Blog
Handling Payroll Discrepancies: Common Issues and Solutions
Running a business means ensuring every employee's paycheck accurately reflects their work hours, correct tax withholdings, and timely payments. Occasionally, payroll discrepancies can disrupt this process, causing confusion and dissatisfaction. Such issues can...
What to Do If You Receive an IRS Audit Notice
Receiving an IRS audit notice can be nerve-wracking. You open the letter and see those words staring back at you — it's natural for your heart to race a bit. However, the key is to stay calm and know the steps you need to take. An IRS audit doesn't mean you've done...
Understanding the Importance of Accurate Bookkeeping for Small Businesses
Bookkeeping might sound like a daunting task for many small business owners, but it's actually a crucial aspect that can make or break a business. Accurate bookkeeping means keeping track of all the financial transactions, making sure all the numbers add up, and...
Helpful Tips for Keeping Personal and Business Finances Separate
Keeping personal and business finances separate is key for any business owner. Mixing them up can lead to confusion and make it hard to track how your business is doing. It’s important to know what money is meant for business and what is for your personal use....
Philadelphia Wage Tax: What You Need to Know
The Philadelphia Wage Tax is something that affects many who live or work in the city. It is one of the highest city wage taxes in the United States. For residents and non-residents working in Philadelphia, understanding this tax can make a significant impact on how...
Understanding Tax Deductible Business Expenses
Business owners want to make the most out of their deductions and pay the lowest tax possible. Understanding which expenses you can deduct is a key part of this process. Tax deductible expenses lower your taxable income, meaning you get to keep more of what you earn....