Managing a small business involves juggling many responsibilities, and payroll taxes often get overlooked. Unfortunately, failing to handle payroll taxes properly is a common mistake that can lead to significant financial and legal issues. What Are Payroll Taxes? Payroll taxes include federal income tax withholding, Social Security and Medicare taxes (FICA), unemployment taxes, and state […]
Give Your Finances a Quick Once – Over with QuickBooks Online
Got 15 minutes? That’s all it should take to log into QuickBooks Online and get a quick read on the state of your finances. How does QuickBooks Online fit into your normal workday? Do you only log in when you have to send an invoice or record a payment, for example? Do you save up […]
Can I Still File Taxes Without My W-2 or 1099?
Filing taxes can be stressful, and it’s even more challenging if you’re missing key documents like your W-2 or 1099. These forms report your income and are essential for filing your taxes correctly. But what happens if you don’t have them by tax time? Can you still file your taxes without them? The good news […]
Weighing Your Options: Promoting vs Hiring Externally
It’s a quite common dilemma to figure out if you need to hire externally or promote from within to see improvement with your business. There are benefits to both. We will now go over the pros and cons to each side. Hiring Externally Pros Can help a company gain new perspectives – Oftentimes, hiring a new […]
An HSA Can Also Be Used to Save for Retirement
Health savings accounts (HSAs) were created as a savings vehicle to help people pay out-of-pocket medical expenses. If qualified, you can establish an HSA in much the same way you establish a traditional savings account or an individual retirement account. You can open one with a lump-sum payment or through regular contributions, usually through paycheck […]
Projects That Add to the Value of Your Home
You only have to look at the number of home remodeling shows on television to understand just how many people enjoy watching others upgrade their living spaces. These popular home remodeling shows have inspired many people to try their own hands at various remodeling projects. If you are interested in having work done on your […]