Outsourcing at its core is really any part of your business that you don't do in-house with your own employees or managers, and nearly every business in retail, wholesale or another sales-related fields will outsource product manufacturing to a supplier. Other times it might be … [Read more...]
5 Bookkeeping Tips For Small Businesses
Bookkeeping is inherently complex, regardless of the business size or niche. Small business owners tend to find bookkeeping particularly challenging as they cannot afford to hire a full-fledged accounting staff. It certainly helps to get into the habit of sweating the small stuff … [Read more...]
I Missed an IRS Deadline. Now What?
You may have many demanding priorities as a small business, partnership firm, or entrepreneur. What happens if you've missed an IRS tax-filing deadline? Besides receiving a notice from the IRS, you likely will face penalties. However, you shouldn't panic if you have forgotten to … [Read more...]
Paying Taxes for Undocumented Immigrants – The ITIN
Did you know you still need to pay taxes even if you’re an undocumented immigrant? Not doing so can have serious consequences. Don’t worry; you don’t need a social security number or lawful residency status to complete your taxes. You can pay taxes to the IRS by obtaining an … [Read more...]
How to Protect Your Business in the New Year
As we move toward the New Year, we are in many ways entering a new world when it comes to protecting your business. Think of a bank for instance, once upon a time, a bank would have had a large vault where it stored its most precious assets - guarded by an incredibly thick … [Read more...]
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