The holiday season is full of obligations. In the midst of the present buying, Christmas caroling, and tree trimming, make sure you don’t forget about your year-end accounting. Closing the books at the year’s end is an integral part of running a business. Year-end accounting is your way of making sure your business finances are […]
Tax and Accounting
9 Accounting Best Practices for Truckers
Learning to keep track of your books is important for any business owner. Sound financial information makes it possible for them to accurately maintain their books, file their taxes, and make business decisions. There is a lot of work that goes into maintaining your books and keeping track of your accounts. If you don’t organize […]
3 Expert Tips to Prevent Your Business from Going into Administration
If you’re worried that your business might be on the brink of administration, or you’d like to prevent the unspeakable from ever happening, then you’re in the right place. Here at SmallBizClub, we’re passionate about supporting businesses like yours through the good times and the bad times! The insolvency process is something no business owner […]
Applying the Home Office Deduction to an E-Commerce Business
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 […]
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 […]
