What is EIN? EIN stands for Employer Identification Number. This number is issued for the purpose of tax administration. This number is also used throughout various parts of your business. You can use it to obtain business credit cards; set up bank accounts; use it for your business insurance; and give it to customers who […]
Read More »
Boost your Summer Production with these 5 tips Summer can be frustrating! Between juggleing employee vacations and battling with your own desire to be outside, it can seem like summer production is never going to be as good as the other three seasons. Wait! It doesn’t have to be this way! There are ways that […]
Read More »Here are 5 tips to help you better the payroll for your small business. Develop and Maintain Policies and Procedures One of the most common mistakes a small business makes during its first months of operation is that they start processing payroll without policies and procedures firmly in place. Payroll is one of those things […]
Read More »Let’s face it Tips have to be reported for your employees. But what are the rules regarding the tips? The tips need to be reported on a Form 4070, Employees Report of Tips to Employer (PDF) or on a similar statement. These reports are crucial to your business. They help capture the tips for reporting […]
Read More »It doesn’t matter if you are just starting out as a new business owner or you have successfully been running one for quite some time, there are always new strategies that can help maximize your success rate in the marketplace. Your current income regardless of the amount, you can double or nearly triple that number by paying […]
Read More »We are a service oriented company. MD Bookkeeping & Internet Services LLC strives to meet your business needs by providing a full range of payroll and benefit administration services. We have the ability to let you run payroll from anywhere. We also have a variety of time clocks that can integrate into your payroll. We […]
Read More »The recent tax reform has changed the way you can handle Charity Golf Outings. The tax reform did away with business tax deductions for prospect and client golf. Did you know that Charity golf is gone too? Buried in the recent tax reform is the elimination of the 100 percent business deduction for charity golf […]
Read More »