Blog

Why investing in payroll services is a good idea for a business firm?

One of the most important tasks that any large or small business firm needs to handle is the payroll for the employees. Managing and executing payrolls is not a simple task as it seems as it involves numerous tasks such as determining the salaries, updating sick leaves, deductions for absences, deducting the taxes, health benefits, government contributions, and a host of other elements. Accuracy is also an important factor when it comes to payroll as otherwise it can lead to legal complications associated with human resources. For such reasons, business firms often prefer having an external payroll service provider to…

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Do You Need To Prepare Payroll For Your Small Business?

In this edition of the "Ask Ram" series a small business owner wants to know whether they need to run payroll for their business. This is a common question and it is important to know whether you need to prepare payroll and, if so, how often you should run it. How you handle your small business payroll services will vary depending mainly on the type of small business you have and how it is incorporated. If you are incorporated as an S-Corp or C-Corp, the IRS requires you to run a payroll. The payroll you run for yourself should be…

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What small business accounting services do I need annually?

In this "Ask Ram" post, a client asks what types of accounting and reporting services he needs for his small business during the calendar year. There are a variety of accounting and reporting services that small businesses must perform during a calendar year. Much of the accounting and reporting needed by small businesses are things that are required by state or federal governments, however, there are some things that are not required, but are accounting best practices to help your business stay on track to hit its financial goals. Since the question is not asking about a particular business or…

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Ram Associates Awarded Hamilton Local Business of the Year

On September 14th 2012, Hamilton Township and the Hamilton Township Economic Development Advisory Commission announced the 2012 Economic Development Award winners. We are proud to say that Ram Associates was selected as the 2012 Local Business of the Year! This was very exciting for us and we were happy to get a call from the Mayor informing us of the great news. The awards ceremony was held on October 25th and it was a great celebration with many business owners and leaders from our community, as well as the other distinguished guests from the township. Being recognized as a contributor…

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What is the best time of year for corporate tax planning?

As a businessperson it is important to do business planning throughout the year, however, most businesses try to do tax planning before the end of the year and specifically before the end of the last quarter of their fiscal year.  For most businesses this is also the last quarter of the calendar year. Most tax planners do their strategic corporate tax planning at this time because it gives you the chance to make adjustments and changes based on your particular situation. You do not want to wait to do your tax planning after the end of the fiscal year, because…

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