In Small Independent Businesses
Women Are Like Cats—Men Are Like Dogs
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In small family businesses, women are smart enough to use time saver bookkeeping programs; they usually do the paychecks and quarterly reports; the men work like dogs on the job sites and hate the paperwork. How about taking a different tack and have someone look at what needs to be posted versus using complicated bookkeeping programs? It is time to take back control of your business records. Small business owners work too hard and pay too many taxes. There is a revolutionary new way to calculate all your business taxes only using employee hours and workers’ compensation risk classifications. Quit paying QuickBook gurus, Zero, Gusto, payroll, and tax calculator programs. The entire taxing reporting industry (otherwise known as employer quarterly reports) is generated from gross payroll amounts for employees and independent contractors. This dirty little secret would put many bookkeepers out of business. Gross payroll amounts are generated by hours times workers’ compensation risk classifications. All employer quarterly reports are generated from this one positing. All you need for payroll is the IRS Circular E for federal withholdings or use free payroll calculators. We'll show you how using FREE accounting and compliance programs.
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About the Book
Many years ago, I built houses and light-manufacturing buildings. When I got an audit letter from the Department of Labor, I asked my accountant why he did not tell me about compliance reporting. He said it was not his job. That advice cost me five thousand dollars. The sad part is that I could have appealed and gotten the penalties reduced by half. I just did not know how. Now you can use what I learned in your small family business and replace your bookkeeper and avoid audits.
About the Author
Ted Carlson is a certified fraud examiner with Liberty Bay Consultants specializing in workers’ compensation external audits and compliance programs. He worked six years with the Labor and Industries Workers’ Compensation Department in Washington as a field auditor and trained field auditors and managers in business industry methods of operations.