With the end of December around the corner, that means that, for most businesses, it’s time to close out the year’s books to get ready for the new year and 2020 tax season. Whether you do this yourself or have your accountant take care of it, it’s important to understand the basics of closing out.
Can you believe 2020 is almost over? The end of the year means it’s time to prepare for the upcoming tax season. With economic shifts due to the COVID-19 pandemic and tax changes related to COVID-19 stimulus packages, it is especially important to be well-prepared for your taxes this year. Let’s go over a few.
School looks a lot different for all of us this year. Whether you are sending your children to public or private school, doing in-class, hybrid, or distance learning, tackling homeschooling, or some combination of these options, most of us are in uncharted territory. Because of this, we thought it would be a good idea to.
Every state has a few odd laws: some that benefit the taxpayer, others that cost them.
With the passing of recent coronavirus relief packages came a slew of tax changes that could affect your 2020 tax return. Whether these changes impact your taxes for better or worse, you should be aware of them so there are no surprises come tax time. PPP Loan If you received a Paycheck Protection Program loan.
The Small Business Administration (SBA) offers several different types of loans, making getting a loan more accessible to small businesses. Even so, the SBA loan application process can seem daunting, especially if you’re trying to do it all on your own. To simplify the process for you, we’ve put together a list of items the.
Every industry has its own jargon. In order to best utilize the services of a particular industry, you need to speak the language. When it comes to accounting, it’s important to have an understanding of basic accounting terms, even if someone else handles all of your company’s bookkeeping and accounting tasks. Learning the language of.
The COVID-19 pandemic has brought uncertainty, fear, and anxiety to our workplaces, especially for small business owners and their employees. How do you lead your business through these uncertain times? How can you be empathetic to your employees’ concerns while also empowering them to do their best work? Here are our top tips for leading.
The current COVID-19 pandemic has brought a lot of uncertainty to our economy, with many businesses temporarily shuttered and millions of people facing unemployment. If you are a business owner, now is the time to prepare for recession. Read on to learn our best tips for recession-proofing your business so you can weather any economic.
An effective budget is a vital part of success for any small business. A good budget gives you a snapshot of the financial health of your business, provides structure for day-to-day decisions, and helps you plan for the future. To ensure that your budget is as effective as it can be, consider implementing the following.