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Five Reasons Why Payroll Outsourcing Is Necessary for Your Company

With expanding businesses, the complexities that are required to run your business keep on increasing. These complexities can be in terms of multiple layers of your company, be it administrative, financial, or marketing.   One such issue is payroll management. Even the most experienced businesses find themselves in a nightmare-like situation when handling payroll.   However, as problems arise, solutions are born alongside as well. For this case, the quick and easy way out is outsourcing payroll. But what are payroll outsourcing services? Why should you use them? Who should you hire? These are some of the questions that might pop up in your head.   Don’t worry! Dave’s Bookkeeping Services has got you covered! Read on to learn about the five reasons you should get outsourced payroll services for your business.   Let’s get started.   What is payroll outsourcing? To explain it in layman’s terms, payroll refers to

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The U.S. Education System Isn’t Giving Students What Employers Need

There’s a direct disconnect between education and employability in the U.S., where employers view universities and colleges as the gatekeepers of workforce talent, yet those same institutions aren’t prioritizing job skills and career readiness. This not only hurts employers, but also sets the average American worker up for failure before they’ve even begun their career, as new employees who have been hired based on their four-year educational background often lack the actual skills needed to perform in their role. To create change as an industry, we must provide greater credibility to alternate education paths that allow students to gain employable skills. Now is the time for employers to increase credibility for skills-based hiring, to remove stigmas around vocational education, and to move forward to create equal opportunities for all students

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TOP 6 BENEFITS OF BOOKKEEPING SERVICES FOR SMALL BUSINESS IN 2021

Starting a business is not an easy piece of work. And once you set the sails, keeping everything up and running becomes more demanding than ever. Don’t you agree?   You see, there are finances to manage, checks to be cashed, and deposits to be made, which is just the tip of the iceberg.    For small businesses, getting used to this world of commerce is no easy feat. However, there is always a solution if you look hard enough.   Is that why you stumbled upon this page? Does this resonate with your current situation? Are you looking for professional help to relieve some of your burdens?   Well, look no further because Dave’s Bookkeeping Services is here to help you navigate the endless waters of financial transactions.    But before getting into the benefits of why you should hire bookkeeping services for your small business, let’s get you

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How Midsize Companies Can Maximize Growth and Efficiency

In 2021, midsize companies are ready to grow by taking advantage of pent-up demand. But how can they fund the growth they seek? Many of these companies have the solution at hand but don’t know it. Data and research show that middle-market companies can fund much of their growth through efficiency. Often, however, companies look for efficiency by cutting costs in ways that actually defund growth and leave an enterprise anemic and stressed. The authors offer three approaches that feed efficiency and growth at the same time. First, look at the complete productivity equation. Second, manage your capital properly. Finally, take advantage of three unique cost-management opportunities.

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4 Payroll Mistakes That Could Get Your Business into Trouble

  If you run a small business and have employees, you know the importance of payroll. You may also know how much time and effort it takes to get things right. Instead of focusing all of your energy on payroll, however, what if you used services and resources from trusted professionals like Daves Bookkeeping & Tax Services to eliminate the stress and guesswork?    Interested in learning more? Then you can start with these tips for avoiding payroll mistakes.    Using a Personal Bank Account    For those who are just getting started in business, it may seem convenient to pay employees out of a traditional bank account. This could be a huge mistake with major consequences for your business, however, if you decide to use your personal account rather than a business bank account. Here are some reasons why:            Without a business account, you’ll

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Improve Your Law Office Productivity With QuickBooks

When it comes to accounting, QuickBooks is recognized as the number one business financial software out there today. That’s why so many law firms use QuickBooks for Law Firms. It takes the complexity out of your financial accounting process and makes life easier for you, your clients, and your vendors.   The program was designed specifically with the needs of legal practices in mind so it can handle all the financial management needs of your firm. And, when you combine Quickbooks with your case management technology, your firm can have a powerful, all-in-one law firm solution.   Here are some of the ways QuickBooks for Law Firms can make your law office more productive and efficient.     Tracks, records, and invoices for legal services rendered, which are often based on varying hourly rates. Records hours worked and then passes the time through to client invoice. Provides one-way synch of accounting data into QuickBooks that

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Should Your Business Be an LLC or an S Corp?

