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Chelsea Krause

Lead Staff Writer

7+ Years At Merchant Maverick

Expertise: Accounting, QuickBooks, Payroll, Business Finance

Education: BA English Literature, George Fox University

Chelsea Krause is a writer who specializes in accounting, payroll, and small business loans. She has been with Merchant Maverick helping small business owners manage their finances since 2016. She is a QuickBooks Certified User and former eCommerce store owner. Her accounting expertise has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business. Chelsea graduated summa cum laude with a BA in English & Creative Writing from George Fox University and studied abroad at the University of Oxford as well. She currently resides in Boise, Idaho.

Merchant Maverick Archives for Chelsea Krause

First internet bank logo

First Internet Bank Review

First Internet Bank has an impressive claim to fame being one of the first fully online banks. The company offers high APY for its savings accounts and a large array of business services, making it a good fit for businesses that want an online bank with lending and investing options available.

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Apr 18, 2024 Filed under: Business Bank Account Reviews
Young woman doing payroll

How To Set Up Gusto Payroll

Learn how to set up Gusto payroll in this full video walkthrough. See the setup process step-by-step in real time so you can know exactly what you’re getting into before setting up your Gusto account.

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Apr 11, 2024 Filed under: Payroll, Small Business
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.

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Feb 5, 2024 Filed under: Business Banking
Live Oak Bank logo

Live Oak Bank Review

The main thing Live Oak Bank has going for it is high APY and no monthly fee. You won’t find fintech features like invoicing or accounting like you would with LendingClub and Lili Bank. You also won’t find business checking yet, so if you want additional features, a checking account, or no foreign transaction fees, a Live Oak bank alternative might be a better fit for your business.

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May 16, 2024 Filed under: Business Bank Account Reviews

What Is Depreciation?

Depreciation is a method of writing off an expense over a period of years rather than all at once with a typical tax deduction. Depreciation is used for purchases and expenses that are considered long-term assets, meaning their usefulness lasts longer than one year.

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Nov 27, 2023 Filed under: Accounting, Bookkeeping, Invoicing

What Are Tax Credits & How Do They Work?

A tax credit is an amount of money taxpayers can claim to decrease the amount owed on taxes. Tax credits affect the total a taxpayer or business owes at the end of their tax calculations by allowing you to reduce the amount of money owed, or even in some cases, increase the amount received in a tax refund.

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Feb 9, 2024 Filed under: Accounting, Bookkeeping, Invoicing

The 31 Best Small Business Tax Deductions

A tax deduction is a business expense you can use to reduce your total taxable income. According to the IRS, expenses that qualify for deduction must be “both ordinary and necessary.” Expenses that meet these requirements can be written off on your tax return, saving you hundreds or potentially thousands of dollars each tax season.

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Feb 9, 2024 Filed under: Accounting, Bookkeeping, Invoicing