Archive for January 2023

One of the cornerstone activities of every business is the timely and accurate payment of payroll and its related tax and regulatory filings. Whether you do this in-house or use an outside service, it is a good idea to periodically assess how it’s going and whether a change makes sense. Here are some thoughts. Take…

Consider these suggestions for helping to make tax season smooth sailing this year for your small business:

Starting your own business can be equal parts thrilling and intimidating. You can get started with this checklist of items you’ll need to consider as you get started. Determine your activity as a hobby or a business. This may seem basic to some people, but the first thing you’ll have to consider when starting out…

As 2022 winds down, here are some ideas to help you prepare for filing your upcoming tax return and help manage your business. Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TINs) for each of these vendors if you have not already done so. Shifting income and…