As a small business owner, I know firsthand the complexities that come with managing finances. One area that often presents a unique set of challenges is payroll. Whether you're just starting your venture or looking for ways to streamline your payroll processes, this blog will guide you through the challenges you might face and offer practical solutions to ensure smooth payroll management for your small business.
 

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Filing taxes on time is essential to stay on the right side of the Internal Revenue Service (IRS). But, every now and then, amendments to the tax code can favorably or adversely affect your financial position depending on your unique situation. Therefore, it’s essential to work with a professional that stays on top of the latest tax laws and can help you move forward.

As a small business owner, ensuring that every element of your business works efficiently is crucial. However, you don’t have to oversee everything yourself for your firm to run smoothly. This is especially true when it comes to administrative and accounting tasks. While these are essential elements of running a business, they can get perplexing. This is essentially the case with managing and maintaining payroll-related tasks. As a result, working with a payroll service provider can help you manage and streamline payroll-related tasks, meet regulations, and maintain employer compliance and save your business from fines and fees.

Original Article Source Credits: investopedia, https://www.investopedia.com 

Article Written By:  AMY FONTINELLE 

Original Article Posted on:  Feb 4, 2021

Link to Original Article: https://www.investopedia.com/articles/tax/09/self-employed-tax-deductions.asp

Original Article Source Credits: CPA practiceadvisor, https://www.cpapracticeadvisor.com

Article Written By: NA

Original Article Posted on: Jan 27th, 2021

Link to Original Article: https://www.cpapracticeadvisor.com/tax-compliance/news/21207772/8-tax-tips-for-2021 

Original Article Source Credits: IRS, https://www.irs.gov

Article Written By: NA

Original Article Posted on: January 28, 2021  

Link to Original Article: https://www.irs.gov/newsroom/2021-tax-filing-season-set-to-begin-february-12

The coronavirus relief bill passed by Congress includes many tax provisions, including the extension of various expiring provisions, extensions and expansions of certain earlier pandemic tax relief provisions, and much more.

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  November 4, 2020

Link to Original Article:  https://www.irs.gov/newsroom/irs-makes-it-easier-to-set-up-payment-agreements-offers-other-relief-to-taxpayers-struggling-with-tax-debts

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Beverly Bird

Original Article Posted on:  September 17, 2020

Link to Original Article:  https://www.thebalance.com/tax-preparation-fees-deduction-3192843

Original Article Source Credits:  CPA Practice Advisor , https://www.cpapracticeadvisor.com/

Article Written By:  NA

Original Article Posted on:  Sep 16th, 2020

Link to Original Article:  https://www.cpapracticeadvisor.com/tax-compliance/news/21154482/the-tax-blotter-sept-2020

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Kelly Phillips Erb

Original Article Posted on:  Aug 20, 2020

Link to Original Article:  https://www.forbes.com/sites/kellyphillipserb/2020/08/20/irs-releases-draft-form-1040-heres-whats-new-for-2020/#5ee05a193356

On August 28, 2020 the Treasury Department and the Internal Revenue Service released guidance on the payroll tax deferral that was ordered by President Donald Trump in a presidential memorandum on August 8th. 

Whether you’re a business, corporation, or individual (above the age of eighteen), paying taxes to the government is mandatory. To ensure your tax filing process is efficient, you must practice sound bookkeeping. However, if you lack expertise in bookkeeping and tax filing, it’s essential to enlist a professional to handle these processes.

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