Mon.May 17, 2021

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Tax Advantages of Hiring Your Child at your Small Business

RogerRossmeisl

As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Here are some considerations. Shifting business earnings You can turn some of your high-taxed income into tax-free or low-taxed income by shifting some business earnings to a child as wages for services performed. In order for your business to deduct the wages as a business expense, the work done by the child must be legitimate and the child’s salary must be reasonabl

Tax 144
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Cannabis Tax & Accounting

MyIRSRelief

Cannabis-based businesses are some of the fastest growing business sectors in the country. With more and more states legalizing medical marijuana and also recreational use, dispensaries and grow operations are popping up all over. Unfortunately, there are a number of things that makes a cannabis business a challenge is that there are many unique situations that go into running an all-cash operation.

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Small Businesses, Big Fraud Risks

RogerRossmeisl

It’s not always easy being small. For one thing, small businesses (with fewer than 100 employees) experience higher occupational fraud losses: a median $150,000 vs. $140,000 for larger companies, according to the Association of Certified Fraud Examiners. That’s because they don’t always have the staffing or financial resources to implement fraud-prevention programs.

CPA 132
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Notice To People That Do Not Have a Will

Withum

If you do not have a will, you are delegating a costly mess to your survivors. Everyone dies. Some very late in life and some too soon and unexpectedly. The problem is that very few really know when they will die.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Keep It Legal: What You Need to Know About Child Labor Laws to Avoid Penalties

Patriot Software

Hiring employees can be exciting, especially if it means your business is growing. But if you’re hiring someone under 18 years old, you need to know child labor laws. Why? Because the employment of minors carries stricter regulations than adult employment. Not to mention, ignoring child labor laws can result in penalties from the federal […] READ MORE.

Legal 83
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Join Co-Founder, Dennis Najjar, at the Accounting & Finance Show!

AccountingDepartment

Our very own co-founder, Dennis Najjar, will be speaking at this year's Accounting & Finance Show Americas 2021! This is a fully virtual event that you can attend and hear Dennis discuss solutions to help your business from cash flow to the client experience. Click below to tune in at 2:35 pm EDT on May 18, 2021.

Finance 69

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The New CPA Exam

RitaKeller

“The only place where success comes before work is in the dictionary.” – Vidal Sassoon. They are changing the CPA Exam again. It is shifting to put an increased focus on technology. July 1, 2021 is when this shift in the Exam will take place. From Accounting Today: As the accounting profession evolves to meet today’s needs, the Uniform CPA Examination is also evolving to reflect these industry changes.

CPA 45
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Communicating with Employees: Yammer vs Teams vs SharePoint Online

Withum

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