What to Expect: Handling payroll changes when adding new employees

Image courtesy of renjith krishnan at FreeDigitalPhotos.net

Business growth is a good thing. As your business grows, you will soon discover that with growth comes many changes in various areas of your business. One of the biggest changes you may experience is finding that you need to hire additional employees. Once you decide to expand your team, you will face a new […]

To QuickBook or Not to QuickBook?

Quickbooks

Accounting software is a must-have for small business owners who lack the time and/or staff needed to organize their records and keep them organized. If you are currently shopping around for accounting software, you’ll come across a variety of products such as Xero, Sage 50 (formerly Peachtree), and Freshbooks. You may have even considered creating […]

Understanding an Audit Report

Small Business Audit

Although the process of undergoing a small business audit may seem tedious – or even intimidating – it is still an important task that every business owner should do. Audits help small business owners make certain their companies are running effectively and remaining financially compliant. An audit report, which is a comprehensive appraisal of a […]

CPAs: What Makes a Good Accountant?

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Are you starting a business or perhaps need someone who can help you with your tax, accounting, and other financial needs? Then you may consider hiring either a general accountant or a CPA (Certified Public Accountant). Either way, finding and choosing the right accountant or CPA definitely takes time. It’s wise that you hire someone […]

Bookkeeping: The Art of Financial Organization

Image courtesy of adamr at FreeDigitalPhotos.net

Are you a small business owner who dreams of having your financial records in order? To some people, organizing your books may seem as intricate – and complicated – as a beautiful work of art. And indeed, there is a certain artistic quality that pertains to bookkeeping management. Bookkeeping involves the process of recording all […]

What to Expect: 2015 Tax Refund

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Are you breathing a little easier since the April 15th tax deadline has come and gone? Hopefully, you had no troubles filing your tax return and finished it on time. Now you can focus on settling back into your “business as usual” routine. And, if you are among the many Americans who anticipate receiving a […]

Business Financial Records: What do you need to keep on hand?

Image courtesy of Pong at FreeDigitalPhotos.net

Much of the success of any small business’ success depends on how well its owner keeps and organizes his or her business financial records. Most small business owners probably already understand the importance of keeping records of their financial statements for future taxes. They are also the best way of helping you keep track of […]

Quarterly Tax Update: Spring Edition!

Image courtesy of pixabay.com/en/users/jarmoluk-143740/

It is hard to believe the end of the first quarter of 2015 is already upon us, but here we are! We want to help you stay up-to-date with the latest quarterly tax update information so you feel prepared for some important tax deadlines coming up in April. If you are a small business owner […]

1099 Forms: When and Why They are Needed

Image courtesy of pixabay.com/en/users/jarmoluk-143740/

You are most likely familiar with a 1099 form, if you are a (1) small business owner who employs independent contractors, or (2) someone who receives non-salary compensation from an employer for business-related activities made during the previous tax year. In one of our earlier articles, “When You Need a 1099 Form,” we touched upon […]