Understanding Payroll Tax & Gross Receipts Tax

Payroll and gross receipts taxes are two types of taxes businesses may have to pay. Payroll tax is a tax on an employer’s total payroll expenses, including salaries, wages, bonuses, and employee benefits. The exact amount of payroll tax owed depends on the jurisdiction and the specific tax laws in place. In the United States,...

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Cool Tools – Google Docs

We have recently been working closely with a client who is launching their product, and as they grow their team, we must have a clear and efficient way to document and communicate workflows. To achieve this, we have been using Google Docs, a cloud-based word-processing tool that offers an ideal solution for our needs. With...

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Success Stories – It has to Balance

Yet again, a client recently came on board and ran into a problem from a prior year. It turns out that their previous bookkeeper made changes to the 2021 books. So when the CPAs filed for 2022, the beginning balances didn’t match. NO! That cannot happen! Fortunately, we had been in this situation before and...

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Client Spotlight Jill Tracy BSTRO

Jill is the Founder, President, and Chief Creative Officer of BSTRO. She champions ideas, building BSTRO where talented, engaged people share strategies, insights, and stories. Since she started the agency in 2004, BSTRO has become a market-leading digital agency known for developing engaging campaigns that create deeper connections between people and brands with a client...

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Set up annual recurring tasks for finance

Set up annual recurring tasks for finance/accounting deadlines Staying on top of finance and accounting deadlines can be challenging, especially regarding recurring annual tasks. To stay organized and ahead of the game, setting up recurring tasks using a task management tool like Asana is recommended. With Asana, you can easily create tasks, reminders, and lists...

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Cool Tools – Adobe password-protect sensitive documents!

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 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. Yes,...

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Financial Calendar Reminders Corporate Tax Returns Due

Small businesses have various financial and tax-related filing deadlines that they need to meet. Here are some important deadlines to keep in mind: Quarterly Estimated Tax Payments: Small business owners who expect to owe at least $1,000 in taxes for the year must make quarterly estimated tax payments. The due dates for these payments are...

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Reflections on your Success

Deadlines, clients, bills, kids – life can be full of challenges. It’s easy to get caught up in the day-to-day and dwell on the things that aren’t going your way. But, if you are reading this, things probably aren’t all that bad. If you are a business owner, and I am not saying it’s always...

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Does Your Bookkeeper have OCD?

3 Essentials to Great Bookkeeping Obsessive-Compulsive Disorder (OCD) is a condition where people feel the need to check things repeatedly, perform certain routines repeatedly (called “rituals”), or have certain thoughts repeatedly. While many may consider this condition a detriment – as the people who keep track of the details of your business – we consider...

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