Many people know that we pay more in taxes when our income is higher, but that’s only half the truth. Yes, we do pay more, but not on all our income. We’ll explain that in more detail in this article.
There are a lot of changes for 2024.
Beginning this year, small businesses that meet certain criteria need to file a “Beneficial Ownership Information (BOI) Report along with others rules that are now in affect.
Small business owners often look at accounting as a function that only relates to tax filings and financial reporting. There’s more to it than that.
Spend visibility is a challenge that every small business owner faces. The ability to see where money is being spent is critical for budgeting and tax filings.
Many small businesses opt to be as lean as possible when running their operations, which is often the only way to do things as you acquire your first customers and build your credit history. But sometimes it’s difficult to decide when it’s the right time to start hiring others, or outsourcing back-end operations. Usually, it’s […]