As a small business owner, odds are you were affected by the COVID-19 pandemic. If you were like millions of other small business owners, you got at least a little bit of financial relief through the US government’s Paycheck Protection Program (PPP) or the Economic Injury Disaster Loan (EIDL) advance. How does this affect your taxes?
Accounting, Bookkeeping, Invoicing Blog Posts | Page 2
Let’s face it: Without capital flowing in and out of your business, your doors aren’t going to stay open for long. Maintaining a healthy cash flow will help your business stay afloat and make it profitable and successful.
Running payroll for the first time can be a little intimidating. But with QuickBooks, it’s all very straightforward and simple — even if you’re brand new to payroll and accounting.
As a freelancer, billing is important. If you don’t send out your invoices, you don’t get paid. But you can’t spend all your time sending invoices and chasing after payments. You’ve got to do some billable work too. Read on to find out the different software services that can help you do everything easier and faster.
The more complex details of payroll and payroll taxes can be time-consuming and confusing, but they are absolutely essential for avoiding legal issues and penalties. We know small businesses have plenty on their plate already, so in this article, we’ve broken down all the steps involved in doing payroll in New York State — and the key regulations to be aware of. Ready to learn how to do payroll in New York? Read on!
Is it time to add Intuit QuickBooks Online Payroll to your business? With its recent changes to its payroll platform, QuickBooks proves that it wants to remain a small business’s best option when it comes to business software. While you might have to pay extra for the service, the features and ease-of-use at all levels mean that QuickBooks should be in contention if you need to add a payroll system.
Invoicing software makes it quick and easy to customize, create, and send invoices. Your clients can even pay you without printing a check, paying for postage, or even leaving their office. If you’re not already using invoicing software, what’s holding you back? For many business owners, a monthly software subscription might not be in the budget. But here’s the great news: there are lots of free invoicing software options on the market.
Instead of wasting time, energy, and office supplies sending out invoices and cashing checks, consider an online invoice payment solution. Sending invoices and accepting payments online is beneficial to you and your customers. And the best part? You can get paid faster — so why not give it a shot?
Whether you’re looking for an incentive to keep your business fully staffed or you need extra funds to keep your business afloat, there are tax credits available to help you. But breaking down the jargon when reading the laws surrounding these credits can get confusing. That’s why we’re breaking it down for you. In this article, we’re going to take a look at two tax credits available for small business owners that have been affected by the coronavirus. We’ll talk about qualifying and calculating tax credits and provide additional information and resources to help your business. Keep reading to take the first step toward financial relief.
In this article, we’re going to discuss what we currently know about PPP tax audits. We’ll look at what businesses will be audited, what these audits will look like, and answer some FAQs about the PPP audits. We’ll continue to monitor this situation and will update this article as more information becomes available.