Payroll tax audits can feel overwhelming, especially for small businesses. These audits often result from simple filing errors or missing payments. Misclassifying employees or failing to deposit payroll taxes on time can also trigger an audit. Understanding what...
The Fair Labor Standards Act of 1938 sets the standards for overtime pay and the basic minimum wage. Back in April, we wrote a popular blog post that looked at the Department of Labor’s (DOL) proposed changes to this Act. We spoke about how important it is for small...
When Rosemary McLaughlin decided to become a business owner by opening a massage studio franchise, it was less a career change than the next step in a career evolution. With nearly two decades of experience in healthcare, and having recently earned her MBA from Babson...
When it comes to calculating sales tax in the state of New York, the former website Taxrates.com spelled it out bluntly and without pulling any punches: New York sales tax has numerous local taxing levels that must be monitored and maintained on a regular basis. It is...
We have talked about the need for you to be able to reach your remote bookkeeping service in times of need but we haven’t talked about the need for that company to be accurate. It may seem like an obvious thing but some companies don’t have the manpower to keep up...
Most small business owners and entrepreneurs juggle every aspect of business management, from administrative tasks to bookkeeping duties. At some point, however, many owners reach a point where managing every task becomes overwhelming, an ineffective use of time and...
Taxes and bookkeeping are important aspects of every business. Bookkeeping involves the tracking of invoices and their corresponding payment. Ensuring your business receives on-time and accurate payments keeps your business alive and thriving. Additionally, it is...
As a small business owner, are you spending the majority your day running your business when you should be growing your business? When it comes to managing the books, you could consider bringing on a costly in-house bookkeeper to track your financials. Or, make the...
If you’re ready to spend less time running your business and more time growing your business, then it’s probably time to outsource your bookkeeping needs. Keep reading to learn the Top 7 Tips for getting started with outsourced bookkeeping for your small business....
Lambert know the glass industry Rhonda and Greg Lambert know the glass industry. They know how to operate a five-location, multi-state business that has seen substantial growth over more than a decade of operation. They also know what it takes to keep their company’s...
As a franchise owner, the success of current and future franchises is indisputably vital, perhaps the single most important goal of your entire business venture. Even individuals with little professional business experience would agree. However, while the success rate...
It seems like every year there is a new law put in place when it comes to taxes. Sometimes these laws affect the way small businesses file their taxes. As a small business owner without a bookkeeper on staff, this can be very difficult to keep up with and to...
