It you've ever wondered why you need Quickbooks Online Accounting, one of the most important reasons is it provides transparency. This is important, because greater transparency creates greater employee loyalty and trust and inspires employees to work harder to achieve business goals. Transparency is especially important to your younger employees. Transparency to Your Employees is [...]
If you're a small business owner, you're no doubt strapped for time, because you have to do so many things. You're so busy, you no doubt need to save time to get everything done, and you can automate some of the more routine or mundane tasks with specialized software, such as the specialized accounting software, [...]
Everyone knows that taxes and coming up, and unless they're getting a federal refund, taxes are something most people don't look forward to. Some people have already filed their taxes, while others will wait until the last minute to do so. For those who are self-employed, dealing with taxes is an even bigger issue, since [...]
Have you ever wondered why your small business is paying so much in taxes? The answer may be simple: You may not be paying as you go. If you don't pay enough taxes during the year, you may pay a penalty for underpaid taxes. Here's how to do it correctly. If You Aren't Withholding Taxes, [...]
As a small business owner, do you ever wonder why you pay so much in taxes? The answer isn't as complicated as you think. Maybe you're not taking the necessary time to properly plan. It could be an issue such as trying to do it yourself, rather than hiring a tax professional, not keeping a [...]
If you've ever wondered, why am I paying so much in taxes? perhaps you've picked the wrong entity type or business structure for your business. Small business owners frequently make mistakes in this area that cost them a lot of money at tax time. The best structure for a particular business can vary based on [...]
Business opportunities have expanded as technology has developed, giving entrepreneurs more options for starting and running a business. While for some businesses, startup capital is lower and a physical building isn't needed, still, financial forecasting is a universal business need. In this regard, let's discuss the role of balancing business growth with financial forecasting. Separating [...]
When starting a business, there's no doubt it can be pretty intimidating at first. Between trying to manage every aspect of the workplace, as well as setting goals for your company, sometimes it's difficult to get the basics down. For example, if you were to look at your list of what needs to be done, [...]
If you're a new business owner, you may wonder what you need to know about sales taxes. A lack of knowledge is costly. If you wrongly think you don't owe the tax and don't collect, or if you correct too little, you could have to pay big fines and penalties. In fact, there are several [...]
Congress has approved the 21st Century Cures Act, which includes a provision allowing small employers to reimburse their employees for medical expenses under a health reimbursement arrangement without being liable for the draconian, $100 per day penalty for violating the Affordable Care Act’s rules. President Obama has indicated his approval of the bill. Background: Stand-alone [...]