Doctors have a lot on their plate—even more so when they own and operate their own medical practice. After a long day of work, the last thing that most physicians want to do is spend time sorting out the financial books for their business. Of course, proper bookkeeping and accounting is absolutely essential to the …
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Successful businesses require the input of an accountant or bookkeeper to manage financial records. Once you realize this, you will also want to know how much bookkeeping services cost to determine what is within your budget. The answer to this question will not always be straightforward since you can hire an in-house employee, a traditional …
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As an owner of a small business, various questions will almost certainly cross your mind. How much am I supposed to pay for the tax? Why am I paying a specific amount of money? Is there a way I can reduce the taxable income? This is normal because the last thing you would want is …
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For an employer, running payroll involves the issuing of checks & direct deposits, the handling of payroll deductions/contributions, and the tracking of expenses. While it can be a frustrating and time-consuming task, payroll is extremely important. Companies that fall behind on their payroll end up facing serious problems, potentially even legal sanctions. Accounting is the …
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For small business owners, dealing with tax issues can be a real headache. As noted by the Internal Revenue Service (IRS), business taxes fit into five broad categories: Income taxes, estimated taxes, self-employment taxes, employment taxes, and excise taxes. Of course, within those categories are many different complex issues. To ensure that your company is …
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On December 21st, 2020, Congress passed a $900 billion COVID-19 relief bill. A week later, the bill was signed into law by President Trump. A comprehensive package, the latest COVID-19 bill includes a new round of Paycheck Protection Program (PPP) loans through the Small Business Administration (SBA). If your business is closed or operations are …
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