Your business lives and dies by your ability to buy and sell products on a competitive margin. But, you may take for granted why bookkeeping is important to the health of your business. Several mistakes—like errors of omission—can get in the way of keeping accurate booksRead More What Exactly Is an Error of Omission? Getting to Know This Common Accounting Mistake
With the passage of the Healthy Delaware Families Act (the Act), Delaware became the 11th state to guarantee paid parental, medical, and military leave for employees. Delaware paid family leave (PFL) touches the lives of both employees and their employers. While the Act won’t go into effect until 2025, there are a number of things […]Read More “The First State” Becomes the 11th: Delaware Paid Family Leave Coming Soon
If you’ve ever had to put together a schedule, you know the unique pain of a last-minute shift swap. You’ve created a highly exact work of art, after all. When someone changes it at the last minute, all types of problems can show up. Shift swapping can be unnecessarily complicated if you aren’t prepared. This […]Read More Best Shift Swap Practices for Employers and Employees
Your business is efficient and error-free all the time. Well, maybe it’s 90% of the time. Actually, maybe 85% of the time. OK, maybe it’s time to investigate with an accounting KPI (key performance indicator). With knowledge comes power—as soon as you know where improvements are needed, you can create a plan for future success. […]Read More Accounting KPI: How to Use Key Performance Indicators to Measure Success
You’ve finally come up with the perfect business. Now, it’s time to structure it. And if you’re torn between sole proprietorship vs. LLC (limited liability company) you might be wondering what business entity best fits your needs.Read More Sole Proprietorship vs. LLC: What’s Best for Your Business?
Before the pandemic, fewer than 6% of Americans worked from home. But by the end of 2022, experts project that number will increase to 25%. So, there’s some bad news: The confusion around state tax withholding for remote employees is going to stick around—at least for the short term.Read More Untangling Issues Related to State Tax Withholding for Remote Employees
The IRS suggests that you keep receipts and other records for gross receipts, purchases, expenses, assets, and any deductions you want to make (entertainment, travel, gift expenses, etc.). And as your business grows, tracking receipts can be a difficult task indeed. But, it’s getting easier with e-receipts. Want to go paperless? Read on for a […]Read More Best Practices: How to Organize Receipts Electronically