Bookkeepers Save You Time As a small business owner, time is your most valuable asset. Unfortunately, finding the time to deal with tedious paperwork, complicated tax forms and budget calculations is not always on the top on the list. Proper financial management is the cornerstone of getting your business off the ground and keeping it…
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The Benefits of Incorporating Choosing to incorporate your small business means more than just getting an INC after your business name. You may have noticed that many small business owners opt for an LLC, or limited liability company. Just like an INC, having an LLC protects your personal assets from being liable for your business…
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Understanding Draws If you are a shareholder in an S Corporation, you may be familiar with the concept of taking draws. S Corporation shareholders are entitled to a portion of the profits that a company earns in any given time. Your piece of this profit is referred to as a draw, which is calculated based…
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Calculate Your Tax Rate There are seven federal income tax brackets, each with different tax rate percentages. These range between 10% to 37% and are based on your income level for the previous year. As you bring in more money, it is taxed at a progressively higher rate. For instance, a single person who makes…
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Present for a Purpose Regardless of your profession, putting on a quality presentation helps position you and your business as an expert resource in the field. Don’t let a fear of public speaking cause you to shy away from networking and advertising opportunities gained through presentations. Here at Alron Management, Inc., we’re happy to assist…
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Not everyone with a business background is qualified to manage finances. Even for small businesses, bookkeeping can be complicated. Balancing payroll and profits, along with fixed and variable expenses, can easily get out of hand. When you have other important responsibilities to juggle (like day to day operations and staff management) it’s easy to become…
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Figuring Out Your Best Option If you work for a corporation, be it large or small, you probably have a few different options for setting up your benefits. Benefit plans change from year to year and can vary quite a bit depending on your employer. The best source of clarification is always your Human Resources…
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Don’t Let Taxes Sneak Up You They say that the only guarantees in life are death and taxes. If that’s the case, then why is it so many people wait until the last minute to start thinking about their taxes? Preparing for tax time throughout the year is the best way to make sure that…
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What is Wage Garnishment? Wage garnishment describes the situation where a portion of an employee’s pay is withheld to repay a debt. It’s commonly seen in issues like unpaid child support or taxes. The amount garnished is dependent on what the court deems to be the individual’s disposable income, meaning the money left over after…
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Why Budgeting is Important Setting up a budget for your small business is quite possibly the greatest determining factor in how viable your business will become. A budget lets you clearly identify if your company is making money or losing money before it’s too late. Budgets are a very important tool for business planning. Before…
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