Most people know already that if you work from home, you can deduct your office space from your tax return. However, not everyone knows exactly how to deduct their home office space, or what qualifies the office space for the deduction. If you run an e-commerce business, there’s additional things that you may need to […]
Tax and Accounting
8 Important e-File Tips for Form 941
When people think about October, they usually think about the barrage of beasts, ghosts, and witches that invade city streets and delight passersby with colorful promises of delicious tricks and treats. But for small business owners, the month can be more macabre than merry thanks to complex and time-consuming payroll-tax forms (such as Form 941) […]
3 Timesaving Tips to Help Keep Your Books in Order
As anyone who runs a small business can tell you, one of the most time-consuming parts of keeping things organized is bookkeeping. Just keeping track of everything can be an enormous task as your business begins to grow. And if you don’t keep careful track of every part of your business, you may find yourself […]
How to File Schedule B for Form 941
Starting your own business and hiring employees means dipping your feet into the deep, dark pool of payroll tax filing. Making a filing mistake that may lead to extra penalties and fees is daunting to think about. However, knowing which forms you’re required to file and when they apply is a big part of getting things right, […]
5 Steps for Choosing the Right Construction Payroll Provider
There is no question that payroll is one of the most important aspects of a construction business that needs to be managed effectively. The sheer size of construction projects, as well as a slew of tax regulations, make construction payroll a complex process. Plus, with a large workforce, payroll can be time-consuming and stressful. A […]
Paying Employees in Canada and the US: What You Need to Know
Though Canada and the US share one of the largest geographic borders in the world, there are some stark differences between the two countries—especially when it comes to the regulations related to paying employees. Curious about what makes them the same or different? Do you have or plan on having American employees working for your […]
A Guide to Small Business Accounting Reports
We live in the age of “big data,” when businesses are expected to do all sorts of number crunching calisthenics to analyze performance, predict results, and improve on success. The volume of data that financial reporting generates daily can overwhelm many small business owners and send them screaming for the nearest paper shredder. But amid […]
Time Tracking for Construction, Trade, and Field Workers
Having simple, straightforward tools is always a great way to stay organized and save time. But if you’re one of the many types of businesses that has more complicated processes, sometimes the simple tools don’t do the trick. When it comes to time tracking and payroll, you need to be able to accurately monitor and […]
What Are the Different Types of Accounting?
If you ask small business owners to identify the different types of accounting, they’ll more than likely name the two methods of accounting they choose from in order to operate their business: cash or accrual accounting. What they may not realize is that these are just the primary accounting methods in one broader type of […]
Small Business Recordkeeping 101
Maintaining business records is a must for any small business. Keeping good records ensures that your business runs smoothly and efficiently, and that you’re prepared when tax time rolls around. Many businesses have experienced crippling issues that compromise business success when they ignore basic recordkeeping practices. Here’s a primer on small business recordkeeping and why […]
