MoneySmall Business

How to Manage Payroll for Your Small Business

Paying employees accurately and on time is essential, and a well-managed payroll system can help your small business get the job done while avoiding costly mistakes. To establish a good system, determine which parts of the payroll process you want to manage in-house and…
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What Is a Qualified Business Income Deduction?

No entrepreneur looks forward to filing their business taxes, but everyone looks forward to saving on their tax bill. Now small businesses and self-employed people may be eligible for a big tax break: the qualified business income deduction. This deduction is available for…
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How Long to Keep Business Tax Records

One part of being a business owner means keeping records for everything, including what you’ve earned, what you’ve spent and where you’ve traveled. It can become easy to get swamped in paperwork, and you may be tempted to toss your records once your business taxes are…
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How Bonus Depreciation Affects Business Taxes

A concept that can be confusing and frustrating for small-business owners — especially come tax season — is depreciation. With depreciation, when you buy an asset (like a computer), even though the money has already left your bank account you can’t recognize the full…
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Which QuickBooks Product Do You Need?

QuickBooks is well-known for its vast suite of small-business accounting software and currently offers six distinct products: QuickBooks Self-Employed, QuickBooks Online, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise and QuickBooks for Mac. One of the four…
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What Is a Payroll Schedule? How to Choose One

A payroll schedule determines how often employees get paid, and choosing one for your company is among the first decisions you’ll make as a business owner. Even if you’re the only employee in your business, establishing a payroll schedule for yourself can create a more…
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How to Create a Stellar QuickBooks Online Budget

When it comes to small-business accounting, the first question my clients usually ask me is, “How much money do I have?” So I show them their balance sheet. Their second question is, “How much money did I make?” And that can be explained with the profit and loss…
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How to Undo Reconciliation in QuickBooks Online

Reconciling your accounts is an important step in your business accounting process. Usually, reconciliation signals all the information in your books has been verified against an outside source and the books are ready to be closed for the month. In other words…
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How to Print W2s in QuickBooks Online

Even if your business operates on a non-calendar fiscal year, you still have a number of bookkeeping, tax and reporting requirements to fulfill in January. W2 forms must be distributed and filed prior to the end of January, meaning you have, at the most, 31 days to verify…
MoneySmall Business

Starting an LLC in Michigan: The Ultimate Guide

Michigan is home to a bustling startup ecosystem, and the state often wins accolades for its receptiveness to small businesses. Some of Michigan’s core industries include medical devices, health care, science, automotive, and information technology. Whatever industry your…
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How to Find a Trademark Lawyer

A trademark lawyer can help you protect your business’s valuable intellectual property assets. A trademark is a word, symbol, phrase, or design, such as a logo, that identifies your business’s goods or services and distinguishes them from competitors. The best way to…
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Forming an LLC in Illinois: A Step-by-Step Guide

Running a small business comes with dozens of legal requirements. Many new entrepreneurs depend on attorneys or online legal services to make sure they’re complying with all the legal aspects of running a business. At the outset, you’ll need to decide which type of…
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The Complete Guide to Starting an LLC in Florida

Many people think of Florida primarily as a state to vacation and enjoy leisure time in, but it’s also a top choice for entrepreneurs. Florida is home to 2.5 million small businesses, many of them in the tourism, agriculture, and science sectors. When starting a business…
MoneySmall Business

The Complete Guide to Forming an LLC in Delaware

Delaware might be the second smallest state in the country, but it’s a leader in business formation. More than one-third of Delaware’s income comes from business formation fees and taxes, and it’s a favorite state for Fortune 500 companies, small businesses, and tech…