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The 2017 Tax Cuts and Jobs Act made several changes to the tax code, altering rates and changing rules for deductions. These changes may mean you need to update your withholding amount. Find out how to check your status using a simple online tool.
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Most small businesses know and understand the sales tax portion of the law, but not the use tax. Find out everything you need to know about the PA sales and use tax now.
Your company may be eligible to benefit from the Pennsylvania Department of Community and Economic Development (DCED) Educational Improvement Tax Credit (EITC) program. Find out more about the EITC program details now!
Welcome to the ‘Sam’s Story’ series, where we cover common accounting topics in a real-world scenario. This week we’re talking about fixed asset depreciation! Sam’s Story Recap If you haven’t read any of our previous Sam’s Story articles, catch up on them now! Sam’s Story Part One: Selecting a Business Entity for a New Business …
Continue reading “Sam’s Story Part Five: Fixed Asset Depreciation in Accounting”
Welcome to the ‘Sam’s Story’ series, where we cover common accounting topics in a real-world scenario. This week we’re talking about whether you should lease or buy a car for small business owners. Sam’s Story Recap If you haven’t read any of our previous Sam’s Story articles, catch up on them now! Sam’s Story Part …
Continue reading “Sam’s Story Part Four: Lease or Buy a Car for Your Small Business”
Do you have time left in the day to focus on truly growing your business? If not, then you’re missing an opportunity to outsource the tasks that are taking your time away from your core competencies. Discover the five major pros of outsourcing for any small business below. What is Outsourcing? Investopedia defines outsourcing as, …
Continue reading “The 5 Major Pros of Outsourcing Small Business Services”
Welcome to the ‘Sam’s Story’ series, where we cover common accounting topics in a real-world scenario. This week we’re talking about subcontractor vs employee status, which category Sam’s staff fits into, and the options he has when it comes to processing payroll. Sam’s Story Recap If you haven’t read any of our previous Sam’s Story …
Continue reading “Sam’s Story Part Three: Subcontractor or Employee?”
Welcome to the ‘Sam’s Story’ series, where we cover common accounting topics in a real-world scenario. This week we’re talking accrual vs cash accounting and what day-to-day bookkeeping options are available to a business. Sam’s Story Recap Sam’s Story Part One: Selecting a Business Entity for a New Business Sam decided to open a new …
Continue reading “Sam’s Story Part Two: Accrual vs Cash Accounting”
It’s almost tax season! This time of year can be overwhelming for employers, especially small business owners. One of the major questions we are asked each year is how to fill out a W2 for your employees. Get all the details below so that you can make sure that you fill out the W2 correctly for your employees.