Tax challenges can be VERY expensive. As a small business owner, you may face the issue of whether to classify workers as employees or as independent contractors. Classifying your workers as independent contractors generally saves you money. That’s because you avoid paying employment taxes and benefits on their behalf.
Here’s a look at the new world of bank reconciliations and some ideas to use to ensure your bank account is accurate.
With the April 15 tax filing deadline right around the corner, here are answers to some common tax questions.
When it comes to financial planning, women are likely to face different challenges than men. For one, they earn less than men on average, and
When you’re in a traffic jam on the highway, you may find yourself trying to merge into whichever lane is moving fastest at the moment,
We hope you are doing well. Here is a recap of market performance for the month of February and year-to-date: Stocks increased during the month of February. US small stocks performed best, followed by US large cap and international stocks. Bonds, however, have lost money both for the month and the year, as interest rates continued to rise.
Many business owners hire their children, their spouse, or other family members to work in their business. Sometimes this works out well. Other times it causes problems. Let’s look at the pros and cons of putting family members on your payroll.
The Problem – You hang up the phone with a huge smile on your face. You just learned that you’re getting a pretty sizeable tax refund this year. Now all you need to do is kick back and wait a week or two for the IRS
