Do you need to give your employees paid sick leave? Several states have laws requiring it—including Arizona. If you’re an Arizona employer, you need to know your sick time responsibilities to stay compliant. So, are you ready to brush up on Arizona paid sick leave?
Read More Arizona Paid Sick Leave: Accrual Rate and BeyondRachel Blakely-Gray
What to Do When Your Business Runs Out of Money: Effective Strategies
Cash flow problems happen—often. It’s why 82% of small businesses fail. But if you have issues with your cash flow, you’re not doomed to close up shop. Instead, it’s like coming to a fork in the road. Turn right to power through, or turn left to call it quits. To get out of the red, […]
Read More What to Do When Your Business Runs Out of Money: Effective StrategiesNot Another How-to! Client Communication Tips You Haven’t Heard a Million Times
You want to build a relationship with each and every one of your accounting clients. To do that, you need strong client communication. But when you’re juggling dozens or even hundreds of clients, effective communication is easier said than done.
Read More Not Another How-to! Client Communication Tips You Haven’t Heard a Million TimesTax Planning Strategies to Get Tax Time Ready
Tax season sneaks up fast. For many business owners (and individual tax filers!), it’s an overwhelming whirlwind. At the end of it, you may vow to prepare better for next year. And then … whoops! It’s next year already. Kick procrastination and stress to the curb with these tried-and-true tax planning strategies.
Read More Tax Planning Strategies to Get Tax Time ReadyState W-2 Filing Deadlines [+ Chart]
If you’ve had employees for a while, you know the drill. Every year, you must prepare and send Forms W-2 to the proper parties, which typically includes the state. For on-time reporting, you need to know your state W-2 filing deadlines.
Read More State W-2 Filing Deadlines [+ Chart]IRS Audit Triggers—and How to Avoid Them
You have a lot to deal with to keep your company operating. One thing you don’t want to have to handle? An IRS audit. While some audits happen randomly, others trigger from red flags in your records. What are these IRS audit triggers, you ask?
Read More IRS Audit Triggers—and How to Avoid ThemWhat is the Employer Medical Assistance Contribution Tax?
As a small business owner, you need to stay on top of your state-specific employer responsibilities. Because each state has different laws, you may have more tax responsibilities than an employer in another state. If you are an employer in Massachusetts, you might be required to pay the employer medical assistance contribution (EMAC) tax.
Read More What is the Employer Medical Assistance Contribution Tax?How Many Hours Do Business Owners Work? According to Studies, It’s a Lot
Thinking about starting a business but worried about how busy you’ll be? Or, have you already started a business and are wondering how many hours you should be clocking in? Either way, knowing how much other business owners work may be helpful. So, how many hours do business owners work?
Read More How Many Hours Do Business Owners Work? According to Studies, It’s a LotEstimate vs. Invoice: What’s the Difference?
Do you make estimates or invoices for your business? The two terms aren’t interchangeable. In fact, you may need to make both an estimate and invoice for a project. So, what’s the difference between estimate vs. invoice?
Read More Estimate vs. Invoice: What’s the Difference?Simple Recordkeeping for Small Business: Must-have Tips
For 40% of small business owners, handling bookkeeping and taxes is the worst part of owning a business. Sound familiar? If so, you might consider shirking your recordkeeping responsibilities. It’s not a big deal, right? Wrong! Recordkeeping is one of the most important things you can do. And to make things easier on yourself, there […]
Read More Simple Recordkeeping for Small Business: Must-have Tips