Becoming an employer is an exciting time. But, it also comes with a ton of responsibilities, including running payroll, withholding taxes from employee wages, and following oh-so-important workplace laws. But, which workplace and labor laws do your business need to follow?
Read More 7 Workplace Laws You Can’t Afford to Let Slip Your Mind
If you want to take advantage of business deductions before the end of the year, you may decide to prepay some of your expenses. But, hold up! Before you do that, you need to learn about the 12-month rule for prepaid expenses.
Read More 12-Month Rule for Prepaid Expenses: What to Know
S corporations can take advantage of retirement plans. However, there are certain rules you have to follow when it comes to contributions and retirement plans for S corporations. Learn about the various types of retirement plan options for S Corps and how to handle S Corp retirement contributions the right way.
Read More How Do S Corp Retirement Contributions Work?
At some point or another, you may turn to a lender to borrow funds and need to eventually repay them. And when that happens, notes payable come into play. Learn all about notes payable in accounting and recording notes payable in your business’s books.
Read More What Is Notes Payable, and How Do You Record Them in Your Books?
As an accounting professional, it’s your mission to help your clients keep their books as clean and accurate as possible. Well, at a fair and reasonable price, of course. But, how much should a bookkeeper charge for services? We’ll break down the factors that go into cost and averages so you can answer the question, […]
Read More How Much Should I Charge for Bookkeeping Services?
Update! On April 29, 2022, Minnesota signed a Trust Fund Replenishment bill into law, changing the 2022 Special Assessment (Federal Interest Loan Assessment) from 1.80% to 0.00%.
Read More Your Go-to Minnesota Federal Loan Interest Assessment Guide
Want to find a certain product or service’s profitability? Of course you do! To determine how profitable your offerings are and what kind of adjustments your business needs to make to increase earnings, learn how to calculate contribution margin.
Read More How to Find Your Business’s Contribution Margin to Determine Profitability
When it comes to your business, at some point or another you may need to borrow money from investors, lenders, etc. to help grow. One thing they typically look at before shelling out any funds is your financial metrics, like leverage ratios. This article breaks down: Leverage ratio definition 5 leverage ratios to keep in […]
Read More 5 Leverage Ratios You Need to Know
Whether you know it or not, your business likely has a number of stakeholders. But, what are stakeholders? Keep reading, and we’ll give you the scoop on the stakeholder definition, types of stakeholders in business, and more.
Read More What Is a Stakeholder in Business?
When you’re an applicable large employer, you have to follow specific rules. But, how do you know if you’re an applicable large employer? And, which regulations do you have to follow? Welcome to your ultimate applicable large employer guide.
Read More Am I an Applicable Large Employer? Get the Answer With This Guide