QuickBooks Checking: Small Business Banking Reimagined

QuickBooks Checking is a bank account reimagined for small business. It allows your money to work for you right in QuickBooks Online. Time is money. QuickBooks Checking is not just fast; it's instant. As soon as invoices are paid online or you take a payment with the card reader, funds are available. Then as money comes [...]

Employment Taxes

As an employer, you do not need to register yourself for withholding to pay your own income taxes. If you expect to owe more than $400 in MA income tax, you are required to make individual estimated income payments. Rules are a little different for farmers and fishermen. You can find more information on the DOR [...]

IRS Help for Employers Wanting to Rehire Retirees or Keep Them after Retirement Age

This article was published by the IRS. The IRS reminds employers they generally won't jeopardize the tax status of their pension plans if they rehire retirees or permit distributions of retirement benefits to current employees who have reached age 59 ½ or the plan's normal retirement age. With the COVID-19 pandemic, many employers, including governmental employers, [...]

Partnerships

If you have a business partner, this video is for you! A partnership is an arrangement between two or more persons to carry on a trade or business. Each person contributes money, property, labor, or skills, and expects to share in the profits and losses of the business. The partnership passes through any profits or losses [...]

Small Business Advertising and Marketing Costs May Be Tax Deductible

This article was published by the IRS. The tax law allows businesses to deduct expenses that help them bring in new customers and keep existing ones. These costs may include expenses for advertising and marketing. Here are some details about this valuable tax deduction that can help small businesses save money on their taxes. Advertising and [...]

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