Fundera

JANUARY 17, 2020

One part of being a business owner means keeping records for everything: what you’ve earned, spent, and where you’ve traveled. It can become easy to get swamped in paperwork and receipts and you may be tempted to toss your records once the year is over and your business taxes are filed. . How Long to Keep Business Tax Records?

Bad Debt 91

Bad Debt Deductions Insurance Companies Transactions 91

Fundera

MAY 30, 2019

Many entrepreneurs feel overwhelmed by the thought of filing their small business taxes. If that’s how you feel, we don’t blame you since there’s a lot that goes into preparing your business for tax day. Here’s your step-by-step guide to everything you need to know about small business taxes.

Small Businesses 100

Small Businesses Deductions Credit and Collections 100

Team Financial Group

JANUARY 25, 2023

(Of course, if you’ve got your eye on the used equipment market, you can always check out our guide for purchasing used equipment.) Determine What Is Essential When you are considering purchasing equipment for your business, an essential first step is to ask yourself what kind of value it can bring to your business.

Deductions 52

Deductions Small Businesses 52

Fundera

APRIL 4, 2020

Paying business taxes as an independent contractor can be tricky—you have to file additional forms, make sure you’re paying the government enough during the year, and pay a self-employment tax. . more and more people are having to learn just what’s involved in filing. What Is an Independent Contractor? Deductions.

Deductions 52

Deductions Small Businesses 52

Fundera

MAY 14, 2020

IRS Form 8829 is one of two ways to claim a home office deduction on your business taxes. Only self-employed people are eligible to claim this deduction. If your business qualifies for the home office deduction, you’ll file Form 8829 with your Schedule C, profit or loss from business. What Is Tax Form 8829?

Deductions 52

Deductions Small Businesses 52

Lendio

JANUARY 24, 2023

Here’s what you need to know to record the ERC in your financial statements correctly, including how the credit works, how to claim it retroactively, and which accounting models may apply. How Does The Employee Retention Credit Work? The Employee Retention Credit is a refundable payroll tax credit.

Revenue Recognition 52

Revenue Recognition Deductions 52

Lendio

JUNE 6, 2023

The Employee Retention Credit (ERC) is one of the most lucrative tax credits for small business owners. How Does the Employee Retention Credit Work? The ERC works as a refundable tax credit. You can deduct it from your payroll tax liability and pocket any excess amounts. What are Qualified Wages?

Nonprofit Organizations 52

Nonprofit Organizations Deductions Small Businesses 52

Fundera

OCTOBER 21, 2018

What Is a Home Office Deduction? Business owners who regularly operate their businesses in their home can deduct some of their expenses and save money on their taxes , granted they keep careful records and meet the IRS’s requirements. Can You Claim Home Office Deductions? How to Claim Home Office Deductions.

Deductions 75

Deductions Small Businesses 75

Fundera

OCTOBER 12, 2016

Small business taxes… Does the thought of them just make you cringe? If you’re feeling overwhelmed by your small business taxes, we don’t blame you—there’s a lot that goes into preparing for Tax Day. Here’s your step-by-step guide to everything you need to know about small business taxes. A corporation?

Small Businesses 88

Small Businesses Deductions Credit and Collections 88

Fundera

APRIL 11, 2019

What Is an IRS Audit? During an IRS audit, the auditor will check whether an individual or business has reported taxable income, losses, expenses, and deductions in compliance with federal tax laws. If the auditor finds a mistake, the individual or business might have to pay a tax penalty and interest. of total U.S.

Deductions 85

Deductions Small Businesses 85

Lendio

JUNE 6, 2023

If you qualify for the Employee Retention Credit (ERC), you could receive thousands of dollars in refundable tax credits for each employee on your payroll during the COVID-19 pandemic. What are the ERC Eligibility Requirements? Here’s what you should know about how they work.

Small Businesses 52

Small Businesses Deductions Default 52

Fundera

APRIL 27, 2020

IRS Section 179 Deduction. The Section 179 deduction allows businesses to deduct the entire amount of an asset in the year it was purchased, rather than deducting a smaller amount over a number of years with the depreciation method. Under standard accounting rules, you’d use depreciation to take your deduction.

Deductions 40

Deductions Small Businesses 40

Fundera

MAY 13, 2019

These are tools that can quickly and accurately determine what an employee is owed each pay period via their hours worked, and also keep track of deductions like workers’ compensation and taxes. That doesn’t mean that free payroll software can’t help your business. How We Chose the Best Free Payroll Software.

