An employer’s SUTA tax rate is susceptible to fluctuation. If yours is escalating, contrary to popular belief, you actually might be able to reduce it! Check out these five strategies to curb your SUTA tax rate. Because the State Unemployment Tax Act – or SUTA – tax is mandatory, you may think you have no […]
How to Use Rules in QuickBooks Online Transactions
Maintaining your transaction registers conscientiously leads to a clearer understanding of your finances. Last month, we talked about the types of best practices that can lead to more effective use of QuickBooks Online and, ultimately, more thorough knowledge of your finances. The first one was this: Go through your new transactions every day. Categorizing and […]
General Overview of Business Deductions
General Overview of Business Deductions Business expenses are the cost of carrying on a trade or business, and there may be some tax breaks there. But a lot has changed in recent months, and the rules can be complicated. Are there business deductions you can take advantage of? Yes, but first you have to […]
The Life of an Estimate in QuickBooks Online
Estimates—or quotes, or bids—are useful tools when you’re pitching a sale of products or services. Here’s how QuickBooks Online handles them. Sales estimates are standard procedure in many professions. You wouldn’t authorize a car repair without one. Nor would you OK a remodeling job on your kitchen or a summer’s worth of yard landscaping without […]
4 Areas to Consider When Transitioning Employees to Working From Home
For businesses that haven’t traditionally embraced remote employees, it may be difficult to get up to full speed with the current turn of events. To make the inevitable transition less overwhelming, we assembled a handy checklist of actions to consider while adjusting to the new workplace reality. Organization Access your staff members and/or roles that […]
Foreign Investments and the Foreign Tax Credit
To many people, foreign investments are very attractive. However, when calculating the potential dual-country tax liability, the blush fades from the rose. That’s especially true in many quasi-socialist countries, like France, the UK, and Spain, where taxes are quite high. Fortunately, the Foreign Tax Credit offers a great deal of relief. Expat or domestic taxpayers […]