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Bookkeeping
Mar 25, 2018
Top Accounting Mistakes to Avoid
FINANCIAL SOFTWARE / ACCOUNTING SOFTWARE Top Accounting Mistakes to Avoid. Accounting errors happen from time to time, but many common accounting mistakes can be avoided with proper planning and preparation. We all know that it usually takes more time to correct a mistake ...
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Aug 17, 2016
Keeping Good Records Is Key to Deducting Business Expenses
Keeping good records can pay off big if you deduct travel, business or transportation expenses. They will help protect you from the IRS if your return is ever examined and provide the proof your employer may require if you are reimbursed for business expenses under an ...
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Business Performance
Dec 18, 2012
Dollar Limitation on Business Gift Expenses
As a small business owner during the holiday season, you may find yourself giving gifts to clients and/or customers. Basically, the IRS will let your business deduct up to $25 for business gifts per person during a tax year. There is no limit on how many people you can give ...
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May 20, 2012
Avoid Paralysis of Analysis
Don’t Overanalyze and Miss an Opportunity Overanalyzing a situation can be as bad as not giving it enough thought. Most decisions are made on some sort of deadline. Even very smart individuals examine the data to the point that coming to a conclusion is put off for too long. ...
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Mar 05, 2012
Employees vs. Independent Contractors
It’s crucial to know whether your workers are employees or independent contractors. Big dollars may be at stake in the form of federal and state assessed penalties resulting from misclassification. The validity of your company’s pension plan may also be at risk. A periodic ...
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Company Morale
Mar 05, 2012
Employees vs. Independent Contractors
It’s crucial to know whether your workers are employees or independent contractors. Big dollars may be at stake in the form of federal and state assessed penalties resulting from misclassification. The validity of your company’s pension plan may also be at risk. A periodic ...
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Employees
May 19, 2014
Help Your Employees Keep Their W-4 Updated
If you have employees, here is a good video you could share with them. It’s a great reminder for them to consider checking their withholdings, since their family income may have changed since filling out the initial W-4.
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Mar 05, 2012
Employees vs. Independent Contractors
It’s crucial to know whether your workers are employees or independent contractors. Big dollars may be at stake in the form of federal and state assessed penalties resulting from misclassification. The validity of your company’s pension plan may also be at risk. A periodic ...
Continue Reading
Finance
Mar 25, 2018
Top Accounting Mistakes to Avoid
FINANCIAL SOFTWARE / ACCOUNTING SOFTWARE Top Accounting Mistakes to Avoid. Accounting errors happen from time to time, but many common accounting mistakes can be avoided with proper planning and preparation. We all know that it usually takes more time to correct a mistake ...
Continue Reading
Jul 25, 2014
Sometimes You Need a Tax “Mulligan”
The IRS understands that we taxpayers aren’t perfect. Sometimes a taxpayer may forget a sale of stock from an investment account, or an IRA distribution taken last January. I’ve even had cases where busy parents forget to tell me about their New Years baby who arrived and ...
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Dec 18, 2012
Unreimbursed Business Expenses
Partners have a limited ability to deduct out-of-pocket expenses which they have paid on behalf of the partnership. Unreimbursed partner expenses can be deducted on Schedule E of the partner’s individual income return, but only if the partnership has a written policy which ...
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Financial Planning
May 01, 2018
May 2018 – The SmallBiz Builder Newsletter
Are You Ready for 2018? Now that you've filed your 2017 tax return (or at least filed an extension), it's time to consider what your 2018 return will look like. Many provisions of the Tax Cuts and Jobs Act take effect in 2018 and could impact your return. Many taxpayers have ...
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Jul 28, 2017
Atlanta, GA : How to Start Your Own Business
Start Your Business in 10 Steps! Step 1: Write a Business Plan Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully. Sourced through Scoop.it from: www.atlantaga.gov
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Aug 17, 2016
Keeping Good Records Is Key to Deducting Business Expenses
Keeping good records can pay off big if you deduct travel, business or transportation expenses. They will help protect you from the IRS if your return is ever examined and provide the proof your employer may require if you are reimbursed for business expenses under an ...
Continue Reading
Aug 10, 2016
Get More from Your Tax Preparer
Do you find yourself needing advice, a plan for the future, or a trusted resource to help you set goals and stay focused on achieving them? Padgett Business Services ® offers more than just tax preparation and monthly accounting services. We also provide strategic planning ...
Continue Reading
Small Business
Mar 01, 2018
March 2018 – The SmallBiz Builder Newsletter
Tips for Paying Estimated Taxes Estimated tax is a method used to pay tax on income that isn't subject to withholding.You may need to pay estimated taxes during the year depending on your sources of income. For example, income from self-employment, interest, dividends, ...
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Feb 01, 2018
February 2018 – The SmallBiz Builder Newsletter
Tax Cuts and Jobs Act - How Does It Impact You? What can you expect in 2018 as a result of the Tax Cuts and Jobs Act? For starters, you may see a change in your paycheck as early as February since the IRS just released the revised 2018 federal tax withholding tables. Most of ...
