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Viewing entries tagged with 'bookkeeping'
IRS Sets Fourth Quarter 2008 Interest Rates
After lowering interest rates by 1% each the last two quarters, the IRS announced today that they are raising interest rates by 1% effective October 1, 2008. Therefore, beginning today the interest rates will be:
Small Business Tax Calendar for October 2008
Following is a list of October dates that small business owners, bookkeepers and accountants should be aware of:
Hourly Rates for Bookkeepers
Hourly bookkeeper rates vary greatly. I have seen US companies advertising bookkeeping rates of $10/hour and others charging over $100/hour for bookkeeping services. However, the majority of bookkeepers charge from $40/hour to $75/hour for their services, which from my experience is what competent bookkeepers should charge. I would caution companies to question the competence of a bookkeeper charging less than $40/hour and to think twice before paying more than $75/hour for bookkeeping services.
Small Business Tax Calendar for September 2008
Following is a list of important September tax dates for small business owners, bookkeepers and accountants to be aware of:
Samarak Launches New CFO Services Website
Samarak is splitting into two companies, one of which is an internet company which helps accountants, bookkeepers and QuickBooks consultants obtain business over the web and the other of which provides CFO Services to small and medium-sized companies throughout the US. As such, we have launched a new website for the CFO Services side of Samarak and have removed the CFO Services content from www.samarak.com.
Save Time & Money By Reducing the Frequency of Your Payroll
If you pay your employees more than once or twice a month, then you might consider doing so less often. The benefits of doing so are:
Small Business Tax Calendar for August 2008
Following is a list of August dates that small business owners, bookkeepers and accountants should be aware of:
Deciding Whether Or Not To Use Invoices in QuickBooks
As a general rule, if you don't receive payment in full from your customers at the time you deliver your product or service, then you should probably use invoices. The main reason is that using invoices helps you keep track of exactly how much money your customers owe you. However, there are many other reasons to consider using invoices:
Federal Minimum Wage Rate to Increase
The federal minimum wage rate will increase on July 24th from $5.85/hour to $6.55/hour. As employers are required to pay the higher of the federal and state minimum wage, only employers in states with a minimum wage lower than $6.55 will be affected by this. The federal tipped minimum wage, currently $2.13/hour, is not changing.
IRS Raises Standard Mileage Rate Again
The IRS raised the standard mileage rate, already the highest ever, by 8 cents for the final 6 months of 2008. Effective July 1, 2008, the standard mileage rates are as follows:
