Business and Personal Finance: Never Mess Around with Payroll Taxes

Managing the Payroll – Never Mess Around with Payroll Taxes One common and potentially business-crushing mistake made by new employers is using withholding taxes as a business bank account. Rather than make payroll deposits in full and on time, they cover their other cash-flow gaps by borrowing from the payroll tax account. Doing that is … Read more

Business and Personal Finance: The Everyday Transactions

Setting Up a System – The Everyday Transactions Most companies have the same types of day-to-day transactions, and almost all of these involve revenue and expense accounts. Each of these common transactions involves some kind of document, whether it’s an invoice, a receipt, a check stub, or some cash register tape. From these source documents, … Read more