If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. To avoid major mistakes, learn how to fill out Form 941 line by line.Read More How to Fill Out Form 941: Your Step-by-step Guide On the 2022 Form
S corporations can take advantage of retirement plans. However, there are certain rules you have to follow when it comes to contributions and retirement plans for S corporations. Learn about the various types of retirement plan options for S Corps and how to handle S Corp retirement contributions the right way.Read More How Do S Corp Retirement Contributions Work?
At some point or another, you may turn to a lender to borrow funds and need to eventually repay them. And when that happens, notes payable come into play. Learn all about notes payable in accounting and recording notes payable in your business’s books.Read More What Is Notes Payable, and How Do You Record Them in Your Books?
As an accounting professional, it’s your mission to help your clients keep their books as clean and accurate as possible. Well, at a fair and reasonable price, of course. But, how much should a bookkeeper charge for services? We’ll break down the factors that go into cost and averages so you can answer the question, […]Read More How Much Should I Charge for Bookkeeping Services?
When it comes to running your business, you may need to obtain a business license and permit to operate. But, what are the steps to obtain a business license? Welcome to your rundown on how to get a business license.Read More How to Get a Business License in 4 Simple Steps
Update! On April 29, 2022, Minnesota signed a Trust Fund Replenishment bill into law, changing the 2022 Special Assessment (Federal Interest Loan Assessment) from 1.80% to 0.00%. The majority of employers must pay state unemployment insurance (aka SUTA or SUI tax). And if you’re an employer in Minnesota, you’re subject to a few additional taxes, […]Read More Your Go-to Minnesota Federal Loan Interest Assessment Guide
Want to find a certain product or service’s profitability? Of course you do! To determine how profitable your offerings are and what kind of adjustments your business needs to make to increase earnings, learn how to calculate contribution margin.Read More How to Find Your Business’s Contribution Margin to Determine Profitability
When it comes to your business, at some point or another you may need to borrow money from investors, lenders, etc. to help grow. One thing they typically look at before shelling out any funds is your financial metrics, like leverage ratios. This article breaks down: Leverage ratio definition 5 leverage ratios to keep in […]Read More 5 Leverage Ratios You Need to Know
Whether you know it or not, your business likely has a number of stakeholders. But, what is a stakeholder? Keep reading, and we’ll give you the scoop on the stakeholder definition, types of stakeholders in business, and more.Read More What Is a Stakeholder in Business?
When you’re an applicable large employer, you have to follow specific rules. But, how do you know if you’re an applicable large employer? And, which regulations do you have to follow? Welcome to your ultimate applicable large employer guide.Read More Am I an Applicable Large Employer? Get the Answer With This Guide