Cash flow is one of the factors in a business that gets overlooked the most, but it also happens to be one of the most important factors in a business. Cash flow maintenance is more than knowing how much money is being earned and spent, and it does not matter how close your business is [...]
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both [...]
Many people dream of starting a small business. This is a dream that can become a reality, or—as happens to about 33% of prospective business owners, according to the Small Business Administration – it can result in dismal failure within two years. There’s no magic-bullet solution to ensure a successful business, but if you don’t [...]
If you have started a new business, you will need to know more than just ten things about taxes. A CPA or tax advisor can keep you and your business on track and educate you about what you need to do to report income and file your taxes properly. If you start with these ten [...]
Regardless of if you're a new business owner or have a lot of experience, keeping track of all the company's expenses is very important. Aside from having bills to pay, you'll also have to make several important payments during tax time. While it's not something anyone looks forward to, paying for business expenses has to [...]
As your business grows over time you will probably want to expand and hire people for different roles. Luckily there are many options available for companies who need to find talented workers. As an employer, there are two main types of workers: employees and independent contractors. What's the difference you ask? For a new business, [...]
If you've just started a new business, you may wonder what you need to know about taxes. Here's the information you need for income, sales, state, and payroll taxes. Income Taxes As a small business owner, you may be surprised to learn the IRS has recently, frequently targeted small businesses for audits, according to Quickbooks. [...]
