January is here already (!) and it’s time once again to prepare Form 1099-MISC’s before the January 31, 2019 deadline. Using QB’s desktop here is the answer to the important question, “how do I run a 1099 report in Quickbooks?” How to find and produce 1099 reports in Quickbooks Here’s how to get the report… Read more about How Do I Run a 1099 Report in Quickbooks?
Every job has its perks. If you run a restaurant, for example, it may be expected that you provide some sort of employee meal policy. There are several benefits to these plans, but there are also costs associated with the plans. If you want to ensure that you have access to the best employees in… Read more about What Are the Benefits of an Employee Meal Policy
Paying taxes is a part of owning a business. If you run a restaurant, you may have to deal with taxes that are a bit more complex than those paid by your average operation. The fact that you deal with tipped employees adds a layer of complexity to the process that’s hard to figure out,… Read more about FICA Tip Credit
If you own a restaurant, you may have significant questions about tips. You might wonder, for example, who exactly are the tipped employees. You may also have to ask questions like “are tips taxable?” and “can my employees pool tips?” in order to make your budgets and ensure that you operate at a profit. The… Read more about 5 Things Every Restaurant Owner Needs to Know About Paying Tipped Employees
May is here and that means most of you should be done with the craziness that is tax season. Well, not quite. The Tax Cuts and Jobs Act brought with us some very important tax reform updates that businesses need to know about. As accounting reporters have dug into the new bill, they are revealing… Read more about May Newsletter – Tax Reform Updates Businesses Need to Know
Bookkeeping is a necessity for any business regardless of its size. As an SMB owner, you will realize that the accounting fundamentals incorporated by Fortune 500 corporations apply to you as well. Following accounting principles for small business is essential for success. Doing your financial analysis while being savvy at recordkeeping is not only vital… Read more about 10 Essential Accounting Principles for Small Business
What HSA employer contribution rules do you need to know about? With the rising costs of healthcare, health savings accounts (HSAs) are growing in popularity among employers and employees alike. HSA’s are typically paired with a high deductible health insurance plan under a Section 125 Cafeteria Plan. They provide numerous tax benefits in addition to… Read more about 5 Important HSA Employer Contribution Rules Every Business Owner Should Know
Are you a business owner? Are you getting all of your potential tax savings? With those dollars representing precious resources you could invest back into your business, it is not just about getting more money in your pocket. It could be the difference between your business’ long-term failure and success. And while large corporations have… Read more about 7 Tax Saving Tips for Small Business Owners in Arizona