If you are self-employed, it’s really important that you fully understand your responsibilities when it comes to paying taxes. Here are some tips that can help you stay on track and out of any disputes with state and federal tax officials. Income Taxes As a sole proprietor, you are not required to file a separate […]
How Fraud and Scams Affect Small Businesses—and How to Move Forward
Fraud and scams are more than just occasional risks for small businesses—they’re a growing threat that can damage finances, reputation, and even long-term viability. From fake invoices and phishing emails to employee theft and cyberattacks, the impact can be devastating. Small businesses often lack the resources and safeguards that larger organizations use to detect and […]
Mastering Business Budget Forecasting: A Key to Smarter Financial Planning
Budget forecasting is a vital tool in the arsenal of any successful business. It enables leaders to make informed decisions, anticipate financial outcomes, allocate resources wisely, and steer the company toward long-term sustainability. Whether you’re a startup planning your first fiscal year or an established enterprise aiming for growth, mastering budget forecasting can be the […]
Tired of Typing? Use Recurring Transactions In QuickBooks Online
QuickBooks Online is good at saving you time and keystrokes. Here’s another way it helps avoid duplicate data entry. Accounting is a repetitive process. As you prepare invoices and receipts and bills, and other sales and purchase forms, you undoubtedly grow weary of typing the same information over and over. Customer and vendor names, addresses, […]
How to Properly Manage Your Business Cash Flow
Cash flow is the lifeblood of any business. Regardless of how innovative your product is or how many sales you generate, if there’s not enough cash available to cover day-to-day expenses, your business could quickly find itself in trouble. Managing cash flow effectively ensures your company remains financially healthy and resilient during economic ups and […]
3 Ways to Receive Payments in QuickBooks Online
Got customer payments coming in? QuickBooks Online has multiple ways to accept and record them. One of the biggest challenges small businesses face is managing a steady cash flow. Keeping income ahead of expenses is a constant balancing act. QuickBooks Online can help. With easy-to-use forms and a convenient mobile app, it helps you track […]