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​In Pursuit of Profit

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1/27/2018

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The Best Payroll Services for Small Businesses

 
​Payroll continues to get more complicated.  This month new minimum wage and sick pay regulations went into effect in Washington State, requiring more paperwork and tracking.
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Depending on the type of business and your location, payroll can be complex. For instance, according to Oregon regulations, it is permissible to pay wages by the hour, as a salary, in commissions, or at a piece-rate. There are tip credit considerations, vacation pay, holiday pay, bonuses, and severance pay, sick pay, retirement plans, minor regulations, L&I rate considerations. Wage agreements may be made between employers and employees as a part of the employee’s total compensation.  

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1/22/2018

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The Differences Between a CFO, Controller and Accountant

 
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Should you hire a CFO, controller or an accountant?

One definition of an accountant is a professional who performs accounting functions such as audits or financial statement analysis who usually has a variety of administrative roles within a company's operations.  Accountants may perform financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or company's financial operations. Accountants can be employed with an accounting firm, a large company with an internal accounting department, or can set up an individual practice.

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1/14/2018

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Ten Tips for Choosing a Tax Preparer

 
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It’s the time of the year you are likely to choose a tax preparer to help file a tax return. It is difficult to know who is trustworthy and who keeps up the latest tax laws. Regardless of who prepares the reports and files the return, you are the taxpayer and responsible for all information on your income tax return. 

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1/8/2018

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W-2, W-3, 1099-MISC, Information Returns Due Date: January 31

 
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In case you missed it, congress passed provisions in the Protecting Americans from Tax Hikes (PATH) Act of 2015 that accelerate the due date to January 31 for filing information on wages reported on Form W-2, Wage and Tax Statement, and information on nonemployee compensation, effective for returns and statements relating to calendar year 2016.

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