Accurate mileage tracking will help you save money on your taxes and give you the opportunity to make your business more efficient!
IRS Delays Online Payment Reporting Changes
The IRS decided to delay implementation of new online payment reporting rules for a year…here’s the lowdown!
#TuesdayTips: 7 Accounting Pointers for Running Your Small Business
Starting your own business is hard work. Being a business owner is already filled with lots of to-do lists, meetings, and other activities, and the last thing that you probably want to think about is getting your books in order. For this weeks #TuesdayTip, we have compiled a list together of 7 pointers that every […]
#TuesdayTips: Should I Hire a W-2 Employee or a 1099 Independent Contractor?
It is definitely a big decision to hire a new employee. Starting with a contractor, or a 1099 employee can be a great way to expand your business, but it is very important to take all things into consideration to avoid misclassifying your future employees. In this weeks #TuesdayTip, we will be comparing W-2 and […]
#TuesdayTips: How to Use Gusto to Distribute Employee W-2’s
Well, it’s that time of the year again… tax season! We know the time to send out W-2’s or 1099’s to your employees has passed, but we have gotten so many questions from our clients on how and where to access their W-2’s. We thought, why not explain how for next year! As an employer, […]
#TuesdayTips: 5 Ways to Make Your 2023 Tax Filing Easier Than Ever
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 […]
#TuesdayTips: Your One-Stop Shop for All Things Regarding Your Business Taxes
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 […]
Avoiding a Small Business New Year’s Hangover
Start your small business year off right by sitting down with your accountant and planning ahead!
#TuesdayTips: The Importance of Tracking Your Mileage
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 […]
#TuesdayTips: Are You Truly Ready for W2s?
It’s the end of the year and almost time to send W2s – have you verified the information yet?