Potential Payroll Tax Changes
| November 29, 2012 | Posted by Steve Webster under Accountants and Bookkeepers, Payroll, Southern Indiana Business |
This infographic from Intuit helps explain some of the payroll tax changes that may happen in 2013. Taxes are a major expense for your small business and they should be tracked and managed by your accountant just like material purchases […] more
Three Ways to Get More Local Customers
| November 23, 2012 | Posted by Steve Webster under Accountants and Bookkeepers, Southern Indiana Business |
Most of the businesses I deal with are local to me and we all seem to have the same problem of getting more local customers. I created the following video on YouTube to give you three ideas on how to […] more
New IRS Reporting Requirement for Payroll Departments
| November 13, 2012 | Posted by Steve Webster under Payroll |
The Affordable Care Act, also known as ObamaCare, requires employers to report to their employees the cost to cover their employees in the employer-provided group health plan. The cost is reported in box 12 of the employees W-2 form. Related: Donate your […] more
Your Employees can Donate Their Vacation Time to Aid Victims of Hurricane Sandy
| November 7, 2012 | Posted by Steve Webster under Payroll, Southern Indiana Business, Taxes |
The IRS has issued Notice 2012-69 that says employees can elect to forgo vacation, sick, or personal leave in exchange for cash payments that their employer makes to qualified relief organizations described in § 170(c) of the Internal Revenue Code. A […] more
“A Trusted Friend” Steals $103,000 from Therapy Business
| November 5, 2012 | Posted by Steve Webster under Accountants and Bookkeepers, Payroll, Small Business Fraud |
This news story is about a bookkeeper who stole $103,000 from her employer over a 4 year time period. Apparently she was processing the payroll and paid herself twice for a total of $76,000. The “trusted friend” also wrote company checks […] more
Bookkeeper Embezzles from Building Supply Business
| November 2, 2012 | Posted by Steve Webster under Accountants and Bookkeepers, Small Business Fraud |
A bookkeeper working for a small building supply store business, stole over $30,000 over four years according to this news report. Having never worked in retail, I am not sure exactly how this fraud works. Based on the article, […] more
Free and Easy to Use Accounting Software
| October 28, 2012 | Posted by Steve Webster under Accountants and Bookkeepers, Accounting Software |
If you are a small business owner looking for a free and easy to use accounting software, WaveAccounting.com could be for you. Their goal seems to be to keep small business owners record keeping as simple as possible but still […] more
Three Questions to Ask Yourself Before Hiring a Bookkeeper
| October 28, 2012 | Posted by Steve Webster under Accountants and Bookkeepers |
Managing a small business is no easy task and managing the finances can be a small headache. Bookkeeping is definitely not the favorite task of most small business owners, though it is an important factor in the success or failure of the business. Knowing where […] more
Best Online Small Business Accounting Software
| October 16, 2012 | Posted by Steve Webster under Accounting Software |
If you are a small business owner looking for an accounting or bookkeeping system to help you run your business, I recommend you read this post: 11 Best Online Accounting, Bookkeeping & Invoicing Software . It is a very detailed list […] more
Three Bookkeeping Mistakes Made by a Small Business Owner
| October 10, 2012 | Posted by Steve Webster under Random |
I found a story with some very good information from a small business owner who does the bookkeeping for her family owned business. She admits to making three bookkeeping mistakes that she will never make again. Her three mistakes were: 1. […] more
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