Knowing all your administrative options available is imperative for business success. This article is for entrepreneurs & small business owners who are trying to decide if they’ve effectively covered all the bases. Let’s take a look at providing the very best service options for you and your entire organization. Payroll needs vary. That’s why we […]
Personal Tax Filings
Oh, goodness it is time again. Every year, tax season seems to come quicker and quicker. You are not alone, and it doesn’t have to be so bad. That is why we are going to show you how simple it is. Whether or not you are an employee of a company and receive a W-2 […]
What We Know About the Vaccine Mandate (For Now)
On September 9, 2021, President Biden announced new approaches to combating COVID-19. One of the most significant aspects of these plans includes coronavirus vaccine mandates. So.. what does the new plan require, and what does it mean for both employees and employers? The short answer: it requires about 100 million American workers to either get […]
Employee and Employer Payroll Taxes – What’s The Difference?
Even though payroll taxes are paid by both employers and employees, there’s one major difference. Payroll taxes paid by employees affect employees’ net pay, but payroll taxes paid by employers don’t. Taxes that employees pay are subtracted out of an employee’s gross pay, which lowers the net pay for that paycheck. However, payroll taxes paid by the employers do not affect […]
Should I Set Up My Business as an LLC or S-Corp?
Choosing the right business classification is critical to the success of your business. This article is for entrepreneurs & small business owners who are trying to decide whether they should structure their business as an LLC or S Corporation. Let’s dive into the differences and figure out what is best for you. An S corporation […]
Do Corporate Taxes Have You Down?
Hire the Best in Town! Chapter 1-The hard work has paid off! You know what it takes. You’ve worked hard to build your business. Day in, day out, for years you have been up early and stayed up late. You have worked diligently to ensure a top-notch customer experience. You know how you made it […]
Everything You Need To Know About The New PPP Direct Portal
Fantastic news for small business owners — the SBA direct PPP forgiveness portal is now open! Those who have borrowed $150,000 or less from the Paycheck Protection Program (PPP) can apply for PPP loan forgiveness directly through the SBA portal. This new direct forgiveness program will simplify the PPP forgiveness process and give faster relief […]
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Important Tax Dates for Small Businesses [2021]
This was definitely an interesting year for taxes. We saw everything from tax extensions and exemptions, to small business loans and stimulus checks. However, this effort to help people and small businesses through the pandemic has brought implications for filing taxes this year. Here we take a look at the important tax dates for small […]
How To Obtain Small Business Tax Deductions
One of the easiest ways of lowering your income tax bill is to claim all of the possible tax deductions for your small business. What is a tax deduction? A tax deduction (also known as a tax write-off) is a business expense you can deduct from your taxable income. You take the amount of the […]
SBA Faces Backlash Over The Restaurant Revitalization Fund
The Small Business Administration (SBA) reported more than 266,000 applications have been received for the Restaurant Revitalization Fund (RRF). More than $65 billion has been requested for funding, however, only $29 billion was allocated. Nearly half of the applications have come directly from women, veterans, and minority business owners. This has left hundreds of thousands […]