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Why You Must File and Pay Your Employees’ Withholdings on Time

August 5, 2026February 20, 2018 by Heyward CPA PLLC

There is zero wiggle room when it comes to handling the federal income taxes and FICA taxes withheld from employees’ paychecks. The taxes are government property, which employers hold “in trust” and then remit to the IRS on a set schedule. Employers are not permitted to use this “trust fund” money for other purposes. Serious … Read more

Categories Business Tax

Why You Must Keep an Eye on Your Cash Flow!

August 5, 2026January 29, 2018 by Heyward CPA PLLC

If profits are up and the projections look good for the next month or two, should you kick back and relax? Maybe not. No matter how positive other signs may be, if you’re not keeping a close eye on your company’s cash flow, things could go haywire. Even a temporary crunch resulting in late debt … Read more

Categories Small Business Accounting Tags cash-flow
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