Blog categorized as Payroll Accounting
There are many financial and tax benefits to running an S-Corp, but it also makes you responsible for compliance with IRS regulations. Determining reasonable compensation is one of the main areas where S-Corp owners are at risk. If you fail to follow the IRS guidelines you can be hit with serious pe...
When it comes to contractors, financial management feels like juggling multiple balls in the air all at once. Contrary to conventional employees, contractors are expected to pay their own payroll, expenses, and taxes — a task that is precise and strategic.
Good accounting practices not only help cont...
Payroll in the construction industry has its own set of challenges to manage, especially when it comes to dealing with different workforce types, project lifespan and fluctuating labor demands. Apart from the desire to maintain employee satisfaction, efficient payroll management is still important f...
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