Selling Your Home: The Tax Angle
The buying and selling of homes are the largest financial transactions you may make, and as with most financial transactions, there’s a tax angle. If you know what your tax implications …
Construction: How to Manage Your Cash Flow
Most owners focus on operational activities, not seeing how decisions like financing purchases and selling assets make a difference. Projecting future cash flow isn’t easy, but it’s even more complicated …
Payroll Tax Rates and Contribution Limits for 2022
Below are federal payroll tax rates and benefits contribution limits for 2022. Social Security Tax In 2022, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2021. The …
How to Manage Inventory
Do you always have the necessary products available when you need them? Have you lost out on business because items were out of stock? Have you lost money due to …
Can You Be Exempt and Non-Exempt at the Same Time?
You can allow an employee to work two different jobs for your company. However, under the FLSA, you cannot classify an employee as both exempt and nonexempt — it must …
Why You Need Accurate Monthly Financials
Monthly financial reporting helps owners, managers and potential lenders get a better understanding of a company’s current and future financial status. You can see financial trends when you examine daily, …