3-Ways-Financial-Reporting-Can-Grow-Your-Bottom-Line

3 Ways Financial Reporting Can Grow Your Bottom Line

Running a business in today’s economy is more difficult than ever before. Companies both large and small face unprecedented obstacles largely brought on by the COVID-19 pandemic and sales are down in nearly every industry. One way to…

Read more

Are You Required to Pay Self-Employment Taxes?

When you’re self-employed, you can enjoy benefits such as being your own boss and possibly even setting your own schedule. However, you’ll probably also pay more in taxes than somebody who is not self-employed—and that’s all thanks to…

Read more

Understanding the Profitability Analysis and Why You Need One

When clients meet with Counting House Associates for business counseling, one of the first things we recommend is completing a profitability ratio analysis. Knowing the profitability of a company is essential to gauging its health and making future…

Read more

Self-Employment and Health Insurance: What You Need to Know

There’s a lot to love about being self-employed and working as your own boss. Unfortunately, the lack of benefits (like retirement fund matching and health insurance) isn’t one of them. If you’re self-employed and are currently without health…

Read more

4 Common Small-Business Accounting Mistakes (And How to Avoid Them)

New to small business ownership? If so, you’re probably still learning the ins and outs of handling your small business accounting. Unfortunately, there are a lot of mistakes you can make from an accounting perspective that can be…

Read more

4 Things Employers Need to Know About 1099 Forms

When your business works with an independent contractor or freelancer, it is often necessary to provide him or her with a 1099 form at the end of the tax year. Specifically, the purpose of a 1099 is to…

Read more

The Department of Labor’s Final Rule on Independent Contractor Status

If your company uses independent contractors, you have probably noticed the confusion surrounding when and how to use that classification for the past few years. On January 7, 2021, the Wage and Hour Division of the Department of…

Read more

What All Employers Should Know About Wage Garnishment

The term wage garnishment refers to a legal process where one party can obtain a court order to have part of an employee’s paycheck held out and redirected to satisfy a debt. If you haven’t already, you can…

Read more

3 Common Mistakes to Avoid When Paying Self-Employed Taxes

Let’s be honest; owning your own business and being your own boss comes with plenty of perks. Unfortunately, it also comes with the responsibility of paying self-employment taxes, which can be a real headache. If this will be…

Read more

Small Business Tax Prep: 4 Costly Mistakes to Avoid

Tax season is often a stressful time for business owners, but it doesn’t have to be. By taking the right steps to prepare for tax season throughout the year, you can avoid a lot of the headaches and…

Read more