There are many benefits to hiring a spouse or significant other to work for your small business. To start, a spouse can be willing, affordable, and capable of doing the at hand. Other great benefits include: Deducting any compensation paid as a business expense. Deducting health insurance to a spouse as a business expense. Building [...]
It’s Beneficial for Taxes, But is it Beneficial for your Relationship?
August 2, 2010 By Leave a Comment
What Happens After Tax Season?
May 12, 2010 By Leave a Comment
Phew!!! You made it through tax season and it’s finally over. No need to worry until next year, right? Think again… Turn your procrastination into preparation! The stress, anxiety and overwhelming feeling most business owners experience before and during tax season can easily be transitioned to peace of mind. How? By using the months of [...]
January 2011 Due Dates
January 1, 2010 By Leave a Comment
By Jan. 1, 2011 Process W-4s submitted for 2011 before the first wage payment. (Reminder: With elimination of the advance EITC for 2011, the W-5 is eliminated.) Do not make another EITC payment to any employee. By Jan. 17, 2011 Review paychecks outstanding more than two pay periods so you have time to void and [...]
