Archive for the Small Business Tips Category

Small businesses can often find ways to give back to their communities, and one way to do this is by donating services. However, many business owners may wonder: Can we

Receipts play a crucial role in tracking business expenses and ensuring you comply with tax laws. However, sometimes receipts go missing. Whether they’re lost, damaged, or never received in the

The Employee Retention Credit (ERC) is a refundable tax credit introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020. It was designed to provide

When borrowing from your corporation, it’s essential to navigate the process carefully to avoid tax complications and legal issues. If you own a closely held corporation, you can borrow funds

California’s Unclaimed Property Law ensures that unclaimed financial assets are safeguarded by the state until the right owners or heirs claim them. Such assets can include dormant bank accounts, uncashed

Social Security tax plays a crucial role in funding retirement, disability, and survivor benefits for millions of Americans. However, with ongoing economic changes and demographic shifts, the question arises: how

In the ever-evolving landscape of accounting, embracing technology has become crucial for maintaining efficiency, accuracy, and competitiveness. Technological advancements are reshaping the industry, offering numerous tools and solutions that streamline

Businesses in certain industries have employees who received tips as part of their compensation. These businesses include salons, hotels and restaurants. Tips are discretionary payments that customers make to employees

There are tax implications to consider when turning your hobby into a business. Perhaps you enjoy sewing and would like to open a seamstress business. Or maybe you would like

Although not a significant amount, the standard business mileage rate is increasing in 2024 to 67 cents (up from 65.5 cents in 2023). Do you use the optional standard mileage