Your Small Business Survival Guide for If (and When) the Economy Slows Down

Your Small Business Survival Guide for If (and When) the Economy Slows Down According to one recent study conducted by the Small Business Administration, there are approximately 28.8 million small businesses in the United States that are…
Increased Business-Vehicle Deductions Due to Tax Reform

Increased Business-Vehicle Deductions Due to Tax Reform

The Tax Cuts and Jobs Act of 2018 and other tax reforms have brought about significant changes in the way that vehicle use is deducted for business purposes. Before getting into these changes, it is appropriate to first provide a review of the…
Reasons Why Your Small Business Needs an Employee Identification Number

Reasons Why Your Small Business Needs an Employee Identification Number

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Entrepreneurs often shrug off the idea of obtaining an employer identification number, or EIN, believing that their small business really doesn’t need one. Though there are some cases where a solo business can get away with merely utilizing…
Getting the W-4 Right Is Important

Getting the W-4 Right Is Important

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As they do at the beginning of every year, employers will be requesting employees to complete the IRS Form W-4. Its purpose is to provide employers with the information they need to determine the amount of federal income taxes to withhold from…
Resolve to Do These 3 Things in QuickBooks Online This Month

Resolve to Do These 3 Things in QuickBooks Online This Month

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‘Tis the season for making resolutions and setting goals. Try exploring these three areas to dig deeper into QuickBooks Online. By now, many New Year’s resolutions have already been made – and broken. Though they’re usually created…
6 Common Small Business Accounting Problems That Are Killing Your Growth

6 Common Small Business Accounting Problems That Are Killing Your Growth

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If you’re a small business owner, you want your organization to do far more than survive: you want it to thrive! Unfortunately, to make sure that customers are happy and the lights stay on there are a lot of details that need attention, and…
2019 Standard Mileage Rates Announced

2019 Standard Mileage Rates Announced

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The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the…
S Corporation Stockholders Are You Taking Reasonable Compensation in the Form of Wages

S Corporation Stockholders: Are You Taking Reasonable Compensation in the Form of Wages?

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S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of business structure in which the business does not pay income tax at the corporate level and instead distributes (passes…
Mitigating the Effects of Employee Burnout: What You Need to Know

Mitigating the Effects of Employee Burnout: What You Need to Know

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Make absolutely no mistake about it: Not only is employee burnout very real, it’s probably costing your business a lot more money than you realize. It’s also not a problem that you’re necessarily going to be able to buy your way out of,…

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…