Collecting payments from clients can sometimes prove to be challenging. About 56% of U.S. small businesses are waiting on unpaid invoices, with the average balance at $17,500. Late payments crush cash flow and slow down growth. If you're a small business owner or freelancer, you might be asking yourself: How do I get paid faster by [...]
If you owe money to the IRS but are unable to pay the full amount, you may be eligible to settle your tax debt for less than you owe. It's called an Offer in Compromise, or OIC. This is an agreement between you as the taxpayer and the IRS that settles a tax debt for less [...]
With QuickBooks Online Advanced, you can reclassify transactions by changing the category, class, or location for multiple transactions with a single step, instead of one by one. One common problem on a Profit & Loss statement is when both parent and sub accounts exist, and some expenses are incorrectly assigned to a sub account when it [...]
We observed World Elder Abuse Awareness Day in June. In that same spirit, let's recognize and celebrate older adults and the value they bring to society. Elder abuse is a worldwide problem, and it's up to all of us to prevent it. Our government agencies can help advance the lives of older adults. For example, the [...]
Watch this IRS webinar to learn more about what a Trump Account is and who is eligible for it as a provision under the Working Families Tax Cuts. A Trump account is a new type of individual retirement account that gives children an early financial foundation and encourages long-term savings and financial awareness. This video: describes [...]
