Heyer Inc | Accounting and Tax Blog

There is a mindboggling array of tax deductions that small businesses may be entitled to and whittling down the ones that might apply to you and your business, can be tricky. This list of deductions is designed to help you understand which ones you might be entitled to, but you should always check with a tax professional if you’re unsure: Vehicle expenses: Keeping records of work-related journeys made by your… Read More

President Trumps shake up of US tax laws is certain to affect you in some way, but the full depth of the reforms, are not yet fully understood – even by tax professionals – and just how the changes will affect individuals, is still unclear. The new laws will be applicable to 2018’s taxes, and as the new bills are passed and become laws, here are a few things that… Read More

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