Are you looking for a simple, easy way to set yourself up for success when it comes to filing your taxes for 2023? Whether you’re looking to outsource your tax filings or complete the job yourself, look no further, Southern Payroll & Bookkeeping’s got you covered! Here are a few things to keep in mind […]
Knowing which tax bracket that your business falls into is important in order to get ready for this year’s tax deadline. This will help prepare you so that you cannot only understand tax rules and rates that will apply to you, but also so that you can estimate your businesses total tax bill in order […]
Start your small business year off right by sitting down with your accountant and planning ahead!
Do you or any of your employees use a vehicle owned by your company? Mileage as well as additional auto-related expenses such as gas, oil, maintenance, repairs, tires, registration fees, and more can be considered when filing your business taxes. Paying attention to detail and taking time to track mileage is more important than you […]
It’s the end of the year and almost time to send W2s – have you verified the information yet?
Chattanooga’s Best Small Business Tax Preparation Service Southern Payroll & Bookkeeping is a small business tax preparation service in Chattanooga, TN. We have prepared taxes for thousands of small businesses in the Chattanooga area. We offer a variety of small business tax services, including – tax return preparation – bookkeeping – payroll services, and employee […]
Up until about 40 days ago (give or take), federal law required “third party settlement organizations” (you may know them better as PayPal, Venmo, or CashApp) to report transactions to the IRS only if they exceeded $20,000. While many people benefited from the stimulus portions of the American Rescue Plan in 2021, one provision in […]
Oh, goodness it is time again. Every year, tax season seems to come quicker and quicker. You are not alone, and it doesn’t have to be so bad. That is why we are going to show you how simple it is. Whether or not you are an employee of a company and receive a W-2 […]
Hire the Best in Town! Chapter 1-The hard work has paid off! You know what it takes. You’ve worked hard to build your business. Day in, day out, for years you have been up early and stayed up late. You have worked diligently to ensure a top-notch customer experience. You know how you made it […]
One of the easiest ways of lowering your income tax bill is to claim all of the possible tax deductions for your small business. What is a tax deduction? A tax deduction (also known as a tax write-off) is a business expense you can deduct from your taxable income. You take the amount of the […]
