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Excel for Small Business Owners

Ronika Khanna CPA,CA

A small smattering of the ways in which excel can help small business owners includes: Accounting spreadsheets: Many small business owners, self employed workers, freelancers etc who don’t have many transactions, are unincorporated and don’t require extensive reporting can simply use a spreadsheet to do their accounting.

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

Keeping Up with Taxes. The legislation levied a direct tax on the American Colonies in an effort to pay off debts and defend new American territories won from the French in the Seven Years’ War. So, why the brief history lesson on American Colony taxes? For payroll, in particular, there are a number of taxes.

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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Constitution in 1913 that permanently legalized a federal income tax. Next, in 1939, the Federal Unemployment Tax Act (FUTA) was passed, which resulted in an employer tax (typically, 0.6%

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Last Week in Payroll: Minimum Wage

ThomsonReuters

According to a February 2021 Bureau of Labor Statistics report, 73.3 That provision did not make it into the final version of ARPA, however, President Biden did sign an executive order on April 27, 2021 that will increase the minimum wage rate to $15.00 per hour for federal contractor workers in 2022. This represents 55.5% Of those 73.3

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