Calculate wages. Withhold taxes. Repeat. That’s the cycle of running payroll for you. But every so often, you’ll get a curveball that changes tax rates. And if an employee earns beyond a certain amount, that curveball is the additional Medicare tax.
Read More The 0.9% Additional Medicare Tax You May Need to Withhold
You’re doing a bank statement reconciliation (aka the process of comparing your bank statement to books) like normal. But, things don’t add up. Suddenly, you realize the discrepancy is because there’s a large charge on your statement … but not in your books. Where’d this come from? I never spent this! And indeed, you haven’t, […]
Read More Business Bank Account Fraud: What to Do If You Notice an Unauthorized Transaction
Want to show your employees you appreciate their hard work throughout the year? You might decide to distribute gift cards to your employees. But before you start doling them out, you need to know …. Are gift cards taxable?
Read More Are Gift Cards Taxable?
Payroll tax in Pennsylvania is notoriously difficult, confusing, and overwhelming for new and veteran employers alike. And when it comes to payroll, you probably don’t want to waste time making preventable payroll mistakes.
Read More The PA Employer’s No-fuss Guide to Payroll Tax in Pennsylvania
It’s no secret that prices are on the rise. Inflation or not, rising costs are common in business. And as an accountant, you likely have partners (e.g., a payroll partner), office space, equipment, and other expenses that are prone to price increases. So, what do you do if you’re hit with a price increase?
Read More 3 Ways to Handle Rising Costs as an Accountant
You’re at the checkout counter, wallet in hand, preparing to pay for your purchase. But before you can, the cashier asks if you’d like to round up or make a donation for charity. Sound familiar? If so, you’re part of the millions of consumers hit with a request for checkout donations.
Read More “Would You Like to Round up for Charity?” 6 Facts to Know About Checkout Donations
Nearly three-quarters of business owners are dealing with rising costs of supplies. To help you pay for higher-than-normal supply prices, you might need to use credit for projects until you get paid. One alternative to racking up liabilities? You can ask customers for an upfront payment.
Read More Upfront Payment: 4 Proven Tips to Boost Your Success Rate Now
There are many laws in the workplace that govern employers and employees. You need to be sure you are in compliance with federal and state laws at all times as a small business owner. One prominent issue today is equal pay between men and women. Federal law and equal pay laws by state aim to […]
Read More Equal Pay Laws by State: Deciphering Laws for Fair Wage Practices across the U.S.
Many businesses use benefits as a way to attract employees. For many employer-sponsored benefits, you can decide to contribute funds. To improve employee retention at your business, and increase your company’s bottom line, you might institute a vesting schedule for your contributions. What is vesting?
Read More What Is Vesting?
Ready to move beyond bookkeeping into a slightly more complex role? If so, you might consider full charge bookkeeping. But, what exactly does a full charge bookkeeper do?
Read More Interested in a Full Charge Bookkeeping Role? Read This