With Covid-19 and its effects still looming, many Americans are hesitant to return to work, even if given the option. However there are others that have never stopped going to the office every day, or have had to go back because their business depends on...
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Are you thinking about starting your own business, but you're not sure what type of company to start? You have several options, and here we’ll focus on the LLC vs. INC. On one hand, an LLC gives you the ability to have complete control over...
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Put simply, payroll taxes include the employer and employee shares of Social Security and Medicare taxes that are owed to the U.S. Government. A percentage is taken out of every American’s paycheck, and the amount is primarily based on full-time/part-time salaries, any tips that are...
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Many small businesses have struggled to stay afloat during the COVID-19 pandemic, and some were even forced to close. For the businesses that continue, life will never be the same. We have seen unprecedented changes during this pandemic; grocery stores were out of necessities and fresh...
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It feels as if everything is changing due to the coronavirus pandemic; events are canceled, stores are closing, schooling is different, and now, your taxes may be changing as well. While many organizations continued to work from their office locations throughout the pandemic, or closed...
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Businesses are always looking for ways to cut costs, especially during these uncertain times. Every little bit counts when it comes to taxes. Did you know there are several techniques that your small business can use in order to save money? Here are 5 lesser...
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The distinction between employees and independent contractors is important when it comes to taxes, as it determines how the person is paid by their employer and where their taxes are allocated. However before we dig into the tax distinction, it’s important to define what it...
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The Paycheck Protection Program (PPP) provided a financial safety net for small businesses across the country impacted by COVID-19. The program was able to pull many small businesses out of debt, or at least help keep them afloat. There are still a lot of questions associated...
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The pandemic has had a global impact on business finances, and many companies are facing challenges they never anticipated. It’s forced businesses to take a step back, re-prioritize, and learn to be adaptable and flexible in uncertain times. If you’re struggling to navigate these uncharted...
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Small business owners aren’t always keen on the idea of a financial audit. Sometimes it feels like ignorance is bliss, but financial audits aren’t something to put off. While an IRS audit can be stressful, an internal audit or an audit conducted by a third...
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