Siwinski & Associates

05/02/2022

Why Is It So Important That Payroll Is Precise?

Why Is It So Important That Payroll Is Precise?. Payroll is an integral part of a company's operations. The federal and state governments require employers to comply with wage and hour standards to ensure that employees are paid accurately and on time. The Internal Revenue Service and the state depa...

04/29/2022

How Does Business Consulting Benefit You?

Almost all businesses can benefit from the services of a business consultant. The consultant will work closely with you to improve the performance of your business by helping to identify challenges, advising on business strategies, and proposing practical and informed solutions. The many advantages....

04/28/2022

Choosing the right business structure is crucial to the success of your business.

When comparing an LLC vs. S Corp, you’ll want to be aware of key differences. Both LLCs and S Corporations have pros and cons, which we cover in our guide.

04/27/2022

Liabilities Vs. Payroll

Payroll Deductions as Liabilities Vs. Payroll Expenses. Accounting for both the employee's and employer's portion of payroll and withholding taxes is often confusing for first time employers. For the employees' share, taxes have to be calculated based on Internal Revenue Service (IRS) tables and wit...

04/26/2022

What Is a Liability?

04/25/2022

What Is a Personal Financial Statement?

A personal financial statement is a document outlining an individual's financial position at a point in time based on their assets and liabilities.

04/22/2022

How to Keep Good Records for Tax Time

If you fail to keep good records throughout the year, tax time can be a challenge. Therefore, you should closely monitor your revenue, expenses, and potential deductions throughout the calendar year to ensure a complete and accurate tax return. The guidelines and principles below will help you colle...

04/21/2022

Reconstructing lost records will help you get more assistance

Here is what you need to know about filing for tax relief and re-creating important property documents after a fire, flood, tornado, or hurricane.

04/20/2022

If you’re a beneficiary of Supplemental Security Income (SSI) and you also have a job or other income stream, is it possible to earn too much money?

To be eligible for Supplemental Security Income (SSI), an individual beneficiary cannot breach certain income or asset limits.

04/19/2022

You need to know this number if you're going for a mortgage.

This number will show you exactly how much of your income is going to pay off debt. You can also use it to see if you can afford that new purchase.

04/18/2022

The longer you've lived, the more likely you are to have more in savings

No one but yourself can answer how much you should be saving, but you can look to your peers to compare your progress against them.