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Payroll Management: A Complete Guide for SMBs
Small BusinessPayroll taxes can be a significant headache for many small—to medium-sized business owners. Without proper education, entrepreneurs can find themselves in trouble with the IRS and state tax agencies. Fortunately, if you’ve been struggling…
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How Overstaffing Can Impact Your Small Business
Small BusinessIn the bustling world of small businesses, where every decision can significantly impact your bottom line, overstaffing can be a major problem. One of the main reasons for this is that hiring too many employees can happen before you even realize…
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Navigating the Tax Implications of Remote Work for SMBs: A Comprehensive Guide
Self-Employment, Small Business, Working From Home- TipsIn the wake of the pandemic, remote work has become the new norm for many American workers. As businesses across a wide range of industries have shifted to a remote model, employees and employers alike have experienced numerous benefits such…
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Common IRS Audit Triggers for Small Businesses: How to Avoid Them
Audit, Self-Employment, Small Business, Tax TipsAs a small business owner, the word 'audit' can be a source of anxiety. However, understanding the common triggers for an IRS audit and taking proactive steps can significantly reduce the likelihood of facing one. This article explores the factors…
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New Business Start-up Costs
Entrepeneurship, Small BusinessArticle Highlights
Starting a Business
What Expenses Qualify as Start-up and Organizational Costs
Tax Treatment of Start-up and Organizational Costs
Common Start-up and Organizational Costs
Summary
Starting a business can…
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Navigating the Challenge: How Rising Interest Rates Impact Start-up Fundraising
Interest, Small Business, StartupIn the dynamic world of start-ups, securing funding is the lifeblood of growth and innovation. However, as interest rates begin to rise, entrepreneurs find themselves facing a new set of challenges. In this article, we'll explore the multifaceted…
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Your Entrepreneur Start-Up Guide: The Best Practices to Help Motivate Success
Entrepeneurship, Self-Employment, Small BusinessAsk any experienced entrepreneur and they will tell you that the difference between running a business and running a successful business is massive. To truly give yourself the best chance of success, and to help achieve your overall goals in…
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Keeping Up With Receivables: Know Who Owes You
Accounting, Small BusinessQuickBooks Online provides numerous ways for you to know which customers owe you money – and who is late.
There are so many financial details to keep track of when you’re running a small business. You have to make sure your products and…
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Small Businesses Can Benefit from the Work Opportunity Tax Credit
Small BusinessArticle Highlights:
What is the Work Opportunity Tax Credit?
Maximum Credit
Who Can Claim the Credit?
Qualified Employees
Pre-screening and Certification
Tax-exempt Employers
The Work Opportunity Tax Credit (WOTC) is a…
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Business Start-Up Expenses and How to Write Them Off
Small Business, Tax TipsArticle Highlights:
$5,000 First-year Start-up and Organizational Expense Write-off
Timely Filing Requirements
Qualifying Start-up Expenses
Trade or Business Purchase
Qualifying Organizational Expenses
Expense Write-off Limitations
…