As a small-business owner, it's highly likely that you've caught wind of payroll myths, and if you believe them without realizing they are mythical, then these nonfactual ideas might influence your approach to payroll. Read through to realize that it's possible to evade payroll myths instead of falling victim to these lies.
Many business owners don’t take full advantage of the tax deductions available to them, even though the deductions can help lower how much tax the business owes each year. Read through for insight into business deductions and learn about the important role they play in reducing your taxes.
What is in a name? The IRS knows the answer, even though the reasoning can be subtle. Read through to learn the differences between an employee and an independent contractor before you make an expensive error.
The IRS is reminding taxpayers that personal expenses pertaining to health and wellness cannot be deducted or reimbursed. Read through to understand why they are not considered expenses for medical care under the Internal Revenue Code.
Federal and state laws and regulations require you to keep payroll documentation for several years. But which documents should be saved and for how long? Read through to learn the details so that you will be ready should you ever be audited.
Most people know that generally, business travel is tax deductible. But there are a lot of rules and exceptions. Read through for an intro to travel deductions, so you can be sure you don't make any mistakes.