Outsourced Accounting
Payroll Tax Rates and Contribution Limits for 2023
Below are federal payroll tax rates and benefits contribution limits for 2023. Social Security tax In 2023, the Social Security tax rate
Read MoreKnow the Rules on Business Travel
Are you working on this year’s tax return or planning for the future? Either way, you should know the rules on business travel tax deductions.
Read MoreNew IRS Portal for Form 1099 Series
The IRS has announced that businesses can now file Form 1099 series information returns using a new online portal, available free from the IRS. Known
Read MoreCash Flow Statements: The Key to Business Success
While an income statement can present a true picture of the operating results of your business, understanding what is happening with your cash flow
Read MoreBusiness Owners May Face Special Compensation Rules
S corporations allow the business to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes.
Read MoreIRS Establishes Mileage Rates for 2023
The IRS has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business,
Read MoreNew Law Ushers in Major Retirement Changes
There’s been buzz about new retirement plan provisions for weeks, and now they’re final, bringing about changes to various federal rules
Read MoreHow Do Taxes Work With Bonuses?
Bonuses, frequently given at the end of the year, are a popular “thank you” for a job well done, and smart business owners know they can
Read MoreStaying Current on Labor Rules
Hiring staff? Good for you! It means your business is thriving. Now is the time to get up to speed or reacquaint yourself with any labor laws
Read MoreWhat To Know About Fringe Benefits and Taxes
You can generally deduct the amount you pay your employees for the services they perform. The pay may be in cash, property or services. It may
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