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It’s time to file W2s! Are you ready?
That time of year has arrived: It’s time to file W2s for all employees. But what is a W2 and what are the filing requirements? Every year, employees anxiously await their year-end tax form from employers to participate in the annual tradition of filing taxes. As soon...

Job Costing
Job Costing If your business works on projects for multiple customers, you may have heard of Job Costing. But what is it? Have you ever wondered where all your money is going? It feels like you are invoicing a lot, yet the money is paying bills faster than what...

Why is it important to have an accurate balance sheet?
Keeping track of income and expenses is important, but why is it important to have an accurate Balance Sheet? In fact, what is a Balance Sheet? The Balance Sheet is one of the most basic and telling financial report that can be generated for a business. Using the...

Do I have to give employees paid time off to vote?
Election Day is fast approaching; do you have to give employees paid time off to vote?Like most labor laws, it is all dependent upon the state your employee works in. And according to the United States Election Project, a whopping 37% of the population lives in a...

New Ruling on Salary Exemptions
The U.S. Department of Labor recently finalized a ruling regarding salary requirements for exempt employees. This ruling has changed the minimum salary amount beginning on July 1, 2024, to $844 a week ($43,888 annually). Another increase will occur on January 1,...

The Hidden Costs of “Paying Under the Table”
Thinking about “paying under the table” for labor and services? Is it beneficial to pay a contractor, vendor, or employee “off the books?”
Keen Insight Into Small Business Bookkeeping in Ringgold, GA
From basic reconciliations and understanding your income statement and balance sheets to budgets and job costing, managing your small business can be quite complex. At Silver Star Bookkeeping in Ringgold, GA, we want to share our knowledge with you. Browse our blog...




