Starting a business means learning a new language. Our glossary of terms are the ones you should know before you open your dream business.
185 small business tax deductions & write-offs you cannot take and hot topics such as automobiles, home offices, deducting MBA's and more.
For 401(k) plans, the total annual contribution limit for 2022 is the lesser of $61,000 per employee ($67,500 for age 50 and older) or 100% of their salary. Employer Contributions Because ERISA rules prevent discrimination toward non-highly compensated employees there are rules for matching ...
This is another wonderful tax service for those who don’t need business advisory services or real estate investment support, but from time to time want some love from an experienced tax consultant and business advisor. Have a quick tax question? Need to know the depreciation rules as you buy...
The 401K is a win-win. Americans need more in retirement savings and business owners can use this as a tax break if they contribute. It's super easy and low maintenance, and if someone quits they just take it with them. While it's not a unique or unusual benefit to offer, it's ha...
Be compliant:payroll, HR and health care rules and regulations constantly change. You can’t stay on top of it all—but we do, and we make sure you’re safe. Spend less:our payroll solutions for small business are fully customizable. You only pay for what you need—not what you don’...
If you purchase equipment, furniture, machinery, computers, or other long term assets, they typically have to be depreciated over many years. Using Section 179 and bonus depreciation rules, you can often deduct up to 100% of the cost of these kinds of capital investments in the first year,...
Payroll tax rules can be confusing, so this is a big plus. Most payroll software is cloud-based as opposed to being confined to a single computer. You’ll start by creating an account online, then entering information about your company, like its address, employees, bank account and payroll...
Consider asking your vendor the following questions so that you find the best time clock software for small business: Does the software offer different clocking in/out methods? Does the tool automatically calculate overtime based on predetermined rules? Can employees track time spent on specific task...
Once the plan is established, employers are required to contribute to it each year unless the plan is terminated. However, employers may change their contribution decision between the 2% mandatory contribution and the 3% matching contribution if they follow IRS rules.1 ...