Employee Classification: Exempt Vs Non-Exempt Employees
The differences between exempt employees and non-exempt employees can create a lot of confusion for employers and workers. Irrespective of whether you qualify for overtime pay or minimum wage, or work for more than 40 hours every week, the Fair Labor Standards Act (FLSA) governs the exemption status. Some jobs excluded from the FLSA Statute […]
The True Cost of Hiring an Employee: A Guide to Employer Payroll Taxes
Delegation is the key to successful entrepreneurship. Proven talent can bring new expertise to critical areas of your operations while helping to drive innovation across your business. But before you can start reaping the benefits of recruitment, you must be aware of the true cost of taking on an employee. Although you might think that […]
Document Management NJ – 5 Tips on the Best Way to Manage Work Flow
Managing work flow is one of the most important aspects of running a business. The better the work “flow”, the more efficient your company will run. Before you lose out on potential profits with your business, consider some of the tips below to effectively manage your work flow. 1 – Have a Document Management System […]
Vehicle Leasing Can Provide Tax Advantages for NJ Businesses
One of the most frequently asked questions accounting services receive from their clients involves “should a small business lease vehicles or purchase vehicles?” Business owners have the option of either financing/purchasing or leasing their company cars. There are pros and cons to both options. Listed below are some of the advantages and disadvantages for leasing […]
Toms River Bookkeeping Firm – 7 Tips for Effective Business Planning
If you run a small business, you should realize from the start that effective business planning will make all the difference. Working with a qualified Toms River bookkeeping firm is a good place to start, but there are a few other things you can do to improve the way your business runs. Here are seven […]
Should You Outsource Your Payroll to a New Jersey Payroll Service?
If you have a business with employees, you inevitably have to take care of payroll. This is one of the most tedious but necessary tasks of management. Did you know that you actually have the option to outsource this time consuming and non-profitable task to a New Jersey Payroll Service? Indeed, if you let a […]
5 Mistakes Every Business Owner Makes: Find Them Fast in QuickBooks
QuickBooks is designed to make your business run as efficiently as it possibly can. QuickBooks software allows you to manage your business without the hassle of having to manage stacks of paper to figure out where your business is going. Every business owner makes mistakes but QuickBooks allows you to easily identify and correct those […]
How to Fund a New Business
When you open a new business you need a source of capital to provide adequate funding. Having a funding mechanism in place is a prerequisite to any viable business plan. With the help of the right accounting service, you can devise a financial plan to launch your entrepreneurial adventure. Here are some tips that may […]
Building a Virtual Business Model by Outsourcing your Bookkeeping
A business model is, in essence, the way a business is structured to make money. If you want to build a virtual business model for your company, where you use information technology and the minimum number of employees, outsourcing your bookkeeping and payroll is a great first step. Here is a look at how to […]
Why Most Business Owners Pay Too Much on Their Tax Return
No matter how disappointing it may be financially, there is no getting out of the fact that every business has to file their NJ tax returns and their Federal tax returns on an annual basis. Most business owners actually pay more in Federal and State taxes because of simple bookkeeping mistakes. If you want to […]