Bookkeeping has several benefits for small business owners. It can help you track your company’s profits or losses, and it can also help you remain organized. Thorough bookkeeping comes in handy if the IRS audits your company. If you are interested in bookkeeping, you’ll need to first know why it is important and you’ll need […]
Hiring and retaining quality employees should be a core concern for any company. As the workforce shifts and unemployment drops, it’s especially important to consider both the wages and perks your business offers. Traditional business practices may not do the job anymore. With millennials now comprising a majority of young workers, it’s worth taking a […]
As the #MeToo movement sweeps the nation, and more people in positions of power are accused of sexual harassment or worse, businesses have had to sit up and take notice. Clearly, there are reputation risks for prominent companies whose executives or managers are singled out as harassers. But just because your business is small, it […]
By now, businesses have begun to feel the effect of the Tax Cuts and Jobs Act. With the corporate tax rate at 21%, and eligible pass-through entities able to deduct 20% in business income from their personal taxes, businesses big and small are finding themselves with more cash on hand than previously. But what to […]
The logistics of running a small business can eat up a lot of your time. Seemingly simple tasks, like tracking mileage and invoicing, can often keep you working late into the night and on weekends. That’s time you could be spending focusing on your clients or customers, being with your family, or just taking a […]
Forming a corporation can be an exciting time in the life of a business. It can also be lots of work. In order to become a corporation, your business will need to file documentation in the state of your choosing. You can file documentation for your corporation in any state you want. Some states have […]
Don’t have time for keeping the books on your business? Better think again. Practicing good bookkeeping can make all the difference between a business that succeeds and one that flounders in the doldrums. Here’s how solid bookkeeping practices can help your business realize solid finances year after year. Solid Bookkeeping Keeps Your Business On Track […]
So you’re starting your own business and contemplating which business structure to give it. One way to make this determination is to think about the relationship you want to have with your business partners, investors, employees, vendors and, perhaps most importantly, customers (or clients). Here are some basics to help you make that decision, depending […]
1-800Accountant CEO Michael Savage has received a 2018 Glassdoor Employees’ Choice Award honoring the Top CEOs in the category of small and medium-size businesses (SMB) in the U.S. Glassdoor, one of the world’s largest job and recruiting sites, annually recognizes CEOs rated highly by employees. Savage received an impressive 96% approval rating based on the […]
It’s now been about six months since President Trump signed into law the landmark Tax Cuts and Jobs Act (TCJA) of 2017. With one tax season having come and gone, business owners are beginning to understand some ways the new law is affecting their businesses. Here are three ways the TCJA may be having an […]