Tax accountants do more than file taxes or manage client tax matters. They are small business advisors that improve productivity and profits. Tax accountants learn every business detail to prepare your company’s tax compliance reports, payroll, bookkeeping, budgeting...
Why does the Internal Revenue Service audit some small businesses and leave others alone? Sometimes it’s a chance, but other financial practices, such as misreporting income, create audit triggers and trouble for small businesses. Learn about six small business audit...
1. Verify all information that will transfer to the W2s. Company information to verify for payroll would be the company name, address, and EIN accurately listed. Employee Names, social security numbers, and current addresses. 2. Account for all earnings, even outside...
The ERTC can get your small business up to $26,000 per employee from the federal government just by asking. Can Your Business Qualify for the ERTC? Here’s a little-known secret: the Employee Retention Tax Credit does just that. Congress passed ERTC at the beginning...
Setting up a small business is hard but even harder when choosing the right entity structure. Significant differences exist in a corporation, a partnership, a Limited Liability Company (LLC), or an S-Corporation. Which Small Business Legal Structure is Right for You?...
