Search results for: “payroll”
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Sample professional payroll service agreement
What do you get when you hire a professional accountant to handle your payroll accounting and wage tax issues? This is certainly a fair question since the level of service seems to vary widely between providers. Some payroll service providers, I understand, do not even put the details of their services in writing. The professional…
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Who is responsible when the payroll service screws up?
A new legal case might give some insight to responsibility for compliance with the maze of federal, state and local laws controlling electronic banking and payroll transactions Most small businesses that pay employees or contractors use a third-party payroll accounting service to handle the required record-keeping and tax payment transactions. These services are inexpensive, typically…
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How much does payroll service cost for a very small business?
How much does payroll service cost for a very small business? This is a simple question without a simple answer. As we might suspect, the answer is wrapped up in the details. 1. Service contract – Who pays penalties for screw-ups and responding to an audit? How reliable is the provider’s assurance? Keep in mind that a…
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Small business advisory services
1. Financing and Building the Business 2. Building Sales and Operations 3. Save Money by Cutting Costs 4. Protect What You’ve Earned
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Small business FinCEN compliance for 2024
This post details the compliance procedure that we will use for our own businesses, affiliates and clients under our control. Others may use a different procedure. If you own, operate or control a small business corporation or a limited liability company, you may need to file a new report with the federal government this coming…
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How to prepare financial statements for a nonprofit board
If you are a bookkeeper for a nonprofit organization, the focus your job is to present information in a useful form to the organization’s management. What information should be prepared and how should it be presented? The simple correct answer is ‘however the board says’. But it often is not so simple. The problem is…
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How the change in abortion law affects small business accountants
I’ve spent almost four decades dealing with small business owner resistance and noncompliance with employee benefit tax laws. This makes me think that I can predict the outcome of the recent SCOTUS ruling that has divided the nation; at least it’s result within our industry. Looking back in time, we observed the effect of business…
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Engagement Agreement
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This is the Best Practices Engagement Agreement of Tony Novak CPA that: is meant to put into writing the best business practices that will lead to our joint success.is written in plain language and organized in a way that is meant to be most practical, useful, logical and searchable. replaces all previous engagements unless specifically…
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Why form an LLC? Avoid workers compensation requirements
This is part of a series of short videos on Limited Liability Companies.
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Everything you want to know about LLCs
I am creating a series of short video blog posts on Limited Liability Companies. This page is in development stage and will be published ‘piecemeal’ as content is created. What is an LLC? Is an LLC an entity? What is a “disregarded entity” LLC? Why does government sometimes refuse to recognize my LLC? Why does…