Articles About Bookkeeping, Payroll and Business

How much money will it take to start your new small business? Calculating the startup costs for your small business can be challenging. These numbers are essential to request funding to attract investors, and estimate a return on your investment. Here’s what you need to know. Figure out your costs before you launch that new…

Do you manage the payroll in your business in-house? Your Upper Valley Business Payroll just might be costing you more than you realize. There are hidden costs from employee productivity to IRS penalties that eat away at your profitability. Here are some tips to save you time and money and massive headaches on your Upper…

Even is you are aware of most of the features in Quick books Online, it can be tough to track everything during a busy season of bookkeeping. Intuit heard the feedback from Accountants and responded to make QBO more user friendly. Here are some of the latest and upcoming changes to Quick Books Online to…

What happens when you bookkeeper of 20 years moves or retires or takes a new job? Now, you have to hire a new accountant to manage your books and payroll. There will naturally be a learning curve for any new bookkeeper to manage your books and payroll. That brings us to the question that many…

Each year we come to the end of the year and the IRS (Internal Revenue Service) comes out with the next years mileage rate. The 2021 IRS business mileage rate will go into effect January 1, 2021. The IRS business mileage standard rate offers U.S. employers a tax-free threshold for their reimbursements. This is important because, in…

Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A – for tax years beginning after December 31, 2017. The deduction allows eligible taxpayers to deduct up to 20 percent of their qualified business income (QBI), plus…

Let’s paint the picture of what really happens with time sheets. It’s 8:05 am, your employee Dan just got to work and are settling in at their desk. Fast forward to Thursday evening when that same employee hands in his time card. He wrote down 8:00 am and 5:00 pm on the time card even…

If you are an online business owner, then you will understand how important it is to provide support to your customers when shopping online with your business. With every major tech company providing solutions for online payment purchases, it has never been easier to start accepting payments online. There literally are hundreds of online payment…

Good news to all those that accepted Payroll Protection Monies. The SBA has opened its portal and lenders begin to accept forgiveness appliations. The review process will certainly uncover more potential fraud. Here’s how to be aware and help prevent the issue. As we know the Paycheck Protection Program (PPP) has provided much needed funds…

This year has been a challenge for many small business owners. One of the greatest struggles is hiring new employees. Some companies are bringing on new employees to fill the void of employees that have left due to COVID-19. This has been an element of confusion and fear with the onboarding process and talent acquisition…

If you were one of the millions of businesses approved for SBA Paycheck Protection Program (PPP) loans, your next step is applying for loan forgiveness. We’ve compiled the information available based on the latest guidelines from the SBA and the U.S. Department of the Treasury. Check back here often for updates, as the guidance is subject to change regularly. You…

Many of your clients are thinking about reopening. With them reopening there may be some anxiety about what to expect when they reopen. Although we can’t solve every problem we face because some problems are bigger than us. Here are a few steps to help your clients navigate reopen. Help Them See The Whole Picture…