Compliance with laws and regulations is a critical aspect of running a small business. Keeping up with the ever-changing legal landscape can be a challenge, but failure to comply with regulations can result in costly penalties, legal action, and damage to a business’s reputation. By staying informed and taking steps to ensure compliance, small business...
Several ZümiFi clients have been paying attention to the changes in California now that AB5 is in effect. One of those clients realized she would no longer be able to pay one of her part-time assistants as independent contractors. An update The California AB5 (Assembly Bill 5) is a state law that went into effect...
One of our beloved clients has operations in the United States and Canada. As such, their bookkeeping has always been complicated, given that the exchange rates vary from day to day. Some of these exchange rate changes can make a significant difference. So how to produce accurate books? Well, ZümiFi has an answer for that!...
We should all be aware of the need to protect sensitive information. For example, we don’t send 1099 forms without first password-protecting the PDF since the 1099 contains a tax ID number that is likely rather sensitive information that should be secured. The easiest way to password-protect a PDF is to use Adobe Acrobat DC....
The time has come to wrap up 2022 and hand off your financials to your tax preparer. Now that you (or your bookkeeper) have poured over 2022 to ensure everything is complete and accurate, it’s time to take a step back and look at how your business performed last year. Did you grow your sales?...
2022 is closed. Your taxes are in the capable hands of your CPA or already complete. So what’s next for the business on top of its bookkeeping game? Tracking their business property! Most localities require you to report all business property you keep at your location. Sure, this means your computers and big equipment. But...
LogMeIn Pro is an excellent tool for accessing a computer remotely. Tons of folks are now benefiting from adding this capability in their businesses as they shelter in place. LogMeIn is a tool ZümiFi has used for years to manage our remote workstations, so we are big fans. LogMeIn is pretty easy to use and...
First, we love Gusto because it is a user-friendly, robust payroll solution. But throughout the COVID-19 crisis, we have come to love them even more, and here’s why. Gusto JUMPED created reports that made calculating their clients’ average monthly payroll costs easy. Wow – they were just on it! And even better, they communicated about...
It’s hard to talk about successes at this time, so we will instead focus on the ways we are helping and can further assist our clients: assisting clients with cash flow forecasting – providing historical financial details for SBA loan applications helping navigate requirements and filings for furloughed employees calculating essential expenditures, and identifying discretionary...
eFile4Biz is an online tool to file various 1099s and other government compliance forms. We like it because it uses a pretty straightforward template to upload the information seamlessly, even if you have a fair amount of data to include. You can manually enter the web portal itself if you only have a few! eFile4Biz...