The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Business · 1 min read ·
Work Opportunity Credit
https://youtu.be/y6O5uhfEK8s Are you an employer looking to hire staff in your company? Are you aware that there's a federal tax credit available to you? If you hire someone from a targeted group, the Work Opportunity…
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Business · 3 min read ·
The Basics of Payroll Taxes
If you are a small business owner, one of the financial requirements you are responsible for undertaking on behalf of your company is the collection and payment of payroll taxes. Payroll taxes, which are a percentage…
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Business · 3 min read ·
Preparing for 2021 Tax Prep
https://youtu.be/GMRnOZg15iI Are you beginning to think about your tax preparation and what you need to submit to your CPA in order to file your tax return? Today I wanted to discuss a few things to make sure you're c…
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Business · 2 min read ·
Businesses with Telecommuting Employees May Save on Taxes
If your staff is dispersed in a large geographical area, you may be overpaying on local taxes. According to CPA Practice Advisor, business owners can often save on local and municipal taxes when they have a distribute…
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Business · 3 min read ·
IRS Mistakenly Distributes Failure to Deposit Notices
The IRS recently sent out a flurry of penalty notices to employers who they claim did not deposit adequate funds with their quarterly Form 941 filings. This has left many small business owners scrambling to find out w…
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Bookkeeping · 1 min read ·
The New 1099-NEC Form
https://youtu.be/fcX-_nFMm5s Are you aware that there is a new 1099 form that must be filed in January 2021? That form is called the 1099-NEC. This form is for those who are paid non-employee compensation as independe…
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Business · 2 min read ·
Year-End Tax Planning
https://youtu.be/zVWFPrGpFCI As business owners, it is important to know what your tax liability would be before the filing deadline comes around as a bookkeeping company. I always recommend that my clients meet with…
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Business · 3 min read ·
California Raising Income Tax?
Though their state already has the highest personal state income tax rate in the nation at 13.3 percent (beating the next closest state, Hawaii, by 2.3 percent), California legislators are considering an Assembly Bill…
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About · 3 min read ·
Your Guide to Business Insight Reviews
When it’s time to pay your company’s taxes, it’s natural to turn to a tax professional for help. Did you know that your bookkeeper can provide more than just data entry and reconciliations? Accounting professionals ca…
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Business · 2 min read ·
Trump Considering Capital Gains Indexing
With the possibility of a second wave of stimulus checks dwindling, President Donald Trump is looking to other methods to help the economy, including indexing capital gains taxes. Capital gains refers to the profit ma…
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Business · 2 min read ·
Trump Considering Capital Gains Indexing
With the possibility of a second wave of stimulus checks dwindling, President Donald Trump is looking to other methods to help the economy, including indexing capital gains taxes. Capital gains refers to the profit ma…
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Bookkeeping · 1 min read ·
What Deferral Means
https://www.facebook.com/AffordableBookkeepingAndPayroll/videos/1097160887384478?source=13&player_origin=unknown&__xts__[0]=68.ARCE9PNwCearVGfPSei_ikn1GcQQVbAtEeHOGopXvGIOxSsrQWqBsLPZWlcXNcuCNWOHpJPy1Zhym5qS0OUFk42vdX…
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