Bookkeeping Advice for Small Businesses

2020 has been a rough year for economies all over the world. As the pandemic hastened the lockdown, small businesses were severely affected. A whopping 70.9% of small businesses reported having suffered negative effects due to the COVID-19...

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Top 10 Tax Mistakes: How to Avoid Them, Part 1

It’s that time of year. The time when we all start looking at our pile of receipts and mountain of tax forms with dread. When preparing your tax return, even a little mistake can cause problems. You could end up with a larger tax bill than you...

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Top 10 Tax Mistakes: How to Avoid Them, Part 2

6. You’re misclassifying your employees, including your spouse Your tax liability will be different depending on if you use independent contractors, employees, or a mixture of both. Employees must be paid at least minimum wage, and you have to...

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