America Counts on CPAs

Who do you trust?  America's business decision makers trust their CPA as a valuable business adviser.  Debbie Elver is an MBA / CPA who specializes in helping small business owners in the Tucson area.  Clear View Business Solutions offers book keeping, CPA services, Quick Books advising, and tax preparation.  Need someone you can trust?  Call Clear View Business Solutions today!

Providing Employee Health Insurance??

                                                                    
                                            
Do you provide health insurance for your employees? If so, take advantage of the Small Business Health Care Tax Credit!

For tax years 2010 through 2013, the maximum health care tax credit is 35% for small business employers and 25% for small tax-exempt employers such as charities. An enhanced version of the credit will be effective beginning January 1, 2014, when the rate will increase to 50% and 35%, respectively. This means that you will effectively get a rebate on the health care premiums you have paid for your employees.

To be eligible for this credit, an employer must cover at least 50% of the cost of single (not family) health care coverage for each employee. The employer must also have fewer than 25 full-time equivalent employees (FTEs) and those employees must have average wages of less than $50,000 a year. The amount of the credit an employer receives works on a sliding scale. The smaller the business or charity, the bigger the credit. So if the employer has more than 10 FTEs or if the average wage is more than $25,000, the amount of the credit received will be less.  Ask your tax preparer for more information to claim this credit at tax time next year!

Payroll Tips for Part-Timers

Clear View Business Solutions

Key Tips for Paying Part-Timers

1. part-time vs full-time employees:  Your company policy should define who is a part-timer and who is considered full-time.
2. withhold FICA on part-timers:  You must withhold the full amount of FICA regardless of time employed.
3. length of time employed does not determine status:  All employment taxes still apply.
4. benefits for part-timers are optional:  Your company policy should state whether or not part-timers are excluded from benefits.
5. former employees who return to work:  If they do the same work in the same year they are not independent contractors but still considered employees.

If you need clarification about whether an employee is full-time, part-time, or even an independent contractor please feel free to contact us.

Tax Issues? Clearview Business Solutions can help

Are you having tax issues?  Haven't filed taxes in several years?  Are you getting notices in the mail?  Don't let it fester.  The IRS will eventually catch up with you or your business.  The IRS may levy your bank account if you do not work with them for a resolution.  Clearview Business Solutions has expertise in working with the IRS on your behalf to help you resolve your tax problems.  Call us today if you need tax help and we can begin to work with you towards a solution.

Bookeeping Tip #12 for Small Businesses

Avoid Customer Payment Issues

• Check a potential new clients payment record by calling several references.
• Payment performance should not be judged solely on a client's revenue.
• Do not base future payment ability on a credit rating.
• The greater a clients net worth and time in business, the more likely they will pay you.
• Clients that pay most accounts within 90 days will be likely to pay you in a timely manner.
• Tax liens and bankruptcies should be a red flag about you getting paid.

If you think your business would benefit from bookkeeping help or even advice from experts, call us at 520-544-0177 or email us at deb@clrvw.com or janine@clrvw.com.
Clear View Business Solutions

Sucess Series Business Owners

Summer Success Series for Small Business Owners

Use the summer months to learn to make better financial decisions with the tips you will learn at Clear View’s Summer Success Series! This informative workshop will review:

·         Information all small business owners should review on a regular basis

·         How to get the financial information you need out of your bookkeeping system

·         How to decipher financial statements for proactive decision making

A light lunch will be provided. Session is repeated, select the best time for your schedule! Space is limited, call or email early to reserve your space. 

Dates:  Wednesday, July 25, 11 am – 1 pm

                Tuesday, July 31, 11 am – 1 pm

                Thursday, August 9, 11 am – 1 pm

Location: Clear View Business Solutions, 1643 N Alvernon Way, Ste 103 (85712)

Cost:      $35 or $10 for Clear View Clients

To Register: Call Clear View at 544-0177 or email us at deb@clrvw.com. Clear View Business Solutions

Bookkeeping Tip #11 for Small Businesses

 (Photo credit: Wikipedia)

What is cash versus accrual?  The answer is this week's tip from Clear View Business Solutions.  We all want to know how much money we've made, and you can get to either a cash calculation or an accrual calculation.  But it's best to know how much money you've truly made.

Cash accounting means you count how much actual money you've received, not counting any unpaid invoices you've sent out or bills you haven't paid yet.

Accrual accounting means you've factored in the money owed you and the money your business owes.

Which is better?

To get the truest idea of your business' progress, go with accrual.  It factors in outgoing and incoming money, whether or not there's a delay in receivables or payables hitting the bank.  With cash accounting, you do see your dollar bills, but depending on your current business activity, that figure could mislead you.  Want to know more? There are some related articles below that you might find helpful.

 Be sure to leave a comment here or on our Facebook Page.  You can even Tweet us @clrvw!  We care about what you think of our blog post!  And if you think your business would benefit from bookkeeping help or even advice from experts, call us at 520-544-0177 or email us at deb@clrvw.com or janine@clrvw.com.

Happy bookkeeping!

Related articles

• Cash and Accrual

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• Cash and Small Business Bookkeeping

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