How Do You Store Documents in QuickBooks?
Accounting can generate a lot of paper. QuickBooks provides tools that can help you manage digital versions. We’ve been talking about the “paperless office” ever since PCs hit our desks. Yet many workspaces are still cluttered with paper. Even in the digital age, many of us hold onto paper documents related to our QuickBooks records—receipts, […]
How to Set Up a Bookkeeping Cycle in QuickBooks Online
Do you have a regular schedule you follow with your QuickBooks Online work? It can be a good strategy. Bookkeeping is cyclical. You tend to do the same things over and over, which may get to be a bit of a drag for you. QuickBooks Online can automate some processes, and it certainly helps minimize […]
Unpaid Payroll Taxes: A Common Small Business Mistake
Managing a small business involves juggling many responsibilities, and payroll taxes often get overlooked. Unfortunately, failing to handle payroll taxes properly is a common mistake that can lead to significant financial and legal issues. What Are Payroll Taxes? Payroll taxes include federal income tax withholding, Social Security and Medicare taxes (FICA), unemployment taxes, and state […]
Tax Planning Strategies Every Entrepreneur Must Know for 2025
Why Tax Planning Is Crucial for Entrepreneurs in Today’s Dynamic Economy Navigating the financial landscape as an entrepreneur requires more than just managing daily operations; it demands strategic tax planning. As tax laws shift and economic challenges arise, staying proactive is essential to minimize liabilities and maximize opportunities. This blog explores key strategies entrepreneurs can […]
Starting Your Own Business: The Essentials for New Entrepreneurs
Once you have an idea, starting a business can be very exciting, but also daunting. It is important to map everything out before you start to avoid potential pitfalls down the road. Here is a guide to set up your new business for financial success. Know Your Market It is crucial to conduct research on […]
Section 179 Deduction for Small Businesses
The Section 179 deduction is a valuable tax incentive designed to encourage small businesses to invest in their growth. It allows businesses to deduct the full purchase price of qualifying equipment and software from their gross income, making it an attractive option for those looking to expand or upgrade their operations. Here’s a closer look […]