Blog Posts | Page 2

How Much Does A Restaurant POS System Cost?

Small restaurants and food trucks will likely only need one countertop POS system with basic inventory management, so we recommend a simple POS system setup that meets a smaller budget. These businesses can save money with a free restaurant POS system like Square For Restaurants and affordable Square POS hardware ($59-$799).

Read More
Mar 7, 2024 Filed under: Point of Sale, Restaurant POS
best business checking accounts

The Best Business Checking Accounts

You work hard for your business’s money, and your checking account should honor that with great perks, low fees, and helpful banking features. We ruled out the mediocre banks and only included business checking accounts with features and rewards that stood out from the rest.

Read More
Feb 5, 2024 Filed under: Business Banking
Doing taxes for Venmo as a small business owner.

Venmo Taxes: When To Expect Form 1099-K

If you are required to file a tax return, you must report all income. Even if you didn’t receive a Form 1099-K in the past, you should have reported the taxable income you received through Venmo, PayPal, and other cash app transactions on your tax return. The new rules under the American Rescue Plan simply make sure that this income is reported. For tax year 2024, if you receive over $600 in income through these sources, you will receive a Form 1099-K and a duplicate form will also be sent to the IRS.

Read More
Mar 19, 2024 Filed under: Accounting, Bookkeeping, Invoicing

The Complete Guide To Filing Self-Employment Taxes

If you are self-employed, you are still responsible for paying taxes. However, your taxes won’t be automatically deducted every time a client pays you.
Instead, you will be required to file additional forms with your annual tax return and pay any taxes owed. In some cases, you may be required to estimate your tax liability and pay taxes every quarter.

Read More
Feb 1, 2024 Filed under: Accounting, Bookkeeping, Invoicing

Credit Report VS Credit Score

It’s worth noting one more key difference between credit reports and credit scores. Credit bureaus are legally obligated to give you a free credit report once a year, whereas there is no law requiring them to provide a credit score. This means you’ll have to pay a fee to access your credit score through one of the “big three.”

Read More
Jan 31, 2024 Filed under: Accounting, Bookkeeping, Invoicing, Business Loans
Cost segregation reported on your taxes.

How To Report Cost Segregation On Your Tax Return

You’ve decided to cash in on accelerated depreciation with cost segregation, but what are your next steps once the study is complete? How you claim this depreciation varies based on whether the study was completed the same year you purchased the property or if you had a look-back study performed later. 

Read More
Jan 25, 2024 Filed under: Cost Segregation