How Small Businesses Can Weather the COVID-19 Storm

June 10, 2020 | Bookkeeping Services

The COVID-19 pandemic continues to make headlines all over the world – and on Main Street in your hometown. According to an April study by the National Small Business Association, nine out of ten small business owners are worried about the future. Nearly three quarters of small businesses have seen customer demand drop since March. Although federal aid is available, the process can be difficult to navigate and it can take a long time for relief to arrive. So what’s a small business owner to do in the meantime? Brookside Accounting is here to help. It’s impossible to know what our world will look like a year from now, but here are a few places to start in considering how your small business can weather this global pandemic. 

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3 Essential Criteria of a Payroll Service

May 20, 2020 | Fort Wayne

Payroll is an essential part of running a business. Employees need to be paid for their work, and the appropriate information needs to be reported for tax purposes. A one- or two-person shop might be able to manage payroll on their own, but many small businesses find that a payroll service from Brookside Accounting makes them more efficient. Entrusting your team’s payroll to an outside service is a big step. Here are some important factors to keep in mind. 

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What the IRS Tax-Filing Extension Means for You

April 28, 2020 | Indianapolis

In the light of the COVID-19 pandemic, the IRS has extended the due date for filing taxes to July 15. This gives businesses and individuals an additional 90 days to file and pay their 2019 taxes. At Brookside Accounting, we’re happy to do tax preparation for small businesses to make sure you have all the needed documentation in order by the new filing deadline. Here’s what you need to know about this extension.

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3 Things to Know for Cryptocurrency Taxes

March 26, 2020 | Cryptocurrency

Cryptocurrencies, such as Bitcoin and other internet-based currencies, are new to the world of finance. Although some CPAs might balk in dealing with clients who trade or mine these currencies, Brookside Accounting is ready for it. Laws regulating cryptocurrencies are new, and the market continues to change, but here are three things to keep in mind at tax time. 

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