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Jan 01, 2018
January 2018 – The SmallBiz Builder Newsletter
Tax Cuts and Jobs Act Are you ready for a change? NOW is the time to prepare for tax reform, as every taxpayer will be affected by the new legislation beginning in 2018. Will you see an increase or decrease in your taxes? Will your tax return become simplified or more ...
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Aug 01, 2017
Delegation Is Crucial for Small Business Owners – Part 2
Last month we focused on the concept of delegation, why it is so important to delegate, and why it can be so difficult to delegate. This article continues the discussion of this important management tactic. What should you delegate? You should delegate tasks that: Are ...
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Small Business Deductions
Aug 17, 2016
Keeping Good Records Is Key to Deducting Business Expenses
Keeping good records can pay off big if you deduct travel, business or transportation expenses. They will help protect you from the IRS if your return is ever examined and provide the proof your employer may require if you are reimbursed for business expenses under an ...
Continue Reading
Jul 06, 2016
Tax Deductible Vacations Are Good
Although technology has revolutionized the way we do business, there are still situations where it’s necessary for a face-to-face meeting with staff, management, or customers. With a little planning for the current vacation season, you can mix some leisure time in with your ...
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Small Business Expenses
Aug 17, 2016
Keeping Good Records Is Key to Deducting Business Expenses
Keeping good records can pay off big if you deduct travel, business or transportation expenses. They will help protect you from the IRS if your return is ever examined and provide the proof your employer may require if you are reimbursed for business expenses under an ...
Continue Reading
Jul 06, 2016
Tax Deductible Vacations Are Good
Although technology has revolutionized the way we do business, there are still situations where it’s necessary for a face-to-face meeting with staff, management, or customers. With a little planning for the current vacation season, you can mix some leisure time in with your ...
Continue Reading
Dec 18, 2012
Unreimbursed Business Expenses
Partners have a limited ability to deduct out-of-pocket expenses which they have paid on behalf of the partnership. Unreimbursed partner expenses can be deducted on Schedule E of the partner’s individual income return, but only if the partnership has a written policy which ...
Continue Reading
Dec 18, 2012
Dollar Limitation on Business Gift Expenses
As a small business owner during the holiday season, you may find yourself giving gifts to clients and/or customers. Basically, the IRS will let your business deduct up to $25 for business gifts per person during a tax year. There is no limit on how many people you can give ...
Continue Reading
Small Business Finance
Aug 01, 2016
Gain from Sale of Small Business Stock May Be Excluded from Income
Small businesses have been the growth engine of the U.S. economy. Congress has provided a variety of incentives to encourage taxpayers to invest in small business, one of these being the exclusion of gain earned from the sale of qualified small business stock (QSBS). Small ...
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Jun 09, 2015
Time Is Running out for $100/Day/Employee Penalty Relief!
The market reform section of the Affordable Care Act (ACA) imposes a $100 penalty per day per employee on any employer, regardless of its size, that offers a group health plan that fails to comply with certain coverage requirements and restrictions. For example, a small ...
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Dec 18, 2012
Dollar Limitation on Business Gift Expenses
As a small business owner during the holiday season, you may find yourself giving gifts to clients and/or customers. Basically, the IRS will let your business deduct up to $25 for business gifts per person during a tax year. There is no limit on how many people you can give ...
Continue Reading
Sep 20, 2012
Plan Now, 3.8% Surtax Begins in 2013
One tax element of the Affordable Care Act begins January 1, 2013 and may affect your 2012 year-end tax planning. The new 3.8% Medicare contribution surtax will apply to either your “investment income” or the amount of your modified adjusted gross income (MAGI) in excess of ...
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Small Business News
Aug 15, 2017
Georgia Tax Breaks Under Scrutiny in State Senate – Saportareport
Georgia tax breaks under scrutiny in state Senate by Maggie Lee for SaportaReport here. Read the full article at: saportareport.com
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Small Business Payroll
Jun 01, 2018
Jun 2018 – The SmallBiz Builder Newsletter
Employing Youth Each June, millions of youth begin their search for a summer job. Before hiring any summertime help, it's a good idea to be aware of the Federal and State laws governing youth in the workplace. The Fair Labor Standards Act (FLSA) youth employment provisions ...
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Small Business Practices
Aug 01, 2017
Delegation Is Crucial for Small Business Owners – Part 2
Last month we focused on the concept of delegation, why it is so important to delegate, and why it can be so difficult to delegate. This article continues the discussion of this important management tactic. What should you delegate? You should delegate tasks that: Are ...
Continue Reading
Jul 01, 2017
Delegation Is Crucial for Small Business Owners – Part 1
Many small business owners start out their business doing everything themselves. However, as a company grows, it becomes vitally important to delegate tasks in order to keep it growing, while also allowing you to have a life outside of your business. What is delegation? ...
Continue Reading
Aug 17, 2016
Keeping Good Records Is Key to Deducting Business Expenses
Keeping good records can pay off big if you deduct travel, business or transportation expenses. They will help protect you from the IRS if your return is ever examined and provide the proof your employer may require if you are reimbursed for business expenses under an ...
