After the World Health Organization declared Covid-19 a pandemic, small businesses had to adjust their operations in order to accommodate the expected changes. As a result, most of them are working with their communities to contain and mitigate the spread of the disease. While such efforts are
Dental Practice KPIs to Track
All business need to focus on their key performance indicators (or KPIs) if they ever hope to increase their business. However, for different styles of business there are, of course, different styles of KPIs. For dental practices in particular, here's some of the KPIs to track to ensure the best
Are ‘Cash Only’ Businesses At Greater Risk For Being Audited?
Some small businesses refuse to take credit cards due to the risk (and wealth) of fees that come with them. Chargebacks being one of the prime issues, where, if you exceed a certain amount, you'll be end up being blacklisted from the credit card company. Additionally, as it's "credit" you can also
Don’t Forget to Report Your Miscellaneous Income!
Taxpayers must report all income they earn and receive in a year on their tax return. Often times, however, people neglect to report several types of miscellaneous income. For instance, self-employment income where no 1099-misc is received, bartering income, gambling winnings, and prizes. Do I
Can I Deduct Senior Care if I’m the Caregiver?
During tax season, it can sometimes seem as if your entire previous year becomes a question mark. What can you claim, how can you claim it, and how much can it be claimed for… all questions that become repeatedly asked of all life’s situations. One particular situation that has multiple answers
Managing Business Risks: Prevention, Strategy, and External Risks
Some of the invariable truths we have collectively learned in a society are as follows: Rules are only there to draw guidelines and set expectations.Punishment doesn’t stop problems from happening, but conversations can.Prevention techniques are the best techniques for avoiding a problem all
Form 941: The Lookback Period
Before diving into an explanation of what the lookback period is, you must first understand what the Form 941 is used for, since the lookback period is a tool specifically used to help file this form. The 941 is also known as the Employer’s Quarterly Federal Tax Return, and needs to be filed
Making Decisions and Sticking By Them for Your Startup
Every business starts much the same way; with an idea that someone is inspired to pursue. However, regardless of the necessity of this grand new product, many businesses do not make it past the "startup" point. Of course, this can be for any number of reasons: loss of investor funding or lack of