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Tax Filing Season Is Upon Us

The Internal Revenue Service (IRS) has announced that tax season will begin Monday, January 23, 2017. The filing deadline to submit 2016 tax returns is Tuesday, April 18, 2017. Tax Season Begins January 23 The IRS will begin accepting electronic tax returns on January 23, 2017. Many software companies and tax professionals will be accepting [...]

The Depreciation Deduction, What SMB Should Know

An important new change to U.S. tax law quietly passed before the end of the year. I know, it sounds dull, but it’s actually quite exciting; the change is intended to help small and mid-sized businesses and might even work to stimulate the economy. The boost for SMB owners comes from an adjustment to Section 179 of [...]

8 HR Trends to Watch in 2016

With a new year comes the annual desire to understand what may be the important Human Resources topics, issues, and insights in the months ahead. In 2015, we saw a number of new trends, and in 2016, the HR landscape is changing more rapidly than ever before. Read on for 8 HR trends to look [...]

2016 Is Almost Here – Payroll Year-End Preparation and Planning for a New Tax Year

With 2015 year-end tax activities under way, it's time to start gearing up for 2016. Save yourself valuable time and considerable headaches by leaving your payroll challenges to Newtek. Newtek Payroll offers guaranteed savings of 20% compared to ADP or PayChex. Newtek delivers you savings, security, and concierge service with our online payroll solution hosted [...]

New York Moves to Raise Minimum Wage to $15

Wednesday July 22, New York moved to raise its minimum wage for fast-food chain restaurants employees to $15 per hour by the end of 2018 for New York City, and state-wide by 2021. This is more than 70 percent earning raise. Previously minimum wage employees earned $8.75, in addition to fast-food chain employees Mayor DeBlasio has proposed [...]

4 Payroll Tips from a Tax Professional

No matter which industry you belong to, there is a common source of frustration for all members of the small business community: payroll. Payroll is a highly regulated business obligation involving everything from employee personal information to federal governmental legal requirements that, if not done properly, can reap harsh consequences. Daniel Petri, an associate licensed [...]

4 Things You Should Know Before Applying for a Business Loan

Applying for business loans can be a stressful and exciting time. You are on your way to starting your business, but you need the capital to make it come true. Banks or government agencies are popular sources of funding for your startup venture. Before following this route, there are a few things to know and [...]

Outsource Your Payroll, You’ve Got Enough To Worry About

Let’s shoot straight: managing payroll is an annoying obligation; an especially time consuming and detail-oriented task that can quickly consume even the sharpest business owner. Add to that the stiff penalties for a tax filing omission or a mistake on an employee paycheck and now we’re talking a full-blown pain in the rear. Outsourcing payroll [...]

Small Business Loan Basics

Securing a loan for your business is an intimidating process; it requires patience, time, and a great deal of documentation to complete. However, with proper planning, you’ll find that grueling loan process is definitely something you can handle. It’s all about preparation. The first step is to get organized, neatly gather required documents, and mentally [...]

Five Bookkeeping Tips For Entrepreneurs

If the mere thought of managing the company's books fills you with dread, you're not alone. Most small business owners hate bookkeeping. Some see it as a time consuming task that takes away from running their business; for others, it brings an avalanche of nerves (I regularly have nightmares about the IRS). As a small business owner, it's your [...]