Payroll

/Tag:Payroll

The 4 Choices a Small Business Owner Has When Their Business is No Longer a Side Business

By | March 23rd, 2017|Categories: Editorial Commentary, Small Business Tax and Accounting|Tags: , , , |

Many of the business clients I work with are either side businesses, or side businesses that are turning into "real" businesses. I've written before about the struggle of taking a side business and turning it into something more. Today, I'm going to write about the choices a business owner has with their side business when they [...]

Comments Off on The 4 Choices a Small Business Owner Has When Their Business is No Longer a Side Business

When Do I Have to Give Someone a 1099-MISC?

By | November 29th, 2016|Categories: Small Business Tax and Accounting|Tags: , |

Here’s a question from one of my business clients who’s new to business ownership: What is the amount of money we can pay someone that we can still write off as an expense but not have to file withholding? I heard $800 from someone but that's hearsay.

Comments Off on When Do I Have to Give Someone a 1099-MISC?

Payroll Penalties are Almost Impossible to Get Rid Of

By | August 25th, 2016|Categories: Small Business Tax and Accounting|Tags: , |

Not only do I tell my clients that payroll is a big deal, I also tell them the following: the payroll system is designed to screw you over for committing foot faults. The penalties are almost impossible to get waived.

Things a Business Owner Needs to Know Before Hiring Employees

By | August 27th, 2015|Categories: Small Business Tax and Accounting|Tags: , , |

There are many things a small business owner needs to know before they hire their first employee.