Blog Posts | Page 7

ACH (Automated Clearing House) payments are one of the oldest ways to move cash between accounts. While most payment methods, including credit cards, are ultimately settled with ACH transfers, it’s much less common for small businesses to make more direct use of them.
While there are many advantages to using ACH, this payment method won’t be a good fit for every small business or for every transaction. Let’s take a look at some of the pros and cons of ACH payments.

By knowing the basics of what tax deductions are and how tax deductions operate, you’ll be able to understand how to lower your overall taxable income and take the deductions you’re eligible for with confidence this tax season.

A tax credit is an amount of money taxpayers can claim to decrease the amount owed on taxes. Tax credits affect the total a taxpayer or business owes at the end of their tax calculations by allowing you to reduce the amount of money owed, or even in some cases, increase the amount received in a tax refund.

When you need merchant services with next-day funding, the most important thing is to select a payment processor that can accommodate you. The best credit card processing companies can provide next-day funding, and some even offer same-day funding or instant transfers.

Tax credits are a great way to lower the amount of taxes you owe the IRS and can even increase your tax refund if you’re lucky. With over 30 tax credits available to small business owners, it can be overwhelming to learn which tax breaks you should (or are allowed to) take.

A tax deduction is a business expense you can use to reduce your total taxable income. According to the IRS, expenses that qualify for deduction must be “both ordinary and necessary.” Expenses that meet these requirements can be written off on your tax return, saving you hundreds or potentially thousands of dollars each tax season.

How much does payroll software cost? It varies by business, software, and personal requirements, but in general, you can expect to pay around $44/month + $6/employee per month for payroll software that offers essential payroll software services.

To choose payroll software for your business, you’ll need to assess your business’s payroll needs, determine which payroll software meets those needs, narrow down your options, and make a final decision.

There are four types of payroll software systems to choose from: traditional payroll software, industry-specific payroll software, payroll software for accountants, and professional employer organizations (PEOs). Each option will make it easier to process payroll for your business, but may be designed for specific users or provide advanced services.

Payroll software is a good investment for most businesses looking to streamline their payroll processes. However, the learning curve and cost of payroll software may be enough to cause some small business owners pause.