Outsourced CFO Solutions blog
Discover Strategies for Growth, Financial Management Tips, and the Latest in Tax Planning.

Managing payroll can be one of the most time-consuming and complex tasks for business owners. From tracking hours and calculating deductions to ensuring compliance with ever-changing tax laws, payroll can quickly become a burden. That’s why outsourcing payroll is becoming an increasingly popular solution for small businesses. It provides much-needed relief from the administrative load while ensuring compliance and accuracy.
Here are several key reasons why outsourcing your payroll can be a game-changer for your business:

The Augusta Rule, formally known as Section 280A(g) of the Internal Revenue Code, is a valuable tax provision that allows homeowners to rent out their homes for up to 14 days per year without having to report the rental income to the IRS. This rule can be particularly beneficial if you rent your home to your own business entity, providing a unique way to leverage personal and business assets for tax advantages.