Starting A Business? 3 Basics To Understand About Payroll

If you are starting a business, you want to make sure that you understand the basics about payroll, such as what it is, what taxes you should collect, and how payroll services can help your business with this essential task. #1 Understanding What Payroll Is The first thing that you need to do is understand what payroll is. Payroll is the process of paying the salaries for each individual that works for your company. [Read More]

3 Ways To Start Planning For Your Future In Your 30S

When you reach your 30s, you should no longer just be planning for the present, you should be planning for the future. Planning for the future means that you are making financial decisions that will benefit you down the road, and not just in the present. It is time to let go of instant gratification and start planning for the long-term.  #1 Start That Savings Account It can be hard to talk about investing in your future when you do not even have a savings account. [Read More]

Have To Pay Estimated Taxes? 4 Ways To Avoid IRS Penalties

If you're a small business owner or entrepreneur, you already know that you have to set aside and pay your own income taxes. But how much should you pay and when? While estimating your income can be difficult, the IRS does provide some guidance to make tax payments a little easier. Here's a guide to how to use that guidance to avoid penalties.  1. Use Last Year's Taxes. The IRS rules generally expect you to contribute estimated payments equal at least to 100% of the prior year's income tax liability. [Read More]

Starting Your Own Accounting Business? How To Get Customers

You are a trained CPA, and you want to begin your own accounting service similar to Burkhart Peterson & Company. When you work for yourself, you can choose your own client base, work your own hours, and determine for the most part how much money you make. You need clients to become a successful accountant. When you work for an accounting firm, your clients are brought to you. When you work for yourself, you have to get clients on your own. [Read More]