Category Archives: Accounting Tips
Classify Your Employee Status Correctly
Classify Your Employee Status Correctly Companies tend to have full-time staff, part-time staff, contract workers, or a combination of all three. Properly classifying employees and ensuring that they remain compliant with federal and state tax rules is crucial to avoid … Continue reading
Use Section 179 to Decrease Taxes in the Short-term
Use Section 179 to Decrease Taxes in the Short-term Normally, when filing taxes, you depreciate the cost of an asset annually, during the useful life of that asset. Section 179, a tax deduction in the IRS tax code, allows you … Continue reading
Set a specific time each week for a bookkeeping appointment, to ensure your bookkeeping stays current
Set a specific time each week for a bookkeeping appointment, to ensure your bookkeeping stays current Some business owners get behind on categorizing the transactions in Quick Books. If you wait too long, you run the risk of forgetting what … Continue reading