Outsourced Accounting

03/30/2023

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

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03/14/2023

Know 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.

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03/09/2023

New 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

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02/20/2023

Cash 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

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02/15/2023

Business 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.

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01/17/2023

IRS 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,

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01/17/2023

New 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

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12/05/2022

How 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

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12/05/2022

Staying 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

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11/01/2022

What 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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