Jul 20, 2021 | Business Updates
When it comes to The Importance and Difference of Payroll Forms, there are many different forms required, which can be overwhelming. There are close to 40 tax forms listed on irs.gov that fall under the ‘filing and paying business taxes’ section, alone!...
Mar 24, 2021 | Business Updates
Like all things, this pandemic will eventually come to an end. But that does not mean businesses, large and small, have not learned some important lessons. Especially when it comes to beneficial financial items that could have been more helpful to have, had we known...
Oct 13, 2020 | Bookkeeping
When you have your own business (and are not taking traditional payroll), there is nothing worse than getting to the end of the year, preparing your taxes, and realizing that you owe WAY more than you anticipated. The government is not taking out taxes from your pay...
Aug 3, 2020 | Bookkeeping
Recently, we discussed Why Debt Payments and Owner’s Draws Don’t Show Up on a P&L, but Will be on the Balance Sheet. Since then, we’ve had a few questions on the major differences between the balance sheet and P&L statements. Therefore, we thought we’d dig in...
Jul 16, 2020 | Company Updates
We have Big News for Knecht Business Solutions! It is with great excitement that we share a big change coming to Knecht Business Solutions in the second half of 2020! We Are Growing! As a result of quarantine, many of us have been working from our homes over the past...
Jun 3, 2020 | Bookkeeping
With the tax filing extension moving to July 15th this year, due to COVID-19, we will discuss the Top 5 Tax Audit Red Flags to Watch Out For. 1. Not Reporting All of Your Income As you’ll remember from our blog on 1099’s which involved filing 1099’s, because the IRS...