Here’s how to decide whether to incorporate your business as a limited liability corporation or an S corporation. You’ve finally decided to start a business of your own. Or maybe you have been running one as a sole proprietor, even moonlighting on the side, and have decided you need to protect your personal assets from those involved with your growing business. You might even decide that there could be a tax break in it for you. Whatever your reasoning, you’re likely contemplating a choice that many entrepreneurs face: Should your enterprise be structured as a limited liability corporation (LLC) or an S corporation (S corp), which is named after subsection S of Chapter 1 of the Internal Revenue Code? These two organizational forms have similarities and differences–which can make choosing between them and others, like a C corporation (which includes publicly-held companies), confusing at best. Each state might also have different

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Will Movie Theaters Survive When Audiences Can Stream New Releases?

Last month Warner Brothers announced that all of the movies it will release in 2021 will be available on Warner’s HBO Max subscription streaming service — on the same day they premiere in U.S. theaters. That includes such expected hits as Matrix 4, Dune, Godzilla vs. Kong, and The Suicide Squad. This announcement has had a seismic impact on the movie industry, for several reasons. First, prior to this announcement almost all major Hollywood movies were given a three-month exclusive theatrical release before they were available on in-home channels. Indeed, theater owners had threatened to boycott any studio that violated the exclusive theatrical release window — a threat that AMC Theaters acted on in April of 2020, when, to punish NBCUniversal for releasing Trolls World Tour simultaneously in theaters and on digital channels, it announced a boycott of all of the studio’s movies. Second, while several studios had released movies on digital channels while theaters were closed

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Pajamas Are the New Sweatpants—How to Wear Them Everywhere

Men and women are trading their sad WFH uniforms for snazzy sleepwear, spending every waking hour in snugly bliss. These expert tips will help you style PJs for almost any socially distant activity. PAJAMAS ARE at least partially responsible for keeping Vincent “the Chin” Gigante out of jail for decades. Starting in the 1960s, the late Mr. Gigante, a notorious New York mob boss, feigned mental illness in a surprisingly successful scheme to convince authorities that he couldn’t possibly be the head of the Genovese crime family. To keep up appearances, he’d meander through his Greenwich Village neighborhood mumbling to himself while wearing slippers, sleepwear and a bathrobe. His pajama game helped him elude arrest until the 1990s, at which point he was locked up for racketeering and conspiring to murder his Mafioso rivals. Need help organizing your books. We are here to help! Today, the Chin’s ploy wouldn’t fool anyone.

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How Managers Can Support Remote Employees

In the global transition from corporate hallways to home offices, we’ve left something behind: meaningful access to managers. Gone are the instant answers to unblock progress, information streams that managers are privy to before the rest of the organization, informal feedback and coaching while walking together after a meeting, and predictable process and structures for communicating about work and ensuring mutual accountability. Last week, during a coaching call, a senior director lamented, “I’m stalled because I don’t know how to connect with my manager on the less formal stuff — the way I used to.” He’s not alone. Manager distancing is frustrating employees and stalling work. But managers are finding themselves struggling, too. For every employee who is trying to reach their manager, a manager is attempting to connect with half a dozen or more direct reports, plus trying to get direction from their own boss. In a poll of

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These Tiny Last-Minute Tax Changes Could Be a Big Deal in 2021

From stimulus checks to early retirement-plan withdrawals, here are some late-breaking items that could alter either your 2020 return or how you approach your taxes in the year to come With taxes, small changes often add up to big differences—and major confusion. Last year Congress passed two important bills in response to Covid-19 that contain a slew of tax changes, with the most recent one signed by President Trump on Dec. 27. Some of the changes apply only to 2020, while others affect more than one year or take effect beginning in 2021. The new year also brings automatic inflation adjustments that slightly shift tax brackets and some other thresholds. That’s a lot to keep straight, so here’s a rundown of the most recent tax changes and when they apply, according to the Senate Finance Committee, plus an overview of this year’s key tax numbers. Happier New Year in 2021! •

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