Monday, April 5, 2021

How Does the Latest Stimulus Affect Your Family?




On March 11, the American Rescue Plan Act of 2021 was signed into law promising some economic relief to millions of Americans affected by the COVID pandemic. 

In addition to providing funding for a vaccination program, to help schools reopen, and to aid state and local government workers, among other provisions, the new package provides three ways for Americans to receive direct financial assistance from the government. 

Are you wondering how the Act will affect your family? Visit our website for more information.


Monday, February 22, 2021

What's New for 2021 Small Business Taxes?



The COVID pandemic seems to have reached every area of our lives, from work, to school, to socializing, and yes – taxes. In the best of times, taxes can be confusing. The unexpected changes for 2020 filing and the 2021 tax year can make them even more confusing. You don’t have to navigate those changes alone.  

Payroll, bookkeeping, and taxes are our specialty!

Amador Accounting specializes in tax preparation. If you have questions about the tax law changes that affect your 2020 filing or are concerned about the changes moving forward into 2021, contact Lisa Amador.

Visit our website!


Monday, February 8, 2021

Will COVID Affect Your 2021 Taxes?


It’s been a confusing time for most business owners. The pandemic changed our business processes so significantly that many small businesses are depending on assistance from the government to move forward. As we move into the second calendar year of the pandemic, pandemic relief is on every small business owner’s mind. And as we approach tax season, it seems there are more questions than ever.

There have been many tax changes in response to the COVID pandemic. If you’re unsure how they affect your business, you’re not alone. And you don’t have to be! If you have questions, Amador Accounting probably has solutions.

Learn more on our website!


Monday, December 28, 2020

Year-End Payroll is Complicated by New/Changed Laws for 2020



Year-end payroll isn’t only about generating a paycheck – it’s an important time to verify forms, employee information, tax changes, your accounting, and all payments, including anything your employees earned that wasn’t part of your regular pay schedule. 

For a company with one or two salaried employees, it can be a pretty straight forward process. The more complex your compensation, the more complex your year-end tasks may be. For example, bonus pay, handwritten checks, and paid time off can complicate your accounting. Especially if you haven’t processed payroll regularly, because of COVID.

This year, the COVID pandemic created more payroll changes than usual that may impact your small business, including:

  • The CARES Act
  • A new Form W-4
  • FFCRA-qualified leave
  • Social Security tax deferral
  • State and local changes
  • And more!

Experts recommend starting year-end payroll in October to process changes, get up to date on new laws, and give yourself extra time meet deadlines. If you’re already behind, Amador Accounting can get you caught up.

Learn more on our website or call Lisa Amador at 734-330-0907.


Sunday, December 13, 2020

Is Year-End Payroll Slowing You Down?



If you’re worried about how new payroll laws will affect your business, too busy running your business to take on the accounting, or just need a hand, Amador Accounting is here for your payroll needs, including: 

  • Updating payroll software, rates and elections
  • Reviewing and updating PTO balances and rollovers
  • Verifying wage and contribution limits
  • Reporting fringe benefit information
  • Verifying tax rates
  • Filing forms with the IRS

We know how important accurate payroll accounting is to you and your employees. When you trust your payroll to Amador Accounting, you can rest easy knowing your records are accurate and filed on time. And when you don’t have to worry about payroll laws and forms, you can focus on what matters most to your business: its future.

Learn more on our website!


Tuesday, November 24, 2020

Are You Prepared for Year-End Bookkeeping?


For a small business, year-end bookkeeping is a way to wrap up the past year, calculate your tax obligation, and reflect on your business needs moving forward. It’s also one of the most notoriously complex and disliked parts of owning a business. Its complexity is compounded by complicated laws that can change from year to year. Failing to keep up with the laws or with the bookkeeping can leave you in debt or in trouble with the IRS. 

Many business owners just starting out plan to do their own bookkeeping to save money, but often find that bookkeeping involves more than they expected. Year-end bookkeeping isn’t as simple as reconciling a checkbook. It is a multi-faceted process that requires a basic understanding of laws that affect your business. 

Before you begin to wrap up this year, it’s important to take an honest look at your bookkeeping habits, needs, and level of comfort with the tasks you’re about to tackle. Ask yourself:

  • Am I organizing my paperwork and accounts efficiently every month?
  • Am I confident that I understand the tax laws that apply to my business and how to complete the appropriate bookkeeping?
  • Do I have time to do this myself, or would it be more beneficial for me to focus on my business and hire a bookkeeper? 

If you’re not sure, visit Amador Accounting or call Lisa Amador at 734-330-0907.


Tuesday, November 10, 2020

Don't Leave Year-End Bookkeeping to Chance


There are probably as many different ways to store your business records as there are unique businesses. Maybe you keep your paperwork in an accordion file or drawer in your office. Maybe it’s neatly online, every receipt scanned and filed. Or some variation in between. Whether you’re high-tech or old-fashioned, chaotic or orderly, Amador Accounting can help. Your specialty is your product or service – ours is your bookkeeping. 

We don’t mind sorting through your boxes of receipts or investigating the errors in bookkeeping software, and we know exactly how to close out your year end.

When Amador Accounting takes the bookkeeping off your hands, you can focus on your business knowing we’ve got your back. Learn more