Varo Team Offers Support to Businesses Dealing with the Impacts of Coronavirus (COVID-19)

These past couple of weeks have been riddled with uncertainty, volatility, and general anxiety for business leaders and their employees. News is moving at light speed and government requirements being imposed to protect public health are testing the resiliency of many businesses. We are all being asked to practice “social distancing” which means working from… Read More Varo Team Offers Support to Businesses Dealing with the Impacts of Coronavirus (COVID-19)

What New Small-Business Owners Ought to Know About 2019 Taxes

  If you are a new small-business owner, maintaining control of your finances can be daunting. There is so much you must do already; collect piles of paperwork from your employees;withhold federal, state, and local income taxes; set aside Social Security, Medicare, unemployment, and worker’s compensation funds; and pay your business’s taxes to the appropriate agencies—all the while keeping them separate from your own. But you’ve got this…right? Except the Internal Revenue Service imposes gargantuan fines… Read More What New Small-Business Owners Ought to Know About 2019 Taxes

Scared of an Audit? These tips will help calm your nerves…

For many small business owners the sound of the word “audit” can be terrifying. Here are some things to avoid if you want to reduce the likelihood you will be “red flagged” by the IRS. 1. Not Reporting All of Your Income Not reporting your income is possibly the easiest red flag to avoid, but it is… Read More Scared of an Audit? These tips will help calm your nerves…