Important COVID-19 Tax Updates for Businesses Delay of Payment of Employer Payroll Taxes: Self-employed individuals and Employers can defer payment of the employer share of social security taxes. Employers are generally responsible for paying 6.2% of social security tax on employee wages. Half of the deferred social security taxes are to be paid by Dec […]
Important COVID-19 Tax Updates Read More »
Open multiple bank accounts We log into our personal bank accounts once a week or sometimes even as often as once a day because we want to know how much cash we have in the bank. Once we see how much money we have, we make decisions about what and how much we spend during
Bookkeeping Tips to Accelerate Your Business Read More »
If you have a sole proprietorship you may be able to save money on taxes by simply switching to an S corporation. Some things to know about self-employment taxes is that it consists of two parts – Social Security and Medicare taxes. An employee of a company will pay 6.2% in social security taxes and
Why switching to an S-Corp may save you thousands on taxes Read More »
