Archives for December 2019

In days of old, payroll involved a whole lot of manual calculations on ledgers and employees were all paid in cash. Gradually, as time progressed, pay checks were introduced and workers often waited up to a month to receive their pay. Then, when federal withholding taxes made their merry way into the equation, things got a whole lot more complicated. Of course, today’s payroll system is far more sophisticated and… Read More

When it comes to planning your taxes as a business owner, it always pays to form a game plan for the approaching new tax year to help lessen the impact come April, and here are a few tips for doing exactly that: Register your business as an LLC With the ill-advised assumption that their business is defined as ‘small’, owners often fail to choose the correct corporate entity for their… Read More

There are a variety of ways in which tax professionals set their prices for preparing their clients taxes, and no two will charge the same amount. However, one general rule of thumb is that the more complex the financial situation, the higher the price will be. Here are a few more guidelines to help you better understand how much you should be paying your tax preparer: Pricing methods used by… Read More

Mistakes made during the processing of payroll can be some of the costliest for a company, and when a business struggles to perform its own payroll duties due to lack of training, knowledge or experience, mistakes will almost certainly occur, some of which can result in a loss of finances, not to mention, credibility. One way straightforward and cost-effective solution to this is to outsource payroll to a professional company… Read More