8 Signs Your Business May Need a Bookkeeper
8 Signs Your Business May Need a Bookkeeper When you first start a business, doing your own bookkeeping may make perfect sense. There may not be many transactions. You know what every purchase was for. You can send a few invoices, keep an eye on the bank account, and enter transactions into QuickBooks when you […]
QuickBooks Online Classes and Locations: What Are They and When Should You Use Them?
QuickBooks Online Classes and Locations are tracking tools that help you measure different parts of your business. Classes track departments, divisions, or service lines, while Locations track where business activity occurs, such as offices, stores, clinics, or rental properties. But not every business needs them, and sometimes your Chart of Accounts or QuickBooks projects is […]
Should You Make A Year-End Business Purchase For The Tax Deduction?
Thinking about making a year-end business purchase for the tax deduction? Before you spend, consider whether your business actually needs it, can afford it, and whether buying now really makes financial and tax sense.
Offering Trump Account Contributions to Employees? Here’s What They Need To Know
What Should You Tell Employees About Trump Account Contributions? Employees want to know what the company is giving them. They want to know if they are required to contribute or allowed to contribute anything, if there are any limits, if their child qualifies for the account and where the contribution goes. So, you’ve done your […]
Your Client Wants to Offer Trump Account Contributions: Now What Happens in Payroll?
Can you add that to payroll? A business owner calls and says: “I want to give my employees $1,000 for their kids’ Trump Accounts. Can you add that to payroll?” My first answer would be: “Not quite yet.“ Yes, employers may be able to contribute to Trump Accounts for employees or their children under the […]
1099 Rules Are Changing for 2026: What Small Business Owners Need to Know
1099 Rules Are Changing for 2026 Beginning with payments made in 2026, the IRS has increased the minimum reporting threshold for certain payments from $600 to $2,000. Beginning after 2026, the threshold will also be adjusted for inflation. If you own a small business and pay independent contractors, subcontractors, attorneys, landlords or other vendors, there […]
Before Your Business Starts Contributing to Employees’ Trump Accounts, Read This
Thinking about contributing to Trump Accounts for your employees? IRC Section 128 may allow up to $2,500 per employee to receive favorable tax treatment, but employers need to understand the written-plan, eligibility, contribution and nondiscrimination rules first.
Trump Accounts: Who Qualified, The $1000 Contribution, and How They Work
You may be hearing quite a bit about Trump Accounts. Maybe you’ve heard that the government is putting $1,000 into an account for children. Or have you heard that parents and grandparents can contribute? Or maybe you’ve heard that employers can contribute for their employees. There is a lot of information floating around, and like […]
You’re More Than A Number: Why Connection Matters In Accounting
We don’t settle for “technically, the job is done” when we know something could be better.
Sometimes the Back Road Is the Better Road: Your Business Goals Should Be Your Own
A few days ago, I traveled from Marshfield, Missouri, where I live, to Strafford, a small town nearby. The card printer at my local bank branch wasn’t working, and I needed to pick up a card at the branch in Strafford. While I was there, I got into a conversation with one of the ladies […]