Many of our non-ROBS small business clients elect to file their business taxes as a subchapter S corporation. Under a regular C corporation (required in a ROBS arrangement), the business itself pays income taxes on net profits, and the business owner pays taxes on income from salary and dividends paid to the owner from the […]
Archives for January 2022
8 Accounting Tips Every Small Business Owner Should Know
As a small business owner, you probably think about tracking expenses and keeping up with tax deductions, but these aren’t the only critical accounting tips you should know. Whether you’ve been in business for a while or you’re a new start-up entrepreneur, read on for our 8 best accounting tips. 1. Outsource your bookkeeping. For […]
5 Common (and Costly) Payroll Errors and How to Avoid Making Them
Payroll is one of the most important aspects of any business, but when it’s running smoothly, business owners don’t tend to think about it much. However, when there’s a payroll glitch, it jumps to the forefront of an owner’s mind. Here are several payroll mistakes that can cost you a bundle — and how to avoid […]