by nolanacct | Jan 15, 2020 | Small Business Accounting
You can’t exactly operate your business without running payroll. After all, people work to earn money and you don’t need dozens of angry employees on your hands. Unfortunately, you can’t bill anyone for the hours you spend preparing employee paychecks. When you have...
by nolanacct | Dec 28, 2019 | Small Business Accounting
Whether you’re in the start-up phase as a business owner or looking to grow your company, an accountant can be especially useful with strategic planning. For example, hiring an accountant ensures that you choose the right structure such as sole proprietor, limited...
by Nolan Accounting | Nov 20, 2019 | Small Business Accounting
Under federal law, employers must keep payroll records for a certain number of years based on what they contain. This can cause a lot of confusion regarding what to hold onto and how long to keep each item. If you feel confused about this obligation as an employer,...
by Nolan Accounting | Nov 7, 2019 | Tax Laws
The Internal Revenue Service (IRS) passed legislation in 1986 called the Kiddie Tax Law to prevent parents with a high net worth from transferring the reporting of interest earned on investments to their children. Parents sometimes took this action to avoid or lower...
by Nolan Accounting | Aug 21, 2019 | Small Business Accounting
The whole point of going into business for yourself was to have greater control over your own income. Before your business can collect any money, however, it needs to send invoices to customers that have already received goods or services. Unfortunately, this process...
