outsourcing, and this can [...]
Two Great Options to Save Your Business Time and Money Small business owners often forget that they don't have to do everything themselves. Especially in this day and age where much of what we do is online, you can find many ways to get things done without actually doing them yourself. Automating and [...]
Have payroll income or be self-employed. There are a multitude of possible combinations. If so, the IRS withholding calculator is not suitable for your needs, and you will probably need professional assistance in determining a combination of estimated taxes and payroll withholding You Probably Need to Adjust Your W-4 One more thing about [...]
You are through with your tax filing for 2014. Saw the penalty and freaked out a little! BE PREPARED it will be more in 2015!!! The penalty for not having minimum essential health insurance for yourself and other members of your tax family takes a substantial jump in 2015. For 2014, the penalty was [...]
The GMLCPA team are here to offer more opportunities to partner with you and GROW your company in a big way!! Time is a factor. That is what everyone is saying these days. Too much to keep up with, changes, technology, life, children, there is no time for you. Am I right? I know. [...]
In our office our daily meetings include client updates, task sharing and sometimes a good giggle on something that a client told me or something that happened at home. We do 30 minutes prior to “opening time” so we aren’t interrupted. I started noticing that our meetings were becoming less productive and so I started asking [...]
Have you ever had a conversation with someone and when you were done you were not sure if they really got it? I know this happens a lot. Why is that? We all have filters that we hear through. Like rose-colored glasses that blur our vision so does that filter [...]
Architects, Engineers and Specialty Construction Trades: Did you know you can write off Start-Up Business Expenses? Designer Business owners – especially those operating small businesses – may be helped by a tax law allowing them to deduct up to $5,000 of the start-up expenses in the first year of the business’s operation. This is [...]
In business as with everything else, battling the never ending demands of life can be draining. We all know there are things we should do but finding the motivation and energy to really make it happen is a whole other story. Personally, consistency is something I battle regularly. Keeping focused on one task really [...]