Accounting for your trade business – Do it yourself or outsource? 

Accounting for Your Trade Business – Do It Yourself or Outsource?  Feeling stuck about the accounting for your trade business? Here’s how working with financial experts can help alleviate the stress. We have been working with small business owners in the trades for over 15 years. Over the years, we have seen clients choose one […]

Bookkeeping: Do it yourself or hire a bookkeeper?

Bookkeeping - DIY- Outsource - In-house

Bookkeeping: Do It Yourself or Hire a Bookkeeper? Bookkeeping is the process of tracking all the company’s business transactions. This is so you can see exactly where your business is spending money, where the most revenue is coming from, and help you decide which tax deductions you can claim. Why bookkeeping is important: It helps […]

Business Spotlight: James Peterson Plumbing & Heating

james-peterson-business-spotlight

Business Spotlight: James Peterson Plumbing & Heating Stratlign started to work with James Peterson at James Peterson Plumbing and Heating last year and it has been a pleasure to assist him in his business journey. It is always inspiring to see people go after their goals and so we want to share with you a […]

Choosing the Right Payroll Service Provider

Choosing-the-right-payroll-provider

Choosing the Right Payroll Service Provider You may have come to a time in your small business where you now need to run payroll to pay your employees or yourself. And maybe that is why you are here – You are looking into your payroll service provider options so that you can run payroll accurately […]

Main Updates from the (ARP) – Stimulus Bill

Tax & 1.9 Trillion Stimulus Bill Update

Main Updates from the (ARP) – Stimulus Bill This week, the massive $1.9 trillion dollar American Rescue Plan was signed into legislation. There are several tax implications and updates for 2020 and 2021 that will affect most Americans and taxpayers in some way. Here is a brief summary of the updates and changes from the […]

MA Paid Family & Medical Leave: Application Process

MA Paid Family & Medical Leave: Application Process Quick Overview on PFML: Paid Family & Medical Leave is a Massachusetts state-offered benefit for anyone who works in Massachusetts and is eligible to take up to 26 weeks of paid leave for medical or family reasons. Most Massachusetts PFML benefits have been available since January 1, […]

Work Opportunity Tax Credit

Work Opportunity Tax Credit Work Opportunity Tax Credit Summary: The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain target groups, including those receiving long term unemployment benefits and who have consistently faced significant barriers to employment. Tax credits can range from $2,400 – $9,600. The […]

Employee Retention Credit: Is your business eligible?

Employee Retention Credit – Is Your Business Eligible Because the coronavirus has negatively affected so many businesses nationwide, a number of coronavirus payroll tax credits are available to help employers out. One option is the Employee Retention Credit (ERC). The Employee Retention Credit is a CARES Act relief measure for businesses. It is a fully […]

A Guide to Estimated Tax

Estimated-tax-guide

A Guide to Your Estimated Tax Are you self employed? Do you have income other than your salary? You may need to pay estimated taxes each quarter to take care of your tax bill.  What are estimated taxes (ET) and do I need to start making payments? Income taxes work as a pay-as-you-go system. The […]

7 Big Takeaways On The New Covid Relief Package

7-big-takeaways-from-new-covid-relief-package

Updated: 12/29/2020,  4:00pm  ETA The new Covid Relief Package is set to provide additional financial assistance to Americans. The hefty bill was passed by Congress Monday night 12/21/2020. President Trump reluctantly signed the bill days later on Sunday 12/27/2020, allowing $600 stimulus payments to be distributed, but urged that Americans should receive more aid and […]