1-800Accountant Blog

make-payroll-more-efficient

5 Tips to Make Payroll More Efficient

When it comes to running a small business, there’s one crucial aspect that you need to figure out — especially if you have employees. After all, payroll determines how you and your staff get paid! There are tips you can implement to make payroll more efficient. There are also strategies you can use to streamline […]

audit-defense-for-business

What Can Audit Defense Do for You and Your Business?

The IRS audits small businesses every tax year for different reasons. The audit process is simple for some companies, but other audits can be a lot more serious and thorough. Business audits can vary in depth and severity, so you’ll want to know how you can best prepare yourself. You have the right to know […]

irs-one-time-forgiveness

What Is IRS One-Time Forgiveness?

Did you get hit with some unexpected IRS tax penalties? If you’re in a financial bind and you meet specific criteria, the IRS has options to help you. One-time forgiveness allows certain taxpayers to explain how they may have made errors in their tax filing that resulted in penalties and fees and receive forgiveness.  The […]

how-will-my-side-hustle-affect-my-taxes

How Will My Side Hustle Affect My Taxes?

It’s the age of the gig economy. It’s not unusual for people to work multiple jobs and have a variety of income streams. Perhaps you spend most of your time working with an employer, but you’ve got a side hustle to generate more income.  There’s nothing wrong with working on a side hustle to augment […]

freelancers-should-do-these-things-2021

6 Things Freelancers Should Do Before the End of 2021

The end of the year is a crucial time for organizing your finances and assessing the state of your work. Despite the holiday rush, December is the perfect time for reflection on the past year and planning for the year to come. On top of the regular planning, reviewing, and other things freelancers should do, there […]

tax-bracket

What Is a Tax Bracket?

Tax law is the most complicated body of law in the United States. Federal income tax is one of the foundational taxes that affects everyone, every individual, and every business. You can’t escape it if you live and work in the United States.  Everyone knows a little about income taxes, but there are many misconceptions […]

freelance-bookkeeping

Crash Course: Bookkeeping for Freelancers

Employees can essentially trust their employers to handle much of the regular work of bookkeeping for them. Their employer keeps track of their income, withholds wages to pay taxes, and then sends regular reports on all of that.  Freelancers, on the other hand, are on their own. That’s why bookkeeping for freelancers is critical, even […]