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Pros & Cons of Outsourcing Payroll

Your business relies on its employees to grow and succeed. You’ve got to be able to calculate tax payments, deductions, and a host of other factors. It’s no wonder that payroll is one of the functions many small businesses outsource. In addition to the risks, we’ll take a look at the benefits of outsourcing payroll.

Payroll providers may offer your business great benefit. Before outsourcing payroll, you need to keep some things in mind:

1.Outsourcing payroll isn’t always beneficial. If you’re in a small business with a fairly stable staff, and if your business is such that you’re not likely to experience significant changes in tax obligations, you might be better off keeping payroll … Read more →

Hitting the Books-Small Business Accounting

Bookkeeping is one of those tasks that small business owners love to hate. It’s a necessary evil; keeping on top of your books provides a number of benefits, but the lure of those benefits often simply doesn’t outweigh the tedium. So, for many small business owners, small business accounting updates happen once a year – in the mad scramble to get your taxes prepared.

Falling behind on your bookkeeping creates a number of problems. You need to understand the consequences of falling behind, and take action today to get on top of your books and stay on top of them.

Here are some reasons you don’t want to get behind on your small business accounting:… Read more →

As a hard-working honest business owner, you do your best to pay your taxes, but no more than you have to. You’re more than willing to pay your fair share, but you also know that you won’t be paying anything if your business isn’t profitable. So, choosing a tax preparer to identify areas of potential savings, and to make sure you’re getting all of the credits and deductions to which you’re entitled is crucial.

Yet sometimes your tax preparer puts you in danger. It could be that they’re being outright dishonest, and providing the IRS with false information. In other cases, it could be a case of simple ignorance or human error.

Tips For Choosing a Tax Preparer

You need … Read more →

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