Are you ready to prepare your small business taxes? Have you paid workers’ compensation to an employee? Do you pay workers’ compensation premiums monthly? Are you taxed on workers’ compensation? What do you need to know about workers’ compensation and taxes? As tax specialists, we get a lot of questions on how workers’ compensation affects …
Workers Compensation and Taxes | What You Need to Know Read More »
Have you just begun a new business and are looking for the right business strategy? Do you wonder if the path you are taking will lead to success? What does your competitive market look like? Are you going through a ton of decisions with a new business? If you are just now beginning a business, …
How to Achieve Success with the Right Business Strategy Read More »
Learn all about the strategic management process, how it works, how it can benefit your business, and how to apply it to your business in this article. It will explain what the strategic management process actually is, including the five stages involved in the process. Next, we’ll take a closer look at what it takes …
The Strategic Management Process | How to Apply It to Your Business Read More »
Are you looking to turn a hobby into a business? Do you want to grow your hobby into something more? Have you already succeeded in doing so? When it comes to personalized tax or business tax, you need to know what you must pay and how to file your taxes the right way. At Borshoff …
3 Tax Implications of Turning a Hobby into a Business Read More »
As a small business owner, there may be many factors to running a business that are new to you. Determining whether someone is an employee or contract worker is likely one of those things. Knowing the difference between the two is something that is often looked over by business owners in favor of more pressing …
Employee or Contract Worker | What Employers Need to Know Read More »
The code of ethics in accounting is a set of basic ethical guidelines that professionals must adhere to. These ethical guidelines are more closely described as general principles applying to honesty, morals, and integrity. However, the “code of professional conduct” is a specific set of rules enforced by governing bodies of certified public accountants. These …
5 Reasons Ethics in Accounting Matter in Business Read More »
It is expected that business will boom for many companies after the pandemic has ended. As businesses grow, so will the need for new talent. A talent shortage is expected, as many companies will be looking to aim for the same thing – to hire and keep great employees in a highly competitive market. There’s …
Fleet management is accompanied by lots of paperwork and may involve Hours of Service (HOS), CDL (Commercial Driving License) licenses, inspections, training, mileage, etc. Due to compliance regulations, these things are mandatory. Knowing how to create a mileage log can be very beneficial to you. When making calculations for your CSA (Compliance, Safety, Accountability) scores, …
How to Create a Mileage Log (Your Step-by-Step Guide) Read More »
Standing out in a crowded market is the goal of every growing business in competitive industries. Yet, a competitive edge doesn’t happen overnight. Developing competitive strategies is what sets successful companies apart from the rest. Dominating an industry, attracting new customers, and positioning the company in the market requires a detailed plan of action that …
Gain The Best Competitive Strategies In Your Business Read More »
A payroll tax is a tax an employer deducts from the paychecks of his or her employees to pay to the IRS on the employee’s behalf. This tax is generally applied to wages, salaries, and tips received by the worker. Once deducted, the taxes are paid directly to the Internal Revenue Service (IRS) via the …
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