First it was COVID shutdowns. Then it was the Ever Green wedged in the Suez Canal (remember that?). Now, it’s a national shortage of truck drivers, warehouse space, and shipping containers … and it’s impacting businesses nationwide. The majority of small business owners report that supply chain disruptions have impacted their business. Has it affected yours? […]
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Guest Author:
Andrew Freiman
California Payroll Tax: What You Need To Know About the Golden State
There are a million things you have to manage when running your business. Whether or not you want to admit it, payroll taxes should be one of your top concerns. Payroll taxes generally include Social Security and Medicare. But, many states have additional taxes that employers need to deduct from employee wages. California payroll tax […]
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How to Start a Family-owned Business: Keeping It in the Family:
It wouldn’t be an understatement to say that family-owned business is synonymous with American business. Eighty-seven percent of American businesses are family owned. You read that right: 87%. That means that family-owned businesses employ a huge portion of the U.S. workforce, 62% to be exact. And to top things off, family-owned businesses make up 64% […]
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Ever Wonder What Is Dropshipping? It Could Be Just What Your Business Needs
Starting a business comes with obstacles that may seem insurmountable. You have to get a storefront, buy and store inventory, and sell and ship that inventory if needed. But, you don’t have to stick to the old ways of doing business if you don’t want to. With a dropshipping business, you can bypass a lot […]
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Can a Tip Reporting Sheet Simplify Your Life? Yes! Here’s How.
Do some or all of your staff make a good deal of their income off of tips? Wait staff, bartenders, and taxi drivers depend on tip income. Just like wages, tips have a few tax-related requirements that come with them. If your employees make more than $20 per month in tips, you may wonder how […]
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Charitable Donation Deduction: What to Do After Giving to Your Favorite Charity
One of the great things about running a business in America is that your business can make tax-deductible donations to your favorite charities. Seventy-six percent of American businesses donate 6% of their profits on average. And, 85% of consumers have a more positive view of companies that donate. If donations are already at the heart […]
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The Gift That Keeps on Giving: How to Track Donations You Receive
If you run a nonprofit, you already know that donations and grants are your bread and butter. You also know just how complicated tracking donations can be. Nonprofit organizations are required to know how to track charitable donations they receive and supply donors with the proper documentation for the donations they’ve made. Read on to […]
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How to Pay Payroll Taxes: A Step-by-step Guide
There are a lot of things to keep track of as a business owner, with payroll taxes being one of them. The IRS requires you to withhold payroll taxes on your employees’ earnings and also contribute payroll taxes. This process can be complicated if you aren’t prepared. Read on to learn the difference between income […]
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Limited Liability: A Shield for Your Business
Running a business is always a risk. The risk of a lawsuit or bankruptcy can scare many would-be business owners before they even get started. These risks don’t have to affect you personally, but they may depending on how you structure your business. Limited liability protects an individual’s assets in the case of a lawsuit […]
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How to Deal with Rude Clients in Your Accounting Practice
We’ve all dealt with upset clients. Some don’t like your advice and others ignore it entirely. Some clients want things done yesterday and others just came to you yesterday and need things done tomorrow. Whatever the case is, rude clients are easy to come by. What can feel hard is conflict resolution with customers. Read […]
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