Did you know that in 2020 Colorado passed a law that mandates that small business owners will have to offer 401Ks to their employees if they have 5 employees or more? In 2020, Colorado passed the Colorado Secure Savings Program. This law mandates that small business owners enroll in a state-run retirement savings plan. The pilot […]
Read More »Many business owners’ think that Square will take care of their business needs. This is true, but only to a point. Square does a great job recording money coming in and giving you summaries related to those sales. It gives you reports like – Sales Summary Sales Trends Payment Methods Employee Sales Items Sales, Etc. […]
Read More »This is not an easy deduction to understand, but we will do the best we can to simplify it for you. The 20% Qualified Business Income Deduction apart of the Tax Cuts and Jobs Act. It is also known as a Section 199A deduction. Under the new law, after January 1, 2018 the owner […]
Read More »These changes that are listed below are a part of the Tax Cuts and Jobs Act (TCJA). Changes to Unreimbursed Employee Expenses Employees can no longer deduct their unreimbursed employee expenses. This really hurts a lot of employees. There is a way you as the employer can help fix the problem. We’ll go over […]
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Here at MD Bookkeeping we want your business to thrive, so we take the time to bring you articles to help your business thrive! These tips have proven to be effective marketing tools for other restaurants. With these marketing tips we sincerely hope you’ll be able to take your business to the next level. Check […]
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Are you ready for the new minimum wage increase? As of January 1, 2019 the new minimum wage is $11.10 and tipped employees minimum wage goes up to $8.08. Being an employer is hard, that is why our staff at MD Bookkeeping works diligently to provide you with the latest information and […]
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