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How Payroll Impacts Your Employee’s Trust

Effective small business management requires your employees to trust you, and an essential aspect of maintaining employee trust and morale is proper payroll management. One of the quickest ways to lose your employees’ trust is to mismanage their money, resulting in a late paycheck, missed wages, or other issues. In return for losing this trust,

How to Make the Most of Small Business Tax Deductions in 2020

Managing finances is a critical function of small business management, and with the arrival of tax season, now is the perfect time for small business managers to review potential tax deductions for 2020. By making deductions, you can reduce your taxable small business profit — meaning, you’ll owe less in business taxes. This can help

How to Tell if Your Business Needs a New Accountant in 2020

One major aspect of successful small business management is overseeing your company’s accounting and bookkeeping practices. Of course, you can’t do it all yourself. That’s where CPAs come in. Accountants can take a lot off your plate and should be able to help you navigate the financial challenges that come with running your business. However,

Final Paycheck Compliance in California

One important aspect of successful payroll management is understanding and complying with the final paycheck compliance laws. Violating these regulations can lead to penalties and fines. As final paycheck compliance laws vary on a state-by-state basis, it’s essential to be familiar with the rules of your state. The differences in state laws can be complicated,

What to Know About the Los Angeles Minimum Wage Increase

Businesses located within Los Angeles City or County should be aware of the Los Angeles minimum wage increase that took place on July 1st this year. It’s important to know your responsibilities as a business as well as what penalties you may face if you don’t comply with the new requirements. A key aspect of

Bookkeeping vs. Accounting: What’s the Difference?

Small business management is often more complicated than people think. In order to be an effective small business manager, you have to understand any and every aspect of your company. One subject that most new business managers aren’t prepared for is the difference between bookkeeping and accounting. It’s common for people to use these terms