How to Determine Whether to Bring on an Employee or Contractor
How to Determine Whether to Bring on an Employee or Contractor As a busy business owner, you likely have experience hiring workers. Workers fall into two categories: employees and independent contractors. From tax treatment to hours worked, there are many differences between employees and independent contractors. In this article, we discuss those differences, and how…
Read MoreEmployee vs. Contractor Taxes
Employee vs. Contractor Taxes As a business owner, you undoubtedly have some knowledge of business taxes. Many small business owners hire both employees and independent contractors to perform services and develop products. Employees and contractors differ in several ways. In this article we discuss what classifies a worker as an employee vs. independent contractor, and…
Read MoreCharities We Are Highlighting This Holiday Season
Charities We Are Highlighting This Holiday Season The holiday season is a great time to reflect on everything we have to be thankful for, and to find ways to help those in our neighborhoods and across the world. From volunteering to making donations, there are several ways to give back. In this article, we talk…
Read MoreWhy Now Is The Right Time To Start A Business (Hint: It’s NOT Perfect!)
Why Now Is The Right Time To Start A Business (Hint: It’s NOT Perfect!) Starting a business is both a challenging and rewarding experience. More freedom, flexibility, and creativity are all good reasons to start your own company. So, how do you know when is the right time to start a new business? Remember, everything…
Read MoreThe Steps to Starting A New Business
Congratulations, you’ve decided to start a new business! This is an exciting step in your career, and you’re probably asking yourself how to get started. From choosing a business name to picking an ideal business location, the steps needed to start a successful business can be numerous. Thankfully, we’ve put together a straightforward guide to…
Read MoreThe Many Benefits of Giving Back as a Business Owner
The Many Benefits of Giving Back as a Business Owner Philanthropy has been a cornerstone practice of the most successful businesses for over one hundred years. There are many reasons why a company devotes time and money to giving back to the community. From networking opportunities to higher workplace satisfaction, in this article we explore…
Read MoreHow Taking Time off During Covid May Have Decreased Your Tax Liability
The COVID-19 pandemic disrupted U.S. society in many ways when it hit in 2020. The government responded with several pieces of legislation to help ease the financial burden the pandemic caused its citizens. The Families First Coronavirus Response Act (FFCRA) was one of the key measures passed in this regard. In this short article we…
Read MoreWhat You Need to Know About the Update to the Employer Retention Tax Credit
In response to the COVID-19 pandemic, Congress enacted several pieces of legislation to help ease the financial burden caused by the virus. The Employee Retention Tax Credit was part of the CARES Act and quickly became one of the most popular forms of government relief available. The ERTC is a refundable tax credit employers can…
Read MoreCash vs. Accrual Accounting – What Every Business Owner Should Know
Cash vs. Accrual Accounting – What Every Business Owner Should Know When you open your bookkeeping software to generate a report you are presented with several customization options. You can change the period, add comparisons, drag and drop columns. Then there is this one toggle which many know is there but have no idea what…
Read MoreHow Small Businesses Can Obtain Health Coverage
How Small Businesses Can Obtain Health Coverage No one told you how difficult it would be to hire for your business! Especially right now…the market is competitive and employers everywhere are looking for ways to sweeten their offerings. Aside from these efforts, employers are generally looking for better ways to take care of their employees.…
Read More