It’s a question you may have asked yourself many times… Where’s the money going? Understanding the in’s and out’s of where the money is going–the cash flow–is a common challenge…
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Recent online sales tax trends are taking many ecommerce sellers by surprise and leaving them with hefty, unplanned tax bills. For some business owners, those surprises are breaking the bank….
The Shopify sales tax report can be daunting at first glance. But in this post, we’re going break it down so you can understand it. This sales tax report will help you understand how to identify…
One of the top issues with the Paycheck Protection Program (PPP) was the Internal Revenue Service (IRS) stance that forgiven expenses would not be tax deductible. That has changed as…
Paycheck Protection Program eligible expenses expanded with the signing of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act on December 27, 2020. This will make it much…
The opportunity for business to take a second Paycheck Protection Program (PPP) loan became a possibility on December 27, 2020 with the signing of the Economic Aid to Hard-Hit Small…
The main difference between exempt vs. non-exempt employees is the ability to collect overtime. But knowing which category employees fit into can be confusing. This law is regularly misunderstood by employers….
With a few days left in the year, we’ve created a checklist of key things to do for your year-end accounting. Some of these are simple and some are complex….
We are seeing states become more aggressive around the misclassification of W2 vs 1099 employees. As a small business owner, it’s important to understand the IRS rules behind W2 vs…
Knowing what meals and entertainment deductions you can take can be pretty confusing. What is fully deductible, what is only 50% deductible, and what isn’t deductible at all? And once you know that, how do you tell…
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