by Katie Baker | Apr 13, 2021 | Business, COVID-19
According to CPA Practice Advisor, Charles Schwab did a survey called, 2020 Modern Wealth Survey, in which they analyzed the wealth, spending, saving, and investing of Americans. They surveyed 1,000 people in January of 2020 and then again in June of 2020, which gives...
by Katie Baker | Apr 9, 2021 | Business
When you began running your business, you likely put a lot of thought and effort into your rates, taking into account your overhead, the time it would take you to complete certain services, marketing costs, outsourcing or paying your team, and many other factors that...
by Katie Baker | Apr 8, 2021 | Business, Payroll, Taxes
https://youtu.be/cPFl1gmctPI Are you an employer that allowed your workers to defer their payroll taxes in 2020 into the year 2021? Or are you an employee whose employer allowed you to defer these amounts and you’re wondering now when those taxes need to be...
by Katie Baker | Apr 6, 2021 | Business
2020 brought many regulatory changes that affected small and large businesses alike, and the new year promises to be no different. From the ongoing Coronavirus crisis to the change in leadership at the presidential level, 2021 will likely see a slew of policy changes...
by Katie Baker | Apr 2, 2021 | Business
Since an estimated 40% of what we do every day is done out of habit, creating routines to enhance our daily lives and work productivity is key. According to Life Savvy, there are a few best practices you can leverage to develop good habits. In today’s article, we will...
by Katie Baker | Apr 1, 2021 | Business
Are you an entrepreneur that will be selling a business or even working into it until the last day you’re on the planet? Have you thought about what you’ll do when the time comes to exit the business? It’s important to start planning years...
by Katie Baker | Mar 30, 2021 | Business, Payroll
The Families First Coronavirus Relief Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act had profound effects on payroll professionals. Now, as companies begin to close out their 2020 fiscal year and structure their finances for 2021, there...
by Katie Baker | Mar 26, 2021 | Business, Taxes
As you prepare your 2020 tax return, you’ll likely be looking to reduce your tax liability with any deductions and/or credits for which your business is eligible. According to CPA Practice Advisor, there are several payroll tax-saving opportunities you may wish to...
by Katie Baker | Mar 25, 2021 | Business, COVID-19
COVID-19 has had a serious impact on cashflow for many business owners. And they have had to put off paying some operating expenses. However, payroll taxes and sales taxes are considered trust funds and should continue to be paid unless they have the deferral...
by Katie Baker | Mar 23, 2021 | Business, COVID-19, Taxes
On December 21, 2020, both houses of Congress passed a bill known as The Consolidated Appropriations Act of 2021. The Act, which went into effect six days later on December 27th, included a highly anticipated stimulus package to aid individuals and businesses during...
