Payroll is one of the most important aspects of any business. But it’s one that, when running smoothly, business owners don’t tend to think about. However, when there’s a payroll errors, it jumps to the forefront of an owner’s mind. Here are several payroll mistakes that can cost you a bundle and how to avoid […]
Archives for April 2023
14 Unusual Tax Deductions That the IRS Allows
Learning what unusual tax deductions could be legitimate, would surprise you.If you’re itemizing for tax year 2022, you’re probably trying to claim as many acceptable deductions as you can. Why would you not? Some of them are pretty conventional. Mortgage interest. Medical expenses. Home office. Charitable contributions. It may be, though, that you’re eligible to […]
Independent Contractor or Employee? The Differences
Employee or independent contractor, what’s the difference ? The distinction may be challenging to make sometimes, but the IRS has very strict rules about it. Depending on the size of your business Onboarding a new hire can involve a lot of reading and writing for both of you. You may want the new worker to […]