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- 2026
Alternative Business Structures That Might Be Right for Your Comp
Since the start of the COVID-19 pandemic, many aspects of business have changed, including (in some sectors) the increasing availability of private equity, the burgeoning use of AI, the ongoing difficulties in finding talented personnel and the shifting of generational goals and ideals. There are many ways that businesses can respond. One way is to change to an alternative business structure.
Payroll Accounting: The Basics
Payroll is an integral part of every business. The payroll accounting process involves paying wages, calculating hours, applying benefits, deducting taxes and collecting garnishments, all while staying in compliance with federal rules, state laws and local regulations.
The Changing Role of the CFO
We have experienced so much business disruption in recent years, and one change that should not be overlooked is the new role of the chief financial officer.
Business success means keeping both customers and employees happy, but recently the priority has shifted to employees.
Budgeting Success for the Construction Industry
When a business doesn’t have a clear idea of its annual budget, it runs the risk of spending more money than it earns that year. You may have been running smoothly for years, and then decide to expand or replace old machinery. There’s money coming in, so it seems you’re fine. But if you don’t have a good handle on expenses versus income, you can quickly find yourself in the red.
Employee Taxes: Your Responsibilities
Employers generally must withhold income tax from employees’ wages. To figure out how much tax to withhold, you need to use the employee’s Form W-4, the appropriate method and the appropriate withholding table described in Publication 15-T, Federal Income Tax Withholding Methods. You’ll deposit your withholdings based on your business and the amount you withhold.
Pro Tip
Compliance seems boring, but being out of compliance in the variety of ways that can happen can create very serious risks for your business. Ensuring that you are in compliance in your business organization and operations can include things like professional licensing, business licensing, insurance, banking, record keeping, financial recording and more.
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