Reduce Payroll Costs
As a business owner, you are always looking for ways to cut costs and save money. If you aren’t you definitely should start reviewing your monthly expenses and seeing what is necessary and what is not! This could easily help you grow your profits. So, what if we told you payroll costs is an area […]
Creating and Sending a QuickBooks Backup File
Imagine this: You’re working with an accounting team and they ask for your QuickBooks files. Do you: a) easily prep and send the accountant your QuickBooks File or b) feel an immediate wave of uncertainty and ask yourself “How do I get all my info out of QuickBooks? First of all, if you’re a client […]
Paid Family and Medical Leave (PFML) is coming.
The Department of Family and Medical Leave (DFML) is on schedule to launch the PFML program in January 2021 for the state of Massachusetts. That means upon January 1, 2021 most PFML benefits will become available. What is PFML? Paid Family and Medical Leave (PFML) is a state program that offers up to 26 weeks […]
PPP FAQ’s On Owners & Non-payroll costs.
On Thursday August 27, 2020 the Treasury department issued further guidance about PPP Forgiveness that may impact you. The guidance included FAQ’s that relate to owners and non-payroll costs. To summarize and put it in simpler terms they stated the following: Owner-employees (S-Corp/C-Corp) – Are not subject to the Owner Limitations if they have less […]
QuickBooks: How to Share Data
When getting started with us we will often request access to your Accounting software, which many people use QuickBooks Online. Not sure how to do this? We can walk you through it! If you use QuickBooks online, here’s how you can give us access to your data: Sign in to QuickBooks Online at intuit.com. In […]
Social Security Tax Deferral Starts Now
An executive order signed by President Trump allows the employee portion of Social Security Taxes to be deffered starting September 1 – December 31, 2020. What this means is less tax now, but more tax later. This Tax Holiday will result in double social security taxes coming out of Americans checks in 2021. Not very […]
IRS Backed Up Causing Incorrect Tax Notices
Like many businesses, the IRS had to alter their operations during COVID-19. Ultimately this has lead to them being severely backed up affecting the time it will take to process mail in tax returns as well as billing notices. Billing Notices In June the IRS began to mail 20 million backlogged letters and notices to […]
Unemployment Tax To Go Up For Employers Due To COVID-19
If you own a business and have employees that you had to put on unemployment due to any reason related to COVID-19 you need to read this. This is extremely important because this could save you thousands over the next few years!! You should receive your benefit charge statements and reimbursable bills for the months […]
Loan Forgiveness Stalled
Ready to receive loan forgiveness? August 10th was the soft date that banks would start accepting PPP Loan Forgiveness Applications, but has been stalled due to pending federal legislation. Banks and others assisting with PPP Loans have been advised to wait for legislation to be finalized because the application process may change. What are the […]
Stratlign Inc. Voted #1 Accountant in Plymouth & the Lower South Shore Region by WickedLocal Readers
Plymouth, MA – Stratlign Inc., an accounting firm headquartered in Plymouth, MA, is pleased to announce that WickedLocal readers have voted Stratlign Inc. the #1 Accountant in Plymouth and the Lower South Shore Region in the 2020 WickedLocal Readers’ Choice Awards. “Today more than ever it’s so important to our organization that we put our […]
