Many of our payroll customers have been contacting us lately because their employees have been wondering how their tax rates and brackets will change under the new tax reform. We utilize Microsoft Dynamics GP for financial management and payroll processing. The team at Dynamics GP releases new tax updates as they are distributed by the government, so all of our customers’ payroll runs include all updated tax information.
The 2018 due date for certain entities to provide 2017 health coverage information forms to individuals has been extended. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals, which is a 30-day extension from the original due date of Jan. 31.
Year-end is fast approaching, as are the deadlines to get your forms filed with the government and supplied to your employees and vendors. Make sure to mark your calendars and get prepared to file on time to avoid IRS penalties.
When looking for a new fee accountant, it’s important to gather all necessary information from each prospective partner in order to select the company that best fits your needs. That all starts with drafting a request for proposal (RFP) that will highlight your needs and concerns that should be addressed in the completed RFP. A well composed RFP will lead to better proposals – giving you the ability to choose the partner that will best meet your needs.
While you’re managing your inventory, hiring and managing employees, perfecting customer service, developing your brand, and working in the trenches – who is balancing your books and cash flow? Without strong knowledge of finances and the ability to create and monitor a budget, you may be slowing killing your business.
As a provider of fee accounting services, we are regularly asked why a company would pay an outside business to help with their bookkeeping.
Are you falling behind on your books? Are you employees stressed out? If you see any of these five signs, you may want to look at hiring an outside bookkeeper.