Payroll Archives - Incite Tax

Aug 19

Budgeting for Your Business: Paying Yourself First

By Walter Briggs Accounting, Business, Payroll No Comments

Your First Priority When Budgeting Your Business Let's dive into something every business owner grapples with: paying yourself. You’ve poured your heart and soul into your business, but when it comes to compensation, it’s easy to feel stuck. How much should you take? When should you take it? The balancing act between paying yourself and ensuring your business has enough to thrive can be daunting.…

Mar 13

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Should I Worry About 1099’s?

By Walter Briggs Blog, Business, IRS, Payroll, Tax Strategy, Taxes No Comments

Should I Worry About 1099s? No…and yes. If you're a freelancer, gig worker, or independent contractor, you're probably familiar with the infamous 1099 form. But if you're new to the game, you might be wondering: Should I Worry About 1099s? First of all, what is a 1099? It's a tax form that's used to report income that's not earned as an employee. If you're a…

Feb 26

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Employee Retention Credit is Available for You

By Walter Briggs Business, Cash Management, Payroll No Comments

Raise your hand if you received a PPP loan last year. Quite a few of you likely took advantage of that opportunity. If that loan happened to be enough to cover all your employee wages for last year, then well done. I hope that has given you a great head start on growing your business this year. For some of you it…

Aug 11

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How do you Choose? 1099 or W-2?

By Ryan Vaughn Business, Payroll, Tax Strategy No Comments

How will you ever choose, 1099 or W2? The IRS created a 20-point checklist that a business owner can use to determine if the new hire is an employee or a contractor. Just because one says he’s an employee or one says she’s a contractor doesn’t make the determination. The whole list has to be considered. Please also note that if you want the new…

Jan 28

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5 Tips for Improving the Hiring Process

By Ryan Vaughn Business, Payroll No Comments

By guest blogger: Steven Chen 1. Identify hiring problems. Discover what parts of your organization are having problems and why. You can do this by: Asking your HR and department heads for their opinions. ‘Why are people quitting? Why have they become problematic? Why are they being fired?’ Making sure each department and/or HR carries out exit interviews. Ask people who leave why they are leaving, and…

Dec 23

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How do you Choose? 1099 or W-2?

By John Briggs Business, Payroll, Tax Strategy 2 Comments

The IRS created a 20-point checklist that a business owner can use to determine if the new hire is an employee or a contractor. Just because one says he’s an employee or one says she’s a contractor doesn’t make the determination. The whole list has to be considered. Please also note that if you want the new hire to be a contractor, this list can…

Payroll

Budgeting for Your Business: Paying Yourself First

Should I Worry About 1099’s?

Employee Retention Credit is Available for You

How do you Choose? 1099 or W-2?

5 Tips for Improving the Hiring Process

How do you Choose? 1099 or W-2?

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