With all the uncertainty in the economy right now, many people are struggling to meet their day to day needs with 78% of people in the US living paycheck to paycheck. Different organizations have had to change the way they do things right now so we can all stay safe. Of course this pandemic has
How Small Businesses Can Survive The Covid-19 Pandemic
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