Payroll is the great equalizer in business. It doesn’t matter whether you employ one person or 10,000 – the regulations and rules governing payroll are the same. Small business owners who don’t have a payroll expert on staff can easily run afoul of state and federal regulators. Here’s what you might not know. First, state...
You don’t know what tomorrow will bring, so you’ll need to hope for the best and be prepared for the worst. For a self-employed person or business owner, that means planning for what happens if you were to die tomorrow. “It’s a tough subject to talk about, but we bring it up with all our...
Finding the right accountant for your business is essential to your success. The good news: you have a lot of choices. The bad news: you have a lot of choices. Here’s some advice that might help. First, you should know that the term “accountant” isn’t really an indicator of what skills you’ll be hiring. You...
If you’re a small business owner filing a Schedule C, the answer is probably yes. Benjamin Franklin is credited with saying, “In this world, nothing can be said to be certain, except death and taxes.” Taxes are an inevitable part of a small business owner’s responsibility, but you may be paying more than you must...
The fourth quarter is typically a slower time for most business owners. That makes it a great time to focus on what Stephen Covey called “important, but not urgent” tasks. Andrea Bone, CPA, founder and CEO of Accounting and Business Partners, says she schedules end of the year meetings with her clients to take a...
