The Truth About the IRS’s Private Debt Collection Agencies

In a change implemented last year, the IRS called for backup from the private sector. This means that these four companies could be coming after your tax debt in lieu of the IRS. As...

How to Utilize Drop Shipping and Maintain Sales Tax Compliance

Drop shipping can facilitate order fulfillment at any time of year, especially during the busy seasons. Unfortunately, drop shipping can also complicate sales tax compliance. With drop shipping, a retailer purchases product from a supplier...

8 Cash Flow Management Tips to Overcome Summer Slumps

Irregular schedules and incomes are just part of the job for many small business owners and entrepreneurs. During the summer months, this is especially true, as business slows and your best clients may be...

Invoice Factoring vs. Invoice Financing: Which Is a Better Choice to Grow Your Small...

To keep moving forward, your small business needs the fuel of working capital. Learning how to get working capital is important, but can prove a challenge for small business owners. You have a variety...

Win at Taxes: Classify your Small Business as a Pass-Through Entity

Across the country, CPAs are crunching (and crunching, and crunching) numbers to assess how their clients can benefit from the new tax reform law. And for small business owners, becoming a pass-through entity is...

12 Steps To Manual Payroll in QuickBooks 2018 Desktop

Thousands of emerging small businesses have been preparing manual payroll for their few employees using the old-fashioned method of looking up tax tables to process payroll deductions. Unfortunately, QuickBooks stopped featuring this ‘built-in’ functionality...

The Costs and Effects of Labor: How to Calculate your Burdened Labor Costing

As a business owner, you may have heard the term “critical mass” before. It refers to the minimum amount we need to start or maintain a venture. However, we all know that when operating...

Comparing the Most Popular Options for Small Business Financing

Every business needs working capital to grow, whether that's remodeling your current physical location, opening a new one, buying inventory or new equipment, hiring new employees, or other major purchases that are vital to...

The Impact of Tax Reform on Financial Statements: Are You Ready?

You’ve probably seen the big changes that many publicly traded entities have announced related to the accounting for the Tax Cuts and Jobs Act. It’s important to remember that the impact of tax reform...

Why Using Sales Tax Revenue as Working Capital Could Destroy your Small Business

There’s an urban myth among many businesses that goes something like this: “I collect sales tax, therefore it’s OK to use it from time to time to run my business.” However, this line of...