You’ve done your research. You’re sold on the value of monthly accounting. You’re ready to move forward with this unique service… but you need your partners to be on board, too. Don’t forget that monthly accounting isn’t a well-known solution! How do you pitch the value of this secret weapon – something your partners may know nothing about?  At CSI Accounting & Payroll, we’ve been doing this for over 50 years – so we know exactly how! Let’s touch on: What monthly accounting is and how it’s different from other accounting solutions. Why it’s important to bundle bookkeeping, taxes, an ..read more

When you own a small business, you have the freedom to hire the employees you want – provided they meet the legal requirements to work.  For parents, the thought of hiring your kids can be pretty appealing. You already know their personalities and work ethic, plus, you can help them save up personal funds for things like a car or higher education. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. Many of them have considered hiring their children, and they’ve asked us: Can I pay my kids from my business? How do different entities pay their kids? How ..read more

When you buy a fixed asset for your small business, how are you supposed to handle that in your books? Over the years, the government has created a few methods to choose from.  At CSI Accounting & Payroll, we’ve worked with monthly accounting for small businesses for over 50 years. We’ve advised thousands of prospective clients on how they can handle fixed assets, including the newest method: the De Minimis Safe Harbor election.  Those small business owners wanted to know: What is the De Minimis Safe Harbor election? Who can elect De Minimis Safe Harbor? How? What is the differ ..read more

When you need a payroll service for your small business, it’s usually because running payroll has started taking up too much of your time or your business has developed some unique payroll needs. Maybe you need a way for your employees to clock in and out of work, or maybe you need help with certain types of garnishments from an employee’s check. Regardless, you’ll want to know a payroll service’s capabilities before coming on board. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. After talking with thousands of clients and prospective clients, we’ve hea ..read more

As a small business owner – or a prospective small business owner – you keep an eye out for business opportunities. That’s why when you first heard about federal Opportunity Zones (OZs) offering a unique tax benefit, you needed to learn more. At CSI Accounting & Payroll, we’ve worked with year-round small business tax strategy for over 50 years. We’ve seen business owners make a lot of moves to try to improve their tax outlook, so we know which strategies usually work – and which usually don’t. Small business owners who want to know more about federal Opportunity Zones often ask: What is ..read more

When small business owners think of accounting services, they usually picture monthly bookkeeping services. They may even think they’re the only outsourced option besides partnering with a tax preparer. With this being the norm for new or very small businesses, it’s important to review the common issues that these services have, as well as compare the issues to those of other accounting solutions. At CSI Accounting & Payroll, we’ve performed monthly accounting for small businesses for over 50 years. In all that time, we’ve spoken to thousands of prospective clients who have voiced concern ..read more

With so many changes to the federal Form W-4 in 2020 for federal withholding, you may still be getting some questions from your employees.  This is especially true if you’re a small business that has employees who may not have any federal withholding – like if you have employees making minimum wage or who work very few hours – or both. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We’ve heard plenty of questions about tax forms and other paperwork related to payroll. Lately, small business owners have asked us: Why does my employee say they have ..read more

When small business owners find themselves in trouble, they either downplay it or take it to heart. How do you know just how bad your situation is? Many people start by comparing themselves to their peers. CSI Accounting & Payroll has worked with small business finances and operations for over 50 years. Believe us when we say we’ve seen it all!  In all of that time, we’ve gotten a lot of questions about the worst we’ve seen and if certain situations are too bad to work with, such as: What are some of the worst situations that CSI has seen small businesses in? I’m in trouble. Can CSI ..read more

Whether you want to leave it to a relative or sell it at the highest dollar, you have an idea of the end game for your small business – at least somewhat. When you’re looking into partnering with a year-round accounting service, you know that you might not see value today, but an accountant can help you add value to your business and retire one day. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. Throughout that time, we’ve had many clients reach the point when they can enjoy their retirement. However, before getting to that point, they’ve asked us: How ..read more

If you started with an interest and turned it into a hobby, that’s awesome! But how can you tell when your hobby becomes a business? You need to know for tax purposes. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We know that if a prospect comes to us seeking accounting for a hobby, they wouldn’t be getting the right value from our service.  While there are no formal requirements that you must meet to be a business, there are indicators that can add up. Just keep in mind that the IRS gets the final say if they don’t feel like you’re a business. S ..read more