This article was published by the IRS. Many people are engaged in hobby activities that are also a source of income. For example, some people started selling handmade items during the pandemic. These people must report this income on their tax return. A hobby is any activity that a person pursues because they enjoy it and [...]
Setting up the right reminders within QuickBooks can help keep cash flow moving, which is critical in scaling your growing business. One of the most awkward and uncomfortable situations in business is having to remind clients about late payments on a bill or open invoice. Even harder is trying to respectfully request immediate payment without the [...]
This article was published by the IRS. Depreciation is an annual tax deduction that allows small businesses to recover the cost or other basis of certain property over the time they use the property. It is an allowance for the wear and tear, deterioration, or obsolescence of the property. Small businesses can depreciate property when they [...]
A chart of accounts is a list of the account numbers and names relevant to your company. The 4 primary groups in a standard chart of accounts are Asset, Liability, Income, and Expense. This video contains some helpful tips in how to organize them in QuickBooks or QuickBooks Online to make your small business’ financial information [...]
Time is your most valuable resource. It can't be renewed or reimbursed. So why waste it? QuickBooks Time's cloud-based employee time tracking and scheduling solution puts critical minutes back in your hands. Employee hours are instantly accessible by admins and business owners. Schedule your workforce with ease and get to-the-second info about who's working and where. [...]
