Accounting for Small Business
As a business owner, it’s crucial to understand the differences between 1099 contractors and W2 employees. This knowledge can help you make informed decisions about how to structure your business and manage your workforce. At TNT Accounting Services LLC,...
Accounting for Small Business
As a business owner, one of your key responsibilities is to keep accurate and up-to-date records of your business transactions. This practice, known as bookkeeping, is not just a regulatory requirement – it’s a powerful tool that can help you minimize your tax...
Accounting for Small Business
As a business owner, it is crucial to stay on top of your financial responsibilities, particularly when it comes to payroll taxes. Failing to file and pay these taxes can lead to severe consequences, both from the IRS (Internal Revenue Service) and state tax...
Accounting for Small Business
A sound accounting system is a must for businesses of any size. It doesn’t matter how big or small your business is; it is vital to know what is coming in and going out of your business account, especially when it comes to business expenses. A company that fails to...
Accounting for Small Business
When asked how your business is doing, a balance sheet is the best way to show success. Also called a statement of financial position, a balance sheet is usually one of several vital items you might be asked to produce when applying for a small business loan. The...
Accounting for Small Business
When a staff member of an organization steals from the company, it is occupational fraud. Even though it may be unlikely that a worker will be involved in theft, just one situation will lead to disastrous results. The Association of Certified Fraud Examiners (ACFE)...
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