If you’re like a lot of ecommerce business owners we’ve worked with, you’ve probably avoided hiring anyone in your business until you absolutely have to. Hiring strategically is important. However, deciding how to classify your new hires can be ambiguous at times.
One of the biggest costs you can absorb when starting and growing your business is payroll. The learning curve on training someone is big, so if you’ve made the wrong hire, you’re going to have to start all over again with somebody else. The process gets expensive quick because you waste time and energy on all kinds...Read More
If you sell widgets, which you buy wholesale for a dollar each and retail for four dollars each, you make three dollars on each widget you sell, right? When you try to balance your accounts at the end of a particular month, you compute the costs of your wholesale widgets. You bought 2000 widgets...Read More
Year end is huge for tax accountants because of the payroll and contract labor filings the IRS requires businesses to do. It’s important to know what documents you need to have in order, as well as how to compile the information and the due dates for submitting them. An accountant can guide you in this,...Read More