Continue Reading
Aug 10, 2016
Get More from Your Tax Preparer
Do you find yourself needing advice, a plan for the future, or a trusted resource to help you set goals and stay focused on achieving them? Padgett Business Services ® offers more than just tax preparation and monthly accounting services. We also provide strategic planning ...
Continue Reading
Tax Strategies
Jun 01, 2018
Jun 2018 – The SmallBiz Builder Newsletter
Employing Youth Each June, millions of youth begin their search for a summer job. Before hiring any summertime help, it's a good idea to be aware of the Federal and State laws governing youth in the workplace. The Fair Labor Standards Act (FLSA) youth employment provisions ...
Continue Reading
Apr 01, 2018
April 2018 – The SmallBiz Builder Newsletter
2nd Quarter 2018 Due Dates April 17: Individuals: 2017 Form 1040 due, or file Form 4868 for a 6-month automatic extension. 2017 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), due. Automatic 6-month extension will be granted for filers who fail to meet ...
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Sep 01, 2017
Tax Tips for Uber Drivers
Ridesharing has become a popular way to make some extra money, but before you commit to driving for a ride-share company like Uber, Lift or Sidecar, you need to know the tax implications of this type of work! Generally, you’re treated as an independent contractor, not as an ...
Continue Reading
Mar 29, 2016
Understanding Tax Return Preparer Credentials and Qualifications
Understanding Tax Return Preparer Credentials and Qualifications Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. However, tax professionals have differing levels of skills, education and expertise.
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Tax Tips
Aug 14, 2018
Freelance Taxes 101
Here is a great little article on Taxes for Freelancers. The full article can be found here. Items covered include : Tax Basics for Freelancers: What Is the Self-Employment Tax? Full-Time Versus Part-Time Freelancing: Calculating Estimated Taxes Keeping Track of Your ...
Continue Reading
May 01, 2018
May 2018 – The SmallBiz Builder Newsletter
Are You Ready for 2018? Now that you've filed your 2017 tax return (or at least filed an extension), it's time to consider what your 2018 return will look like. Many provisions of the Tax Cuts and Jobs Act take effect in 2018 and could impact your return. Many taxpayers have ...
Continue Reading
Feb 01, 2018
February 2018 – The SmallBiz Builder Newsletter
Tax Cuts and Jobs Act - How Does It Impact You? What can you expect in 2018 as a result of the Tax Cuts and Jobs Act? For starters, you may see a change in your paycheck as early as February since the IRS just released the revised 2018 federal tax withholding tables. Most of ...
Continue Reading
Sep 01, 2017
Tax Tips for Uber Drivers
Ridesharing has become a popular way to make some extra money, but before you commit to driving for a ride-share company like Uber, Lift or Sidecar, you need to know the tax implications of this type of work! Generally, you’re treated as an independent contractor, not as an ...
Continue Reading
Taxes
Jan 09, 2019
Tax Organizer For New Clients
Click the link BELOW to download your copy of “Tax Organizer For New Clients” TAX ORGANIZER FOR NEW CLIENTS
Continue Reading
Aug 14, 2018
Freelance Taxes 101
Here is a great little article on Taxes for Freelancers. The full article can be found here. Items covered include : Tax Basics for Freelancers: What Is the Self-Employment Tax? Full-Time Versus Part-Time Freelancing: Calculating Estimated Taxes Keeping Track of Your ...
Continue Reading
May 01, 2018
May 2018 – The SmallBiz Builder Newsletter
Are You Ready for 2018? Now that you've filed your 2017 tax return (or at least filed an extension), it's time to consider what your 2018 return will look like. Many provisions of the Tax Cuts and Jobs Act take effect in 2018 and could impact your return. Many taxpayers have ...
Continue Reading
Apr 05, 2018
Georgia enacts corporate and individual income tax changes
Georgia enacts corporate and individual income tax changes and conformity to the federal Internal Revenue Code with some exceptions On March 2, 2018, Georgia Governor signed into law HB 918, a tax bill containing corporate and individual income tax changes (hereafter, the ...
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Tips
Mar 25, 2018
Top Accounting Mistakes to Avoid
FINANCIAL SOFTWARE / ACCOUNTING SOFTWARE Top Accounting Mistakes to Avoid. Accounting errors happen from time to time, but many common accounting mistakes can be avoided with proper planning and preparation. We all know that it usually takes more time to correct a mistake ...
Continue Reading
Aug 01, 2017
Delegation Is Crucial for Small Business Owners – Part 2
Last month we focused on the concept of delegation, why it is so important to delegate, and why it can be so difficult to delegate. This article continues the discussion of this important management tactic. What should you delegate? You should delegate tasks that: Are ...
Continue Reading
Jul 01, 2017
Delegation Is Crucial for Small Business Owners – Part 1
Many small business owners start out their business doing everything themselves. However, as a company grows, it becomes vitally important to delegate tasks in order to keep it growing, while also allowing you to have a life outside of your business. What is delegation? ...
Continue Reading
Aug 10, 2016
Get More from Your Tax Preparer
Do you find yourself needing advice, a plan for the future, or a trusted resource to help you set goals and stay focused on achieving them? Padgett Business Services ® offers more than just tax preparation and monthly accounting services. We also provide strategic planning ...
Continue Reading