With student debt being higher than ever before and a record number of student loans falling into default, it’s become clear that people need assistance with paying down their student loans. No one wants to start their post-education lives…

IRS Form 4562 is used for filing tax returns, it’s an amortization and depreciation form. Depreciation refers to the calculated loss of an asset though its working life span. Amortization refers to an expensive purchase whose costs must be…

IRS Form 1099 is the IRS form for filing taxes. It is used by companies to report payments made other than salaries, regular wages or tips which are reported through W-2 form. The 1099 form is generated by the payer and must be sent to the…

“If we are growing, we’re always going to be out of our comfort zone.” Quoted by John Maxwell This is never more true in the world of businesses. This year you may have planned different growth strategies but pandemic has taken a turn over…

The unanticipated Corona outbreak has left the global economy and businesses in a state of anarchy. While businesses are still trying to figure out the best way to survive during these tough times, a Business Continuity plan can be their b…

Outsourcing your bookkeeping services has never been so accessible and compelling than it is today. The introduction to new technology, cloud computing has changed the way we do business today. The common reason small businesses neglect th…

Small businesses use IRS Form 8941 in order to claim a tax credit for the health insurance premiums they pay for their employees. To qualify for this tax credit, the business must have fewer than 25 employees with an average annual wage ex…

Small Businesses pay 19.8 % taxes on an average depending upon the type of small business. Small businesses with one owner pay 13.3% taxes while with more than one owner pays on an average of 23.6% taxes. According to Small Business Admini…

Payroll compliance is more than just ensuring paychecks come out on time. Cutting checks have become merely the least important job for a professional. These days ensuring the compliance with employment laws and payroll can mean the differ…