Accounting, Bookkeeping, & Tax Blog

By strategically structuring income, you can potentially reduce your tax bill by thousands each year. But there’s a catch: the IRS requires that shareholde [...]

An S corp allows owner-employees to split income between salary and distributions. Salaries are still subject to payroll taxes, but distributions generally [...]

Introduced under the Tax Cuts and Jobs Act of 2017, it allows eligible taxpayers to deduct up to 20% of their QBI component, reducing taxable income and po [...]

The general ledger is the master record of every financial transaction you make as part of your business. Every time money changes hands, there should be a [...]

Bench doesn’t include payroll, tax filing, or year-round advisory support, which can leave significant gaps that cause problems during tax season and throu [...]

Whether you're considering hiring employees or have already extended job offers, it's essential to understand your payroll obligations, which include payro [...]

Converting your California small business entity to an S corporation is a great decision that provides numerous advantages, but it requires more formalitie [...]

Evolving tax laws, stricter payroll compliance, and ongoing reporting requirements make bookkeeping a mission-critical function for entrepreneurs and owner [...]

Many small business owners are surprised to discover that their tax bill doesn’t always match the cash they received. If you’re a partner in a partnership [...]