The Employee Retention Credit (ERC) was included as part of the CARES Act of 2020. It encouraged business owners to keep employees on the payroll by providing them with a refundable tax credit for eligible employee wages paid. This credit was available in both 2020...
Many companies take a reactive approach to taxes: You fill out your return, pay what you owe (or collect your refund), then do the same thing again next year. However, this passive strategy can actually cost you thousands more in taxes over the years. That’s why we...
When you’re just starting out with building your business, it’s not uncommon to manage your own accounts. After all, when you’re the only employee, you only have a handful of clients paying you each month, and you only have one account to keep track of, bookkeeping...
Business owners often have to drive to meet with clients, attend networking conventions, and perform other important tasks to help their business grow and thrive. Of course, it’s no secret that driving can cost you a great deal of money; not only is there the cost of...
The holiday season is also the season of giving, and many businesses often get into the holiday spirit along with everyone else. Determining what causes to give to and how much you can donate can be difficult, but it’s also important to keep in mind that your company...
As the year draws to a close, business owners have some important financial decisions they’ll need to make. These decisions can impact not only your taxes for the year, but your entire financial outlook. It’s important to carefully consider your financial options and...
