Bookkeeping News & Tips

Advantages of Our Cloud Based Bookkeeping and Payroll Program

You may have noticed a trend in computer technology towards cloud computing and away from client/server technology. This is a movement towards greater flexibility. As it pertains to our TaxSlayer Books Online, there are a slew of benefits to you, the user. We’re going to delve into a few of the top benefits right now. [More]

New TaxSlayer Online Bookkeeping and Payroll!

We are excited about the release of our newly revamped dashboard and hope you’ve had a chance to check it out! We understand that when you own a business, time can be your most valuable asset. The new enhancements make it easier for you to spend less time navigating the program and more time running your business. [More]

All Employers Must Use New Form I-9

The U.S. Citizenship and Immigration Services (USCIS) will no longer accept previous versions of Form I-9, Employment Eligibility Verification. Effective May 7, 2013, employers must use the revised Form I-9 (Revision 3/8/2013) for all new hires and re-verifications. All employers are required to complete and retain a Form I-9 to document verification of the identity and employment authorization of each new employee (both citizen and noncitizen) hired after November 6, 1986, to work in the United States. [More]

Small Business Taxes: The Virtual Workshop

Have you just started your small business and are unsure of how to meet your small business tax obligation? Are you a seasoned business owner who is just a little unclear on what you small business tax obligation is? If so, the IRS has a workshop just for you.The IRS offers Small Business Taxes: The Virtual Workshop which is a series of videos that walk you through what your tax liability may be and how you can take care of it properly. Also the videos touch on topics such as setting up employee retirement plans, payroll taxes, tax deposits, and hiring people who are not U.S. citizens. [More]

The Paying Yourself Series: Shareholder Loan Or Officer's Compensation?

The procedures for compensating yourself for your efforts in carrying on a trade or business will depend on the type of business structure you elect. In the Paying Yourself Series we will cover topics that frequently arise when new business owners ask questions about paying themselves. The series will cover corporate officers, partners, dividend distributions, treating employees as nonemployees, reasonable compensation, draw account and this week’s topic shareholder loan or officer’s compensation. [More]