As a new small business owner, you quickly realize that there’s a big difference between running your own business and running a business on your own. That’s where QuickBooks comes in, providing you with the tools you’ll need to confidently manage your business from day one. New business? No problem.
This article was published by the IRS. The Internal Revenue Service has provided details clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their [...]
If you have QuickBooks Online Plus or Advanced, you can use Projects to track income, material costs, and labor expenses for specific projects. Once you've finished setting up your employees, you can assign their time to a project. Follow the helpful step-by-step instructions in this video to learn how to do these tasks and more.
This article was published by the IRS. The Internal Revenue Service is reminding taxpayers that they must again answer a digital asset question and report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term "digital assets" has replaced "virtual currencies," a term used [...]
Massachusetts follows most federal laws for small businesses. The majority of small businesses are sole proprietorships. A sole proprietor is an unincorporated business with one owner who pays personal income tax on business profits. A sole proprietor will complete Schedule C. Schedule C acts as a profit or loss statement for your business and is a [...]
