Independent Contractors versus Employees: What Business Owners Need to Know
Your business is booming and it’s finally time to recruit additional help. As a small business owner, it can be a challenge to go about expanding your team. Should you seek to bring on an independent contractor or an employee? Here we highlight some of the differences between the two and why it matters. Independent […]
Demystifying the Business Plan
Creating a detailed business plan is one of the most important things you can do for your business — and it is essential to do it right. What is a business plan? A business plan is a document that outlines your business’s mission, structure, goals and plans. According to the Small Business Administration, there are two […]
What is and isn’t a deductible business expense
For many business owners, tax season is a stressful time. There’s a delicate balance between making sure you receive all possible deductions to optimize your tax bill and going too far and misunderstanding what qualifies as deductible business expenses. Read on to learn how eligible business expenses can save you money when filing your tax […]
How to Prepare for a Loan Application
Ready to start or expand your business? A loan can give you the financial capital you need to help establish and grow your business, but getting one can be a complex process. Read on to learn what you need to do to make the process as painless and successful as possible. Make sure a loan […]
Considering Hiring An Accountant? Here Are 3 Reasons Why You Should
As one year comes to an end and the promise of a fresh, new start is just around the corner, now is the perfect time to plan big for your business in the new year. Your list of business goals for 2022 may include growing sales, hiring new employees, expanding your services, or taking on […]
5 Ways to Start Fresh with Business Bookkeeping in 2022
A new year is upon us which means now is the perfect excuse to start fresh and get organized for the next 12 months. If your business is in need of some changes, start fresh in January and begin reflecting on where adjustments need to be made in your business now. Take the time as […]
Tips On Preparing For Year-End Tax Planning
As another year is drawing to a close, tax season is just around the corner. To help you get everything in order for the new year, we’re sharing some helpful tips and information to get you organized with year-end planning. Year-End Tax Planning Resources To Consider Invest in retirement accounts Consider investing in an IRA. […]
PA Sales and Use Tax: What You Need To Know
Many small businesses understand that Pennsylvania has a sales and use tax, but the use tax portion of the law isn’t always understood. As collecting use tax is becoming more important to the Department of Revenue, it’s vital that every small business reports and pays use tax correctly. How do you do that? We’re sharing […]
How To Know What Legal Structure Is Right For You
Starting a business is an exciting process, but there is no doubt that a lot of information can quickly overwhelm business owners. In the first steps of getting started, registering your business as a legal entity is required, but with multiple options available, knowing which is right for your business isn’t always easy. When it […]
5 Things to Consider When Making an Acquisition
Are you considering the idea of acquiring another business in the future? If so, there are some things you should consider before jumping right in. Beyond the obvious things like budgets, services, and employees, you should take a full look at the entirety of acquisitions and mergers. As Acquisition Assistants, Gift CPA supports businesses looking […]