Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). To find their take-home pay, you need to know how to calculate net pay.
Read More How to Calculate Net Pay for PayrollRachel Blakely-Gray
Accounting Firm Website: 7 Must-haves
There are over one billion websites in the world. Scrap that. Let’s narrow things down a little bit. There are 46,000 public accounting firms in the United States. And let’s say that at least half of those firms (23,000) have an accounting firm website. That’s a bit of Googling competition.
Read More Accounting Firm Website: 7 Must-havesUnderstanding Final Paycheck Laws by State (+ Ultimate Chart!)
Did an employee leave your business? It’s time to whip out your employee termination checklist to see what you need to do. And one of the responsibilities on said checklist is giving terminated employees their final pay. But, how soon do you need to pay it out? Cue final paycheck laws by state.
Read More Understanding Final Paycheck Laws by State (+ Ultimate Chart!)And That’s 10, Folks! Maryland Paid Family Leave Signed Into Law
Thanks to the passage of its new Time to Care Act, Maryland is now the tenth state to mandate paid family and medical leave for employees. If you’re a Maryland employer, the Maryland paid family leave program applies to you.
Read More And That’s 10, Folks! Maryland Paid Family Leave Signed Into LawThinking About Adding Employer-provided Childcare to Your Benefits Package?
School closings. Remote schooling. Daycare labor shortages. COVID ushered in a new era of problems for parents requiring new solutions, like employees working flexible or fewer hours. Another solution that’s gained new ground? Employer-provided childcare benefits (aka a dependent care assistance plan).
Read More Thinking About Adding Employer-provided Childcare to Your Benefits Package?AI in Accounting: The Future Is Here [& Ready to Streamline Your Bookkeeping Responsibilities]
AI (artificial intelligence) has been a game-changer for everything from speech recognition to language translation and … accounting? Yes, AI in accounting continues to transform the process of bookkeeping. How so?
Read More AI in Accounting: The Future Is Here [& Ready to Streamline Your Bookkeeping Responsibilities]Have a Business Interest Expense? You May Be Able to Deduct It
Take out a business loan or have a mortgage for your brick-and-mortar? You may cringe when you see your business interest expense add up. But here’s a bit of good news—there’s a business interest expense deduction you may be eligible to claim (hooray!).
Read More Have a Business Interest Expense? You May Be Able to Deduct ItBusiness vs. Hobby: Which Is It?
You’ve decided to start a business. Er … is it a hobby? How do you know if you’re making a little side money from a hobby or running a full-fledged business? Does it matter? Well, the IRS cares about whether you have a business vs. hobby—so you should, too.
Read More Business vs. Hobby: Which Is It?Your Bookkeeping Clean-up Checklist [for Squeaky Clean Books!]
Spring cleaning is a staple in households for a reason. Over time, things get pretty messy—especially when you’re busy. And in business, the same thing can happen to your accounting books. Do your books need tidying up? Use our bookkeeping clean-up checklist to get started.
Read More Your Bookkeeping Clean-up Checklist [for Squeaky Clean Books!]In-demand Small Business Accounting Services Your Clients Want You to Offer
Here’s the scoop. You’re putting together or updating your list of small business accounting services. Nobody knows your expertise and strengths better than you. But … is that enough? Not quite. You also need to know what services resonate with business owners (give the people what they want!). Read on for a list of accounting […]
Read More In-demand Small Business Accounting Services Your Clients Want You to Offer