Learn how to withhold, remit, and calculate payroll taxes! If you are a small business owner with employees, you know paying them is not as simple as just writing out a check. What are Payroll Taxes? Payroll taxes are the taxes paid from the wages earned by an employee. While the employee pays a majority …
How To Calculate Payroll Taxes | Learn Payroll Accounting Read More »
Trial Balance Reports One of the biggest challenges faced by any small business owner is balancing the books. Unlike in larger companies, this is one of those routine but necessary tasks that you’ll have to handle yourself, unless you’re lucky enough to have an accountant. One key element to bookkeeping is setting up a trial …
Need a step-by-step payroll guide to establish your small business’s payroll? If you just need a small payroll, you can do it yourself with minimum time and effort… even if you do not have any accounting experience. However… be aware that there are many laws governing employee pay. If you are unsure of these laws …
Many business owners incorrectly track their mileage which could be an expensive mistake. Find out how to comply with IRS regulations and legally deduct business mileage expense with our free mileage log template. Some business owners don’t track their mileage because they don’t think its worth the effort. While it’s true that there is a …
If you plan to have multiple employees using QuickBooks, you can limit their access to specific areas. Controlling access to your QuickBooks company file is easy when you’re a one-person accounting department. You simply use one password to protect your data. But when you add new employees to the mix, do you want them to …
