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Payroll errors and how to avoid them

ThomsonReuters

For business owners, payroll is complex and often their greatest expense. Misclassifying employees Businesses need to properly classify workers (i.e., Overlooking fringe benefits A fringe benefit is a form of pay for the performance of services. Let’s take a closer look at each problem.

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7 key factors to consider when hiring new accountants for your firm

ThomsonReuters

Every tax and accounting firm is unique, so there’s really no one-size-fits-all approach to hiring. Over the years, the role of tax and accounting firm employees has become increasingly digital-focused. Good business acumen. Knowledge of finance and accounting is, of course, vital when hiring for a tax and accounting firm.

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How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

Jump to: How are LLCs taxed? How can an LLC reduce its taxes? Managing an LLC As a business structure, the primary purpose of an LLC is to protect the owners’ personal assets from debt collection and lawsuits aimed at the LLC. How are LLCs taxed? Federal Insurance Contributions Act), or “self-employment” tax.

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App Valuation: How to Build, Value and Sell an App

FE International

Just like any online business, apps of all kinds require special considerations when it comes time to sell. As the market-leading advisor for online business sales, the team at FE International answers questions every day about the best practices of selling an app business. The two might overlap more than you expect!