How to Enter Bills in QuickBooks

How 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  

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Very 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

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Article 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…
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5 QuickBooks Online Reports You Should Run Regularly

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5 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…
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The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them

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Most 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…
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How Small Businesses Write Off Equipment Purchases

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Article Highlights: Depreciation Materials & Supplies De Minimis Safe Harbor Expensing Routine Maintenance Unlimited Expensing Bonus Depreciation Sec 179 Expensing Mixing Methods From time to time, an owner of…
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7 Passwords You Should Never Use at Your Small Business

Article Found on INC.COM Owning a small business means owning data. You're constantly acquiring new information related to your customers and financial details, as well as all the vendors and contractors with whom you work. However, one…
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Failing May Be Fundamental to Success, According to Columbia Business School

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Article Found on Knowridge Science Report Few companies or organizations are looking to fail when they plot a new strategy.  However, turning a blind eye to the possibility that a strategy may fail can have disastrous consequences. According…

What's Driving the Global Entrepreneurship Wave?

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Article Featured on INC.COM People who have an entrepreneurial spirit simply think and act differently. They aspire to rethink traditional business means and models to create unique, enhanced, and futuristic forms of commerce. In this mindset,…
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Most Family Businesses Lack Succession Plans

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Written by Michael Cohn | Featured on AccountingToday Only 23 percent of family businesses have a robust succession plan in place, according to a new report from PricewaterhouseCoopers, with 46 percent of the family businesses polled saying…