Our blog today dives into the topic that we believe (because we experience it too) that all business owners struggle with: Payroll. So if you have ever found yourself asking these questions:Who is an employee or who isn’t?What benefits am I supposed to be paying...
Do You Need Bookkeeping Services? Bookkeeping may be one of the most critical aspects of running a good business, but it regularly gets overlooked. It isn’t the flashiest aspects of running a business. Most often people are focused on their product, their location,...
Payroll For many business owners, payroll becomes a necessary chore that they end up dreading. For most, every two weeks a significant amount of time goes in ensuring that their employees are getting paid the right amounts while also complying with various laws that...
We’d Like to Introduce Ourselves Here at Prospect Financial Solutions, we have a passion for taxes & bookkeeping and a drive to ensure your business thrives in this competitive marketplace. We believe in a holistic approach to taxes & bookkeeping, and our...
To answer that question is to define the two words. Mortgage interest, property tax, and unreimbursed employee expenses are common Itemized Deductions. Or, if you don’t have enough Itemized Deductions, you will get a deduction called the Standard Deduction. When...
Over the past few years many of you have enjoyed having 24/7 access to your important tax documents through the secure online accounts we provide to each of our clients. The client accounts accessible from our website, https://prospecttax.com, provide a convenient way...
