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More and more people today are becoming concerned with being replaced by a robot. CFO’s and Financial Managers are starting to consider making investments into automated software to enter credits and debits instead of adding a trained accountant to their team. Srikant Sastry, managing principal at Grant Thornton, says professional bookkeepers shouldn’t worry. “We are
With limited time & resources, managing payroll can be an added frustration that many employers would like to outsource. Why is managing payroll essential and what is payroll management? From auditing timesheets, aligning reimbursements, & understanding complicated reporting systems, processing payroll can be exhausting. And before you know it, the next Pay Period has arrived
Taxes are always at the top of a small business owner’s mind. The Tax Cuts & new Jobs Act have got many small business owners who offers remote jobs wondering how these new changes will effect their liabilities, benefits, & employees in 2018 & beyond. We’ve compiled a few ways these new systems might impact
There are few things more important to s small business than a robust cash flow. From wages to adding inventory or keeping your machines running, you can’t do a thing without steady income. It can take only one unlucky deal or a short quarter to run your limited finances off track. In the case that
Building a business is as exciting as it is infuriating. No matter how well prepared you may be, there will always be hurdles and set-backs. Your team is what will help you reach the goals and sights you set for your company, but you can’t dedicate the capital to an employee, so why not hire
Bookkeeping and Accounting are nearly as old as trade itself. As trade turned to commerce, structures and methods evolved to better account for a business’s profits and losses. We’ve grown further into technical needs of businesses thanks to larger markets, longer trade routes, and technological disturbances. We’ve compiled a list of the top five Accounting
Last week’s tax reform proposal from the Trump administration would cut the tax rate for “Pass-Through” businesses to 15% which will create opportunity for savings, and for abuse. Proponents of the plan claim that the reduction in business tax expenses will be followed by those businesses building, growing, and hiring at an accelerated rate relative
We’re five weeks into a new administration and looking at the media, it appears no answers will be coming on tax reform. When it comes to finance, planning, and business organization, this has left CEO’s with sleepless nights and wary investors. Looking at the business practices of our President’s previous dealings, it’s believable that we
Managing Multi-State Tax Compliance Although keeping up with business tax obligations is a complicated task in itself, maintaining tax compliance across state lines is even more difficult. Each state has its own way of taxing business entities that are subject to its jurisdiction and such methods may vary widely. Generally speaking, a business must file a
Trump’s Tax Audits Still in the News Donald Trump’s tax returns have apparently been audited every year since 2002 which is not surprising since tax audit data from the Internal Revenue Service indicates that larger and more complex tax returns are much more likely to be selected for examination than those that are simpler and