Category

Small Business

Small BusinessTaxes

Is an LLC Required to Start a Business?

If you’re considering starting a business, you may wonder if you need to initially register it as a Limited Liability Corporation (LLC). The answer to that question is no. However, forming an LLC may be beneficial to you depending on the size of your new business. Below we explore more of the benefits and drawbacks…
Palmetto Payroll
October 16, 2020
AccountingSmall Business

Resources for Veteran Entrepreneurs

In 2019, Bunker Labs conducted a survey with military veterans transitioning to civilian life. One in four veterans responding to the survey expressed interest in starting their own business but needed funding to do so. If you’re a veteran turned entrepreneur, we are happy to let you know that many resources exist to help you…
Palmetto Payroll
September 15, 2020
AccountingPayroll ProcessingPayroll Tax ResponsibilitiesSmall Business

Prepare for Financial Reports to Look Different Due to COVID-19

Certified Public Accountants (CPA) should understand that financial reports they prepare in 2020 will look differently than reports they prepared in all years prior to 2019. The difference, of course, is that 2020 saw a global pandemic that had a devastating impact on small businesses across the country. Even companies that did not shut down…
Palmetto Payroll
August 15, 2020