Charitable Giving and Tax Savings: The Complete Small Business Guide Introduction: Why Charitable Giving is a Smart Business Move In 2025, small businesses are increasingly leveraging charitable giving not just to support causes they care about—but also to reduce taxable income, boost brand reputation, and engage employees. But with changing IRS rules and complex deduction limits, how can you maximize […]
The Ultimate Payroll Onboarding Kit for New Hires Introduction: Why Payroll Onboarding Matters First impressions last—especially when it comes to payroll. A smooth payroll onboarding process ensures new hires: ✔ Get paid accurately and on time ✔ Understand tax forms and benefits ✔ Feel confident and valued from Day 1 But with ever-changing IRS regulations and remote work complexities, payroll onboarding in 2025 requires […]
Paper vs Digital Receipts: The IRS Compliance Guide for Businesses Introduction: Why Your Receipt Management System Matters In modern times, businesses face an evolving landscape of IRS recordkeeping rules, sustainability pressures, and digital transformation. The debate of paper vs digital receipts is becoming significant. Whether you’re storing shoeboxes of paper receipts or relying on cloud-based systems, one […]
Fixed vs Variable Costs: The Ultimate Guide for Businesses Introduction: Why Understanding Costs Matters Every business decision—from setting prices to scaling operations—relies heavily on effective cost management. Yet, many entrepreneurs struggle to grasp one of its most fundamental concepts: the difference between fixed vs variable costs. In this blog, Spyglass Accounting and Financial Services breaks […]
How to Set SMART Financial Goals for Your Business in 2025 Introduction: Why Financial Goals Matter for Your Business Every successful business starts with a clear vision—but without specific, actionable financial goals, that vision remains a dream. In this blog, we will discuss how to set smart financial goals for your business in 2025. In 2025, […]
Overtime Laws and Payroll Compliance for Small Businesses in 2025: What You Need to Know Introduction As a small business owner, staying compliant with overtime laws and payroll regulations is crucial—but it’s not always easy. With the Department of Labor (DOL) updating overtime thresholds annually, keeping up can feel overwhelming. In July 2024, the DOL increased […]
The Ultimate FLSA Compliance Checklist for Small Business Payroll Introduction Running a small business comes with countless responsibilities, and payroll compliance is one of the most critical—yet often overlooked—areas. In this blog, you will find FLSA compliance checklist for your business. The Fair Labor Standards Act (FLSA) sets federal standards for minimum wage, overtime pay, recordkeeping, […]
The Complete Small Business Payroll Setup Guide: How to Pay Your First Employee Legally and Efficiently Introduction: Why Getting Payroll Right From Day One Matters Hiring your first employee is an exciting milestone—but it also introduces complex payroll tax obligations, compliance risks, and paperwork. In fact, 40% of small businesses face IRS penalties due to […]
Decoding Common and Complex Tax Acronyms: A Comprehensive Guide Navigating the labyrinth of tax terminology can be daunting. From AGI to OIC, the U.S. tax code is replete with tax acronyms that can perplex even seasoned taxpayers. At Spyglass Accounting and Financial Services, we aim to demystify these terms, empowering you to make informed financial […]
Do Creators Pay Taxes on Money Earned? A Complete Guide to Creator Taxes Introduction: The Rise of the Creator Economy From Instagram influencers and TikTok dancers to YouTube vloggers, OnlyFans models, and Twitch streamers, the Creator Economy has exploded in recent years. What was once a passion project or hobby during pandemic lockdowns is now […]
