DC Employers: Prepare for Zip Code Project

Posted on: September 21st, 2015 by RWS Consulting No Comments

What is the new Zip Code Project, and how does it affect employers in DC? Let’s take a look at this program already in progress. Businesses in DC need to be ready for the Zip Code Project. The DC Department of Employment Services (DOES) wants to ensure that area businesses are in compliance with the new DC Wage Theft and Prevention Amendment Act (the “Act”) as well as other applicable employment-related

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How to Ensure Compliance with DC Wage Theft Prevention Amendment Act of 2014

Posted on: July 16th, 2015 by RWS Consulting No Comments

Is your business compliant with the new DC Wage Theft Act? Check these amendments to ensure you and your employees are protected. While the DC Wage Theft Prevention Amendment Act of 2014 officially went into effect on February 26, 2015, there may still be some employers who have not completed the steps necessary to comply with the various new laws. The Act provides amendments for the Minimum Wage

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A Warning about Late or Missing Quarterly Tax Payments

Posted on: June 8th, 2015 by RWS Consulting No Comments

For those who are self-employed or have other income that is not subject to tax withholding, April 15th wasn’t just the deadline for filing taxes with the rest of the country. It was also the first due date of the year for quarterly tax payments. If this is news to you, then follow along because this is going to potentially help you avoid a large bill from the Internal Revenue Service (IRS).                                 Quarterly

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How to Do a Monthly Financial Review for Your Business

Posted on: May 11th, 2015 by RWS Consulting No Comments

                    As a business owner, you probably have at least some general goals that you would like to achieve: growing your customer base, expanding products or services, or maybe adding more staff down the line. Knowing where you want to go is an important step in building a successful business, yet to attain and sustain these goals you must

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6 Exciting Tax Benefit Increases for 2015

Posted on: March 1st, 2015 by RWS Consulting No Comments

                While thinking about your income taxes may not be inherently exciting, we surmise that once you read about these tax benefit increases that will be in effect for the 2015 tax year, you just might be able to tolerate the idea of those forms and figures after all. Here is a look at some of the most interesting tax benefits that are set take effect

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The Truth about 1099-MISC for Employers

Posted on: January 27th, 2015 by RWS Consulting No Comments

Income taxes for business: The IRS is paying close attention to if, how, and when businesses are reporting 1099-MISC payee expenses. Get up to speed for 2014 taxes.                           It’s that time of year again when your accountant is pressing you for all of the details, from company profits to business expenses, all in the

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Family Business & Money: How Much Info Should You Share?

Posted on: December 5th, 2014 by RWS Consulting No Comments

The opportunity to build and sustain a business with your family is a special experience, but it can also be one of the most stressful when it comes to one aspect – money. Read on for some suggestions that can eliminate disagreements and keep those family ties strong. Money-wise: Who should know what about the family business. How much financial access should be given to each person?   Frankly,

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When is the Best Time for Business Tax Planning?

Posted on: November 21st, 2014 by RWS Consulting No Comments

While some business owners have forms to file and payments to fulfill throughout the year, they may not know the best time of year to actually plan for business-related taxes. Here are our suggestions for companies of all sizes: from the self-employed individual to the large corporation.                       For most businesses, the best time

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6 Strategies to Reduce Business Banking Fees

Posted on: October 8th, 2014 by RWS Consulting No Comments

Could you be saving money on the cost of banking? Whether you are a veteran business owner or you are pioneering a new venture, the benefits of a flexible business banking arrangement cannot be understated. In fact, there are some ways that businesses can reduce banking charges on the products they already use. Here are six suggestions we offer to our own commercial clients who want to lower banking

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5 Ways to Exceed Client Expectations

Posted on: August 26th, 2014 by RWS Consulting No Comments

Nurture client relations by exceeding expectations. Are you in charge of running a service-based business? If so, then you already know the importance of keeping clients happy. Here are five tried-and-true suggestions for exceeding client expectations to ensure long-term, successful relationships: Be On Time: This may seem like an obvious point to some, but there are a few of us who just can’t seem

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