The political climate over the last year has resulted in various protests and riots on American soil. As a result, many people who had not previously had an encounter with the law found themselves being arrested.
This led many employers to ask, "Can I fire my employee because they were arrested?" The answer is complicated due to protections for employees, which we will cover here.
Because women, veteran, and minority-owned restaurants are a small portion of the restaurant industry, they were granted a priority application period for the Restaurant Revitalization Fund.
The priority application period for underrepresented restaurant owners came to a close on May 21st, and now the fund is open to all restaurant owners on a first come, first served basis. If you're in the food and beverage industry, has your accountant proactively spoken to you about this? If not, keep reading for details.
When we sit down with clients who don't have an HR department, they often ask us about new hire reporting. While we recommend that businesses of all sizes work with at least one HR professional (even if it requires partnering with an outsourced company rather than hiring internally), this is one of those things that can be done by the business owner - with the right knowledge, of course. Here's what you need to know.
Why is it so important for underrepresented U.S. business owners to take advantage of benefits like the Restaurant Revitalization Fund? Everyone deserves the American Dream.
The Restaurant Revitalization Fund is currently open to women, minority, and veteran-owned businesses as a priority until May 21st. If you fall into any one of these categories, has your accountant proactively spoken to you about this? If not, keep reading for details.
If you're staying on top of things this year, you should be getting your tax return around this time. However, you might find difficulties in analyzing your return if your annual tax accountant doesn't walk you through it. CSI Accounting & Payroll assigns each of our clients their own go-to accountants who proactively make sure small business owners understand what their tax returns mean, as well as how to use them for future tax strategy.
Are you wondering if you can ask your employees to prove that they've had their COVID vaccinations? Many people receive CDC vaccine cards that show the date and type of COVID vaccine received. Wouldn't it be easy to ask to see these cards?
Maybe not. First, we need to know if your employees are even required to get the vaccine. Second, we will discuss whether you can require proof of vaccination or not, especially when some vaccine sites don't supply CDC cards.
You know the value of receiving monthly financial statements, and you're putting in the time and resources it takes. However, once they're in your hands, you're not sure what to do with them. Therefore, have the experts at CSI Accounting & Payroll help you analyze your statements to get the best plan of action for your business.
One of our main goals in our accounting department is to use the monthly financial statements we create to offer profitability advice. Have you ever wondered what kind of advice you could be receiving? Here are some of the topics that are most frequently brought up in our meetings.
If you use bookkeeping software to prepare your financial statements in-house, then you're probably counting on it saving you money to make up for all of the time it takes you.
What happens when it doesn't? Record inaccuracies can result in fees down the line or make you miss out on reimbursable expenses. It can be easy to not even realize you're getting lost if you don't have a background in accounting.
How can you tell if your bookkeeping is getting mixed up? Start by taking a look at your financial statements.
While there are people who use different providers for different services, CSI Accounting & Payroll offers the best of both worlds when it comes to financial services. Having accounting and payroll under one roof has lots of benefits under normal circumstances.
This post touches on those normal circumstances, as well as how bundling accounting and payroll can help a struggling small business owner with navigating COVID wages, loans and credits, and forgiveness.
The COVID-19 pandemic proved to be devastating to many small businesses. 163,735 U.S. small businesses closed their doors between March 1st, 2020 and August 31st, 2020. This resulted in the government setting aside some crucial relief efforts.
Whether you participated in the first round of PPP loans last year or not, there's still a good variety of relief packages available. The two most popular relief efforts are the PPP (Paycheck Protection Program) loans and the ERC (Employee Retention Credit), which will be discussed in this post.
NOTE: This information was up-to-date at the time that this post was written, but COVID relief laws are constantly being updated and changed. Please conduct your own research with reliable sources or contact us directly for updated information.
