Your Friday tax fact from Norcross based Business Financial Group.
No matter what the reason for your move may be, it's important to be aware of the implications for your taxes when you relocate to a new state. In this article, learn more about establishing residency, part-year tax returns, and more.
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How to File Taxes After Moving to a New State
If you have lost your job, there are a number of tax issues that you may encounter. They include severance pay, unemployment compensation, health insurance, pension plans and possibly a home sale. How you deal with these issues can profoundly impact your taxes and finances.
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Tax Consequences of Losing Your Job
A little inspiration from Business Financial Group. Wednesday Wisdom
U.S. citizens and resident aliens with financial interests in or authority over one or more foreign financial accounts (e.g., bank accounts or securities) may need to report these relationships to the U.S. Treasury's Financial Crimes Enforcement Network or face severe penalties.
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Foreign Account Reporting Due October 15
If you're like most entrepreneurs, you probably cringe at the thought of starting a new business in the midst of a recession. In reality, these periods of downturn may actually be the ideal time to launch your new startup.
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Actually, a Recession is a Great Time to Launch That New Startup
Wednesday Wisdom from your friends at Business Financial Group
Because accounting is used to communicate financial information, it is often called the language of business.
#WisdomWednesday #quote #quoteoftheday
The SBA has released yet another simplified application for PPP loan forgiveness: SBA Form 3508S. This form can only be used if the total PPP loan amount received by the borrower from their lender was $50,000 or less.
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The SBA Issues a Simplified PPP Loan-Forgiveness Application
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. Watch this video to learn more about some typical issues.
Everything you do as a small business owner financially is interconnected—and that means small business payroll and its related payroll taxes are an important subset of small business income taxes as a whole.
With this in mind, there are easy-to-use payroll tips for small businesses that will make every business owner’s life easier during tax season. And after reading through them, you should know you can also use these tricks before and after tax time, too.
1.Verify Payroll Is Compliant With the IRS
2.Review Documents and Data Entry for Accuracy
3.Prepare All Payroll Tax Documents
4.Complete Your Payroll Year End Before Your Business Taxes
5.Know Your Payroll Tax Deadlines
6.Know Your Payroll Write-Offs
7.Know Which Records to Keep (and How Long to Keep Them)
If you require any Pay-Roll Services, you can always contact BFG!!
#Payroll #services #business
Set yourself up for success with Monday Motivation from Business Financial Group
51% of small business owners are over 50, while only 16% are under 35 years old.
#facts #funfact #smallbusinessowners #BFG
A little inspiration from Business Financial Group. Wednesday Wisdom
#wednesdaywisdom
“Beware of little expenses; a small leak will sink a great ship.”
#WisdomWednesday #quote #quoteoftheday
An individual must have compensation in order to contribute to an IRA, unless the individual is a non-working or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse.
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Don't Miss the Opportunity for a Spousal IRA
Looking for a sign? Here's your Monday Motivation from Norcross based Business Financial Group
Allow your passion to become your purpose, and it will one day become your profession
.
.
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YOU ARE ON THE RIGHT TRACK IF THINGS GET HARDER
There could be no clearer signal for you to be on the right track.
If you keep moving forward, the further you come the harder it will get.
Always focus on the next level and mastering the problems you get confronted with step by step and you won‘t be stopped!
If they don‘t believe in you, fine. Just prove them wrong.
You can!👊🏼
#monday #mondaymotivation #BFG
Start your week on the right foot with Monday Motivation from Business Financial Group
The U.S. Small Business Administration (SBA) has initiated a compliance program to evaluate PPP borrowers whose loans are $2 million or more. Watch this video for more info on how your business can be better prepared.
Like or comment if you are going to commit to being consistent in order to achieve your dreams? 💖
Being consistent is so important in life and business, it’s one of the fool proof ways to continually grow and succeed 💯
#monday #mondaymotivation #BFG
Are you looking for a software accounting tool with a simple and easy-to-use interface? Are you looking for an accounting solution that automates manual tasks involved with accounting and bookkeeping? If so, you would be well served to choose the QuickBooks accounting software for your needs. However, just having access to this accounting software will not suffice. You will need help with setting up and using the QuickBooks accounting software, and that's exactly where we can help.
Business Financial Group is a leading QuickBooks accounting service provider and provides a complete range of QuickBooks accounting services, including QuickBooks consulting services. We can help you with anything related to QuickBooks, which is possibly the most popular accounting software used by small businesses. Our trained professionals are ready to help you get up-and-running with the QuickBooks bookkeeping accounting software.
If you'd like to receive more information about our Atlanta QuickBooks services, please call us at (678) 201-1275
#quickbooks #bookkeeping #BFG
Is cash flow management costing your business the time and money? Keep the expensive options for last and choose what brings more productivity and ROI. That said, cash flow management services from Business Financial Group (BFG) is what most corporates consider to optimize their revenue. It reduces the accounting errors and dependence on more resources.
If you don't want your team to spend hours struggling with account reconciliation, payable processing, budgeting, cash flow forecasting, fraud management, and contract review then outsource roles to a cash flow management service provider like BFG. We have worked with companies of all sizes to help them improve the revenue. We take care of your financial errands so you spend more time making decisions.
#cashflow #taxservices #BFG
Here's your tax fact of the week from your friends at Business Financial Group.
Get inspired. Some Wednesday Wisdom from Norcross based Business Financial Group
A budget is telling your money where to go instead of wondering where it went. ~Dave Ramsey
#quote #quoteoftheday #BFG
The Consolidated Appropriations Act, 2021, which was passed late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit.
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Interaction between PPP Loans and the Employee Retention Credit
The standard mileage rate for 2021 has is announced. How would it affect your business? Here is the full video that explains how the mileage rate would affect your business. Watch the full video. To know more visit @businessfinancialgroup.biz. standard
#taxservice #mileagerate #BFG
Here's some motivation for your Monday from Business Financial Group
The Internal Revenue Service recently issued the 2021 optional standard cents-per-mile rates for business, medical and moving purposes. Watch this short video to see if the new rates will affect your business.
