How to Organize Spending Priorities for Your Newer Growth Startup
Business, Business Development, Self-Employment, Small Business, StartupAccording to a recent study conducted by U.S. Bank, over 80% of all newly formed businesses that ultimately fail do so due to cash flow problems. If you needed a reason to believe that getting your spending in order and dedicating the time…
Household Help: Employee or Contractor?
Accounting, Business, Finance, Personal Finance, Self-Employment, Small Business, Tax Planning, Tax TipsTaxpayers often will hire an individual or firm to provide services at the taxpayer’s home. Because the IRS requires employers to withhold taxes for employees and issue them W-2s at the end of the year, the big question is whether or not that…
Top 10 Startup Business Questions Every Entrepreneur Should Answer
Business, Business Development, Entrepeneurship, Small BusinessStarting a small business can be one of the most exciting and rewarding events in someone’s life. But it can also be extremely stressful. If you’re thinking about becoming an entrepreneur, you might have more questions swirling around…
May 2019 Individual Due Dates
Accounting, Business, Employees, Finance Tips, Personal Finance, Small Business, TaxesMay 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10. Your employer is required…
Short-Term Rental, Special Treatment
2018 Tax Laws, Real Estate, Small Business, TaxesWith the advent of online sites such as Airbnb, VRBO, and HomeAway, many individuals have taken to renting out their first or second home through these online rental sites, which match property owners with prospective renters. If you are doing…
How to Enter Bills in QuickBooks
Small BusinessHow to Enter Bills in QuickBooks
It’s not as much fun as creating invoices, but the bills must be paid. Here’s how QuickBooks helps.
We’re in a bit of a transitional period with business bill-paying. Some paper bills still come via…
The Key Steps to Take BEFORE You Start a New Business
Business, Business Development, Small BusinessVery few people think that starting a new business is easy. But at the same time, there are few first-time entrepreneurs who realize just how involved things are from the moment you start trying to bring that idea that previously only existed…
Day Care Providers Enjoy Special Tax Benefits
Small Business, Tax TipsArticle Highlights:
Business Use of Home
Prorated Use
Owned Home
Rented Home
Exclusive Use
Meal Allowance
Other Deductions
A taxpayer who is in the business of providing family day care in their home may deduct…
5 QuickBooks Online Reports You Should Run Regularly
Accounting, Small Business5 QuickBooks Online Reports You Should Run Regularly
There are numerous QuickBooks Online reports that you should be consulting at regular intervals. But you need these five at least every week.
QuickBooks Online’s Dashboard, the first…
The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them
Accounting, Small BusinessMost small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business accounting mistakes can prove to be financially…