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