Know the Rules for Hiring your Kids to Work in Your Small Business?

As a business owner, unless your business is accounting, bookkeeping is normally the last item on your to-do list. But is ignoring your company’s finances wreaking havoc on your business? According to an Entrepreneur Magazine article, “Entrepreneurs who hire accounting help usually discover they weren’t doing nearly as well on their own as they thought…

So you finally took the big step and hired some much-needed help. Great job. Now you can focus on your income-building tasks and leave some of the other things to your new helper. Your other business owner friends have suggested that you just pay this person as a contractor to save yourself some cash by…

Corporate budgets, as well as household ones, are arguably one of the most important tools you can use. Creating a budget for your business will provide a guideline for expected income and expenses and enable you to compare your anticipated financial goals with the actual numbers. In essence, it will serve as a barometer for…

Here are some important dates you need to get on your calendar: By January 31, 2019 Form 940 due – Employer’s Annual Federal Unemployment Tax Return Form 941 Quarterly Reports due Form 943 due – Employer’s Annual Federal Tax Return for Agricultural Employees Form 944 due – Employer’s Annual Federal Tax Return (replaces form 941)…

Business Owners…As we are nearing the close of this tax season, make sure you are taking advantage of every opportunity to cut your tax bill. Business owners can deduct business expenses from the amount of income they earn throughout the year. For an expense to qualify as a “business expense” it must be directly related…

Running a small business can be overwhelming. Boy, do I know the feeling! Are you the owner, the manager, accountant, human resources director, compliance department, janitor, salesman, and IT guy/gal all in a single day? Yep, I’ve been there and so have my clients. When you’re first starting out, it seems like a no-brainer that…