Unless you’re one of those folks who loves working with numbers, balancing the books is never a fun part of having a business. It is, however, an extremely important part of your business… This is especially true for small businesses, where everything is done in house and even the smallest of errors can have a …
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. The paycheck calculation can get a little tricky. What Are Payroll Taxes? Payroll taxes are the taxes paid from the employees’ wages earned …
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Trial Balance Reports One of the biggest challenges faced by any small business owner is balancing the books so you can create accurate financial statements during the accounting cycle. 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 …
Need a step-by-step payroll guide to establish your small business’s payroll? As a small business owner, 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 …
Mileage Log Sheet: What Must Be Included 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 expenses with our free mileage log template. Some business owners don’t track their mileage because they don’t think it’s worth the effort. …