Tax

In the U.S., employers are responsible for setting aside a portion of their employees’ paychecks designated for federal income and payroll taxes. Although the process is relatively simple, failing to allocate these funds for payroll taxes can result in serious consequences. This article outlines the consequences of failing to pay these taxes and how employers…

Payroll taxes can seem rather self-explanatory since they are simply taxes being withheld from an employee’s paycheck. However, most employees are less familiar with the type of taxes they are paying, why they are paying them, and exactly how much money is being withheld. Employers, too, should be aware of their responsibilities regarding payroll taxes.…

S Corp deadlines, eligibility requirements, and filing procedures can be tricky to navigate. In fact, you may often find yourself wondering if being taxed as an S corp is worth the hassle. In this article, we’ll discuss how to become an S Corp, the deadline for electing, and what to do if you miss it.…

Your salesman lands a big account with a well-known retailer and you’re ecstatic. It’s what you’ve dreamed about for so long. You rework your sales forecast and you can’t believe what the final projected top line number. But, then you get to the end of the year and while your top line mirrors your forecast,…

Financial planning analysts and Chief Financial Officers (CFOs) work together to properly manage a company’s finances, an essential goal for any successful business. While these two roles are closely related in their pursuit to strategically support and maintain a company’s finances, this article details how financial planning analysts assist CFOs in company decision-making.   Overview…