On March 12, following the American Rescue Plan Act’s approval and signing, the IRS began sending out the third round of Economic Impact Payments. Most payments were sent out via direct deposit, but approximately 150,000 checks were mailed by the Treasury...
Understanding financial numbers is a skill. It takes time and effort to get comfortable with working with these numbers and making sure everything is accounted for, but it’s vital to the long-term success of your service business. The good news is that...
Profit shouldn’t be an afterthought, but that’s the way most service business owners treat it. They put profit as the last priority, at the end of the line of sales, expenses, payroll, taxes, and everything else in their business, and what do you think happens when...
Scores of small business owners aren’t on top of their business numbers. If you are looking to grow your business, it’s important to know your numbers and have the information readily accessible. With a clear picture of your business’s financial health, you can...
Eligible employers can now claim a refundable employee retention tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees after December 31, 2020, through June 30, 2021. Qualified wages are limited to...
If you are considering buying an existing business, take time to investigate the business thoroughly. Don’t be too eager. Many people feel they should get into the business and then worry about the problems as they develop. An investigation of all the...
