Resources

Bookkeeper or CPA? Here’s What to Know.

On December 1, 2016, Posted by , In Bookkeeping, By ,, , With Comments Off on Bookkeeper or CPA? Here’s What to Know.

Many small business owners consider hiring a professional to help them understand the financial responsibilities included when owning a business. For many individuals the terms “bookkeeper”, “Accountant”, and “CPA” are interchangeable. However, there is a difference between these positions. Bookkeepers The term “bookkeeper” is a literal one: A bookkeeper keeps…

The Most Common Small Business Tax Audit Triggers

On October 27, 2016, Posted by , In Taxes, By ,, , With Comments Off on The Most Common Small Business Tax Audit Triggers

The IRS uses a computer program called the Discriminate Function System (DIF). This program analyzes returns and will flag anything that is outside statistical norms. If your return receives a high DIF score, an IRS agent will review it and determine if there should be an audit. Luckily, there are…

House Votes for Six Month Delay of Overtime Rule

On October 19, 2016, Posted by , In Business,News, By ,, , With Comments Off on House Votes for Six Month Delay of Overtime Rule

On May 18th the U.S. Department of Labor announced it would expand overtime to an estimated 4.2 million workers. The new rule would cover workers making less than $47,476 per year, and remove previous exemptions in the law. The law was set to take effect on December 1st, 2016. The House of…

Signs That Your Small Business Is Ready to Outsource Payroll

On October 12, 2016, Posted by , In Payroll Services, By ,,,, , With Comments Off on Signs That Your Small Business Is Ready to Outsource Payroll

Processing payroll is simple when you first open your business and your only employee is yourself. However, as you add employees payroll can become a complex and tricky situation. Small businesses can find in-house processing to be an overwhelming and dreaded chore. Not only is there the pressure to pay…

Save Time With These QuickBooks Shortcuts!

On October 5, 2016, Posted by , In Quickbooks, By , , With Comments Off on Save Time With These QuickBooks Shortcuts!

Keeping up with your books doesn’t have to take all day. If you use QuickBooks specifically, then there are numerous shortcuts available for you to utilize. Here are our favorite QuickBooks tricks to save you time! Ctrl+F This opens the “find” window, allowing you to search your entire QuickBooks file…

How Will the New Overtime Rule Impact Your Small Business?

On September 28, 2016, Posted by , In News, With Comments Off on How Will the New Overtime Rule Impact Your Small Business?

On May 18th the U.S. Department of Labor announced it would expand overtime to an estimated 4.2 million workers. The new rule will cover workers making less than $47,476 per year, and remove previous exemptions in the law. Set to take effect on December 1st, 2016, the new law will change…

You’ve Received a Letter From the IRS. Now What?

On September 21, 2016, Posted by , In Taxes, By ,, , With Comments Off on You’ve Received a Letter From the IRS. Now What?

Anytime you receive an envelope from the IRS, chances are your stomach gets in a knot before even opening it. Here are some simple tips to help you get through this legal maze. Don’t panic. Although panicking is usually the first thing done, it shouldn’t be. With millions of individuals…

Employee or Independent Contractor: Why It’s Important

On September 14, 2016, Posted by , In Business,Taxes, By ,,, , With Comments Off on Employee or Independent Contractor: Why It’s Important

Independent contractors and employees are not the same, and knowing the difference is necessary when it comes to how you withhold a variety of taxes. Not being able to tell the difference can lead to costly legal consequences, so we’ve compiled a few tips on how to tell them apart….

How Many of These Entrepreneur Buzzwords Do You Know?

On September 7, 2016, Posted by , In Business, By ,, , With Comments Off on How Many of These Entrepreneur Buzzwords Do You Know?

There is an abundance of buzzwords that will get thrown at you when you start a business. As an entrepreneur, not only is it important for you to be familiar with these key terms, but you should also fully understand them. Here is our list of commonly used business jargon….

Improve Payroll Processing by Focusing on These Four Key Tasks

On September 1, 2016, Posted by , In Payroll Services, By ,, , With Comments Off on Improve Payroll Processing by Focusing on These Four Key Tasks

Managing payroll can be stressful and time consuming, especially if you are relying on outdated methods. Change can be scary, but performing an internal payroll audit to determine what areas need improvement can make a huge difference in your payroll experience. Avoid unnecessary headaches by focusing on updating these four payroll…