PYMNTS

SEPTEMBER 16, 2019

In layman’s terms, an EIN is like a business’ Social Security number; the Internal Revenue Service (IRS) uses it to help identify businesses when it comes to tax issues. Square will also file the form, and the business owner should receive an EIN within two business days.

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IRS Social Security Small Business Payroll 60

PYMNTS

MARCH 23, 2020

Six years of alleged fraud saw one payroll firm accused of stealing millions of dollars , according to The Philadelphia Inquirer. Payroll Professionals Inc. Payroll Professionals Inc. Payroll Professionals Inc owner Myles Hannigan is serving a four-year sentence after pleading guilty to tax fraud, reports noted.

Email Compromise 71

Email Compromise Payroll FBI Compromise 71

EBizCharge

DECEMBER 13, 2024

While the world of taxes can feel overwhelming, especially for small businesses, learning how to leverage tax deductions for your Limited Liability Company (LLC) can streamline your finances and maximize your profitability. Business taxes: State and local taxes paid by an LLC (income, payroll, business license taxes, etc.)

Small Business 52

Small Business Non-Bank Returns Finance 52

PYMNTS

JUNE 1, 2018

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. The tool supports businesses “who want to pay their independent contractors the same convenient way they pay their employees – via direct deposit,” the company said in a press release. In fact, 30 percent of U.S.

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Direct Deposit B2B IRS Payroll 40

Nanonets

MARCH 4, 2024

Repairs and Maintenance : Costs for upkeep of business property and equipment, not including major improvements. Calculated based on IRS guidelines. Insurance : Business insurance premiums, such as liability, malpractice, and property insurance. Deductible within IRS guidelines. Deductible within IRS guidelines.

IRS 52

IRS Online and Mobile Banking Credit Cards Automation 52

Nanonets

FEBRUARY 13, 2024

Here are the essential categories that every small business should consider: Operating Expenses : These are the day-to-day expenses that are necessary for your business to function. Personnel Costs : Salaries, wages, benefits, and payroll taxes fall into this category.

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IRS Automation Adjustments Audit 52

PYMNTS

OCTOBER 17, 2018

GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. It’s not uncommon for CUs to work with non-traditional businesses, such as marijuana retailers. This forces many operations to continue using cash.

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Credit Union Legal Non-Bank Underserved 50

EBizCharge

NOVEMBER 12, 2024

A business bank account is a bank account designed to manage the finances of a business separately from personal accounts. A business bank account serves as a dedicated place to receive business income, make payments to vendors, manage payroll, and track all financial transactions related to the business.

Accounts 52

Accounts Debit Card Credit Cards Payroll 52

Nanonets

MARCH 20, 2023

This payment method is widely used for direct deposit of payroll, payment of bills, and business-to-business payments. Getting started with ACH payments Nanonets provides completely out-of-the-box solutions to get small businesses started with ACH payments at a very reasonable cost.

ACH 52

ACH Same Day ACH ACH Network NACHA 52

Nanonets

JUNE 18, 2024

Whether the business expense can be claimed or reimbursed depends on the following factors: Compliance with IRS guidelines The IRS has a simple rule about what counts as a legitimate business expense. Tax compliance Stay updated with IRS guidelines and other regional tax regulations and legal requirements.

Automation 52

Automation Process IRS Compliance 52

Nanonets

AUGUST 10, 2023

Different ways expense claims are generated If your team member gets a traffic ticket while on a business trip, that's not a business expense. Get a free expense report template here The IRS has a simple rule about what counts as a legit business expense. It has to be ordinary and necessary.

Automation 52

Automation Process Compliance IRS 52

Nanonets

FEBRUARY 28, 2024

Whether you're a small business owner, a finance professional, a CFO, or simply curious about the financial operations of a business, this blog series promises to equip you with a thorough understanding of the General Ledger, its significance and it's effective implementation within a business.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

PYMNTS

MARCH 31, 2020

trillion in stimulus funds — the largest swatch of which will most notably beef up small business funding via Small Business Administration (SBA) loans as well as put about $1,200 in the hands of each qualified consumer. Restructuring Around Small Businesses. Thus far, that has added up to roughly $2.2

Economy 56

Economy Push-to-Card IRS ACH 56

PYMNTS

JANUARY 8, 2021

businesses to create jobs, months into a global pandemic that, as is well-known, has disrupted Main Street SMBs’ operations. In terms of the headline numbers reported by the Labor Department (via the Bureau of Labor Statistics), non-farm payrolls dropped by 140,000 jobs – a significant departure from the 50,000 gains that had been expected.

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IRS Economy Debit Card Payroll 84