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Don’t Mix Business And Personal: Tax-Time Tips For Small Business Owners

YoungUpstarts

Find a solution that allows for employee sub-accounts. At some point, your employees will need to buy gas or food, or make daily purchases for your business. When deciding on the type of bank or alternative account that’s best for your business, consider a solution that allows you to have sub-accounts for employees.

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Online Tax Filing For Your Business — All You Need To Know for 2021

Up and Running

Data security. In the age of cyber threats, data security is the foremost concern of every business, and rightfully so. Data security is even more important when it comes to the sensitive financial data of your business. Cloud-based software stores all your data remotely in a secure data center. Scalability.

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Fortifying Profits: Strategies to Shield Your Business from Embezzlement

Duct Tape Marketing

He stressed the significance of employee dishonesty insurance as a protective layer against potential embezzlement, a critical step often overlooked by many small businesses. 03:08] What is employee dishonesty insurance? [04:25] 04:25] How do you ensure employees do not feel distrusted when internal controls are implemented? [06:10]

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25 Entrepreneurs Share Their #1 Goal for 2020

Hearpreneur

As a CPA, I think it’s important to bring awareness to taxes and accounting for small business owners. 5- Promote employee engagement. I think that the key to running a leading workforce is to ensure that your employees are happy and plan to stick around. 12- Increasing security. 4- Visibility. 13- Execute.

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How to Run a Full Financial Audit of Your Business and Optimize Spending

Up and Running

Most people think of financial audits as investigations carried out by a certified public accountant (CPA). They might include lease payments, utility bills, office supplies, and employee wages. Are processes in place for employees to submit receipts when buying something with a company card?

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Startup Tax Planning for Better Cash Flow Management

Up and Running

Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York. This is the Social Security and Medicare tax that is usually paid by an employer for a normal W-2 employee,” he says.

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Entrepreneurship for Superwomen

Up and Running

Plus, if you outsource these functions, you will never be expected to advance an employee pay if they receive their check from the payroll company. Have a bookkeeper and a CPA. Use an accounting software application so that you can provide your CPA with your financials as often as needed. Pay yourself. Pay your FICA.

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