Hiring an Accountant vs. Using Accounting Software
There are many different options for accounting and it can be difficult to decide which is the best for you or your business. You can hire an accountant to do your books or you can use accounting software. Each has its own pros and cons, and it helps to understand...
Tips to Cut Your Tax Bill
This article provides some helpful tips on how you can cut your tax bill by making smart depreciation choices, maxing out your retirement contributions and buying the right items. Saving money is critical for everyone, but if you are self-employed or own a small...
Tips to Find Workers
The Great Resignation and other factors have led to a shortage of workers and business leaders are having to find creative ways to recruit employees. It currently helps to be flexible when looking for workers to keep your business operating at the pace it...
How Working from Home Affects Taxes
The pandemic led to a large number of professionals working from home instead of their office space. Many may be wondering how this will affect their taxes and if they’ll get a tax break. The general thinking could be leaning towards you getting a break as an employee...
Benefits of Paying Taxes Quarterly
Many individuals are familiar with filling out W-4 forms provided by their employers to file taxes. Business owners, self employed individuals and contractors however don’t fill out traditional W-4 forms. They are professionals who might receive income without taxes...
LLC or S Corp. What’s Better for My Business?
Many business owners are usually faced with deciding whether to incorporate as a Limited Liability Company (LLC) or S Corporation (S Corp) due to the nature of their business, ownership, employees etc. It’s advisable to contact an accountant to help you with making...
Managing Your Employees After the Pandemic
Managing Your Employees After the Pandemic The COVID-19 crisis led to many changes in how employees work. Employees had to adjust to new routines and organizations had to make adjustments by providing access to work remotely. With normalcy setting in and the...
How International Taxation Works: Filing International Taxes
For those living and working overseas in a different country, taxation is a different ball game that requires experts who are skilled in international tax planning. The rules and regulations are different and knowing what is required to be in compliance with local and...
Tips to help with your taxes in 2021
Prepare to file your taxes in 2021 with these in mind! Many businesses and families went through unexpected changes in 2020. The effects of the pandemic upended financial plans, forecasts, family plans, business goals and much more. This undoubtedly will have an...
Why You Should Separate Your Personal and Business Finances
When it comes to running a business, it’s important to keep your personal and business finances separated. This reduces accounting and tax problems and makes it much easier to manage your accounting books. Running a business...