Deductions 62

Deductions Small Businesses Credit Card Payments Transactions 62

Fundera

AUGUST 11, 2017

What does this mean for the entrepreneurial minded? Here’s what you need to know before starting a marijuana business. Here’s what you need to know before starting a marijuana business. What Does the Marijuana Industry Look Like? What are the earning potentials? What are the risks?

Deductions 91

Deductions Credit Unions Small Businesses 91

Fundera

APRIL 14, 2020

In this guide, we’ll give you a step-by-step process for printing 1099s in QuickBooks Online. Plus, we’ll take a closer look at what 1099s are and why, exactly, it’s so important for you to issue them. How to Print 1099s in QuickBooks Online: A Step-by-Step Guide. This guide will detail everything you need to know, step by step.

Electronic Funds Transfer 52

Electronic Funds Transfer Deductions Default Small Businesses 52

Due

APRIL 26, 2023

This means that as much as 60% of Americans aren’t currently on track with their retirement savings. We have developed this guide to help you identify possible retirement-saving mistakes you are making. While you divert your pre-tax funds into this retirement savings account, you also reduce your taxable income.

Deductions 59

Deductions 59

Fundera

FEBRUARY 14, 2020

A statutory employee is an independent contractor who is treated as an employee for employment tax purposes. These workers meet the criteria for an independent contractor, but the IRS has decided that by statute they need to be treated as an employee when it comes to employment taxes specifically. What Is a Statutory Employee?

Deductions 52

Deductions Insurance Companies Small Businesses 52

Fundera

JUNE 28, 2019

What Is Business Property Tax? Business property tax is a tax that you pay on the assessed value of real property, like land or real estate, that your business owns. Your tax rate will be based on the assessed value of your business’s land or real estate, as opposed to the fair market value.

Deductions 54

Deductions Small Businesses 54

Lendio

NOVEMBER 1, 2023

The best place to start is by identifying what your specific use will be for the loan. Pros: Flexibility – You can withdraw funds up to your limit at any time, only paying interest on what you’ve borrowed. Tax advantages – Interest and depreciation on financed equipment can often be deducted as a business expense.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

Fundera

OCTOBER 24, 2019

Amazon Lending does not check credit. Does Amazon Lending check credit? We’re here to answer these questions—and more—with this guide to Amazon Lending. We’ll explore how Amazon Lending works, what their loan product looks like, and the pros and cons of using this financing option for your business.

Credit and Collections 73

Credit and Collections Deductions Small Businesses Credit Scoring 73

Fundera

MAY 26, 2019

The 1099 form actually refers to a series of IRS tax forms that are used for reporting income other than the salary an individual makes as an employee. ” As a business owner, you’re responsible for completing 1099-MISC forms for any independent contractors you’ve worked with in the given tax year. .”

Deductions 61

Deductions 61

Fundera

MARCH 12, 2020

After reading this guide you should have a clear picture of which is right for you. Here’s a breakdown of what you get: Gusto Core. Manage tax filings. Tax-advantaged spending accounts : Offer health savings accounts ($2.50 Here’s a breakdown of what comes with both: Zenefits Payroll. Manage tax filings.

Dashboards 52

Dashboards Deductions Small Businesses 52

Fundera

OCTOBER 19, 2015

What on earth is it? Why does it matter? Creating it meant studiously assessing what it would take to achieve your dreams. In this guide, we will be focusing on the fixed charge coverage ratio, but it is worth being familiar with all of them. What is the FCCR? Why do most scary terms have even scarier acronyms?

Deductions 84

Deductions Small Businesses 84

Fundera

AUGUST 30, 2019

Payroll Deductions Definition. Payroll deductions are the specific amounts that you withhold from an employee’s paycheck each pay period. There are two types of deductions: voluntary deductions, like health insurance and 401(k) deductions, and mandatory deductions (or those required by law), like federal income taxes and FICA taxes.

Deductions 40

Deductions Small Businesses 40

Fundera

APRIL 10, 2020

You’ve likely heard of both Square and Intuit QuickBooks before in the payment processing and accounting spaces, respectively, but what you may not have realized is that both companies provide payroll software for small businesses as well. . Employer resources, automated tax filing, benefit management. 45, $75, $125 per month.

