Employee vs. Independent Contractor: What’s the Difference?

As your business grows, so may your need to rely on other professionals for help. Whether you decide to onboard more part- or full-time employees or work with independent contractors, you’ll need to understand the differences between these worker classifications…

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4 Questions to Ask When Selecting a Business Health Insurance Policy

If your business has 50 or more full-time employees, then you are most likely required by law to provide health insurance coverage to your workers. Whether you’re shopping for a group health plan for the first time or are looking…

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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…

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Everything You Need to Know About Business Counseling

Business counseling is a service that can provide a lot of value to businesses of all sizes and in all industries – and it is one of the services that we are proud to offer at Counting House…

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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…

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Could Your Business Benefit From a Document Management Solution?

Is your business still storing its documents the “old-fashioned” way in filing cabinets? If so, then it may be time to make the switch to a document management solution. In doing so, you can streamline operations at your…

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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…

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Buried in New Hire Paperwork? Counting House Can Dig You Out

Hiring a new employee is a lot of work. First, your company needs to craft a job advertisement and then select candidates for interviews. Then comes checking references and running a background check to ensure your business is…

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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…

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Self Employed? Don’t Overlook These Tax Deductions!

When you’re self-employed, tax time can be especially stressful. This is especially true if you owe self-employment tax, which can easily eat up 15.3% of your taxable income. The good news? There are plenty of tax deductions offered…

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