On February 18, 2021, Governor Evers signed a bill (AB-2) that will conform the State to Federal tax treatment of forgiven PPP loans, among other provisions. What that means is, if it is an eligible expense on the Federal tax return, then it is treated the same on the State tax return. You are now free to categorize your expenses paid with PPP funds as business expenses.
Taxes are an inevitable part of running any business and, as a small business owner, you may find yourself with questions regarding your business’s tax filing. Knowing how to prepare in advance of your tax filing day can ensure you …
With a small business, it’s sometimes difficult to handle all the moving parts in the company. The business can quickly take over your entire life, and you may find yourself spending precious free time doing something to further your company. …
One of the most important parts of a bookkeeper’s job is to track accounting cycles from beginning to end every fiscal year. A bookkeeper must stay organized to avoid errors and make the extensive process significantly easier. There are eight …
Keeping Up With Bookkeeping During Accounting Cycles for Your Business Read more »
Having a clear and reliable payroll is crucial for maintaining employees and growing your small business. How it’s structured impacts everything from your relationship with your employees to your income taxes. Make sure you get started on the right foot …
The Basics of Small Business Payroll Administration Read more »
Everyone knows that time is money, but this holds especially true for small business owners. If you’re looking for one way to maximize your available time and innovate in the New Year, consider outsourcing your payroll. When you let someone …
Every January we hear the phrase, “New Year, New You.” You may have resolved to get healthier or more organized in the New Year, but have you devoted the same attention to your business? Try a business resolution in 2018 …
Bookkeeping isn’t just something for people who love details. It’s an important part of running a company, no matter the size. While large companies can typically hire a bookkeeping specialist, small business owners usually don’t have the financial flexibility to …
5 Tips from Bookkeeping Pros: Keeping good small business records ensures they are readily available and up-to-date for reviewing new opportunities and keep your business running smoothly year-round.
Entrepreneurs are by definition an eclectic, creative breed. Each entrepreneur has his or her own way of tackling accounting. There are many different techniques and tools in accounting for entrepreneurs to choose from, but which techniques are the best? There …
The Most Profitable Accounting Techniques for Startups Read more »