Deductions 52

Deductions Small Businesses 52

Fundera

MARCH 5, 2020

Luckily, if you’re looking for a way to streamline some of your HR processes, you can invest in an automated payroll service that will help you (or your team) manage essential payroll tasks—from setting up direct deposit to preparing your taxes. . Payroll Taxes. Which of these platforms is right for your business? Employee Portal.

Small Businesses 96

Small Businesses Deductions 96

Fundera

JANUARY 23, 2019

One of the most confusing aspects of tax time for business owners is knowing which tax forms they need to file. Even if you engage an accountant to prepare your tax return—and we strongly recommend you do—as a business owner and taxpayer you still need to know which forms are required. What Is Form 1120S?

Deductions 52

Deductions Small Businesses 52

Fundera

JUNE 5, 2020

Note that not all these features are included in a standard plan, so we’ll differentiate between what comes standard and what you’ll have to pay extra for. Manage tax filings. Allow employees to view digital paystubs with deduction breakdowns via the self-service portal. Zenefits Features. Direct deposit paychecks.

Dashboards 52

Dashboards Deductions Small Businesses 52

Due

JUNE 22, 2023

However, do you know your credit card can award you more than what you already know? What Benefits Are Included in the Roadside Assistance Program? What Can You Expect Your Extended Warranty to Cover? To understand this better, you should refer to your credit card’s benefits guide or contact your provider’s customer service.

Credit and Collections 59

Credit and Collections Credit Card Companies Credit Scoring Deductions 59

Fundera

DECEMBER 24, 2019

What is a nonprofit corporation? It’s a type of business organization that enables you to gain certain tax benefits and advantages upon establishment. There are only certain types of groups and organizations that can apply for and gain nonprofit approval for tax-exempt status. Does not seek to make money from its operations.

Nonprofit Organizations 58

Nonprofit Organizations Credit and Collections Credit Unions Deductions 58

Fundera

MAY 31, 2020

At worst, it can be a tangle of calculations, tax considerations, tracking garnishments, withholding for benefits, and so much more. . Depending on what you’re looking for, both Paycor and Paylocity could manage more than just your payroll operations. At best, it can be a time-consuming yet unavoidable item on the to-do list.

Small Businesses 52

Small Businesses Deductions 52

Fundera

MAY 10, 2020

In this guide, we’ll break down some of the best accounting software for small retail businesses—plus, discuss what to look for when choosing your accounting solution. What Is Retail Accounting Software? One of the first questions you might be asking is: What qualifies as retail accounting software? Sales Tax Tools.

Credit and Collections 69

Credit and Collections Dashboards Deductions Transactions 69

Fundera

MARCH 22, 2020

Both Paylocity and ADP are cloud-based payroll systems, meaning you can access your account anywhere you have an internet connection. Tax filing, new hire onboarding, employee discounts, HR assistance. Paylocity doesn’t have different plans like ADP does; rather they offer a variety of services that you can choose from.

Dashboards 52

Dashboards Deductions Small Businesses 52

Fundera

MARCH 10, 2020

The time you save by not having to add up hours, calculate payroll, pay taxes, and comply with federal regulations more than makes up for the cost of the software in most cases. By the end of this guide, you’ll know exactly which one can help you reach your business goals. Here’s what you get with each: Gusto Core. Tip credits.

Dashboards 52

Dashboards Small Businesses Deductions 52

Fundera

DECEMBER 13, 2019

What Is a Cash Flow Statement? This being said, however, you might be wondering: What exactly is a cash flow statement and how does it work? In this guide, we’ll break down a cash flow statement definition, discuss what this financial report looks like, and explain how to prepare one for your business.

Deductions 103

Deductions 103

Fundera

JANUARY 6, 2019

If you’re feeling the need for an expense reimbursement policy, it means your company is growing, and if you manage it correctly, a good policy can actually reduce your workload (and stress levels). Here’s a step-by-step guide to setting up a expense reimbursement policy that will actually benefit your small business.

Small Businesses 50

Small Businesses Deductions 50

Fundera

OCTOBER 2, 2019

The first step is knowing what business problems you’re potentially up against. Yes, being a small business owner means crunching a lot of numbers (and keeping track of them). These user-friendly tools track inventory and cash flow, run reports, estimate taxes, create and send invoices, and more. The Solutions. The Solutions.

Small Businesses 107

Small Businesses Credit Scoring Deductions 107