Understanding Business Taxes

Posted on: 14 November 2017

Owning a business is a dream come true for many people who have always thrived on the freedom of entrepreneurship. However, the sudden success of your business may leave you confused about how to best manage your finances when you have always been more of the creative type. The good news is that there are people who specialize in helping small businesses continue to ride the wave of success, and hiring an accountant can give you these benefits for making sure that your company's finances are in order:
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Posted on: 10 November 2017

If you are worried that you 2017 tax bill is going to be a little larger than you can handle, you can take steps right now to reduce your 2017 tax bill. You need to prioritize your 401(k) contributions, IRA contributions, and tax payments; here's how: #1 Get Your 401(k) Contributions In The first thing you need to do is get your 401(k) contributions in or your 403(b) or 457(b) contributions, depending on the type of retirement plan your workplace has set-up.
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Posted on: 1 November 2017

When you run a small business, with very few employees, it can be easy to mix up your personal finances with your business finances. However, it is important to keep your business finances and your personal finances separate. Here are a few tips for getting your books in order before the end of the year: #1 Set Up Separate Bank Accounts If you are still mixing up your personal and business expenses and income, you need to set up separate bank accounts for your business and for your personal life.
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Posted on: 30 October 2017

Employers that have a few dozen workers may be near the threshold at which health insurance must be provided to employees. The Affordable Care Act (ACA) generally requires employers with 50 or more full-time employees to offer health insurance. For purposes of the ACA, however, the number of part-time and seasonal workers affects the tabulation of full-time workers. Each part-time worker is counted as a partial share of a full-time employee.
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