The IRS treats the owner of a sole proprietorship and the business as a single entity. Instead of paying a 21% corporate tax rate, your sole proprietorship tax rate is based on your personal income tax bracket. Sole props file an annual tax return on April 15 but may be subject to other tax filings….
QuickBooks Pro vs. Premier vs. Enterprise vs. Accountant 2019
QuickBooks enjoys more than 80% of the small business market, with 29 million small businesses in the United States alone. There are four QuickBooks Desktop products: QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise, and QuickBooks Accountant. In this guide, we compare the cost, features and support options, including who each product is right for. QuickBooks Pro…
7 Best Online Bookkeeping Services 2019
Online bookkeeping services help small businesses manage their bookkeeping, payroll, and tax needs. Whether you want to maintain some responsibility or outsource everything, we’ve done the legwork for you and found a mix of the seven best services with a proven track record. Read on for reviews of these online bookkeeping services. Top 7 Bookkeeping…
QuickBooks for Mac: Best Options for 2019
QuickBooks for Mac is an accounting software specifically designed for business owners who use Mac computers. You can purchase QuickBooks for Mac for a one-time fee of $299.99 and use it to track of all your business finances. QuickBooks for Mac is packed with features to help you organize your income and expenses. You can…
10 Best QuickBooks Alternatives 2019 [Free & Paid]
The best QuickBooks alternatives have all the core bookkeeping capabilities that small businesses need but are often easier to use and more affordable. Whether you’re looking to switch from QuickBooks, looking for your business’ first accounting software, or looking for a free QuickBooks alternative, you’ll find a full review of the right accounting software here….
Top 27 Business Tax Saving Tips from the Pros
Taxes are an important aspect of running a business. You need to be aware which taxes to pay and when they are due. It can be overwhelming, but planning ahead can help you file on time and claim the right deductions. Here experts share the most effective business tax saving tips you can try. Below…
Bookkeeper Salary: Full Charge, Certified, Part-Time & More
The average bookkeeper salary is $18.87 per hour ($39,270 per year), per the Bureau of Labor Statistics. In this guide, we cover the average bookkeeper salary by state and provide tips on how to increase your earning potential up to 10 percent above average. Your education level and work experience impact these figures. If you’re…
How to Account for Employee Expenses [+Free Expense Report Templates]
Employee expenses on your books are business expenses an employee pays for with their own personal funds or a corporate card and reimbursed later by the employer. The most common expense reimbursements are for airfare, hotel and meals. A written expense policy and a standardized expense report template will save time and help keep employees…
How to Convert from QuickBooks Desktop to Online in 9 Steps
If you need to access your data away from the office or want to give users outside of your company access, it’s time to convert to a small business accounting software like QuickBooks Online. The good news is converting from QuickBooks desktop to online is so easy, you can do it yourself; if you get…
Xero vs. Wave Accounting: Price, Features, & Who’s Best in 2018
If you have a service-based business that does not sell any products, choose Wave. However, if you sell products and need the ability to stay on top of supplier bills, Xero has few limitations. Unlike Wave, Xero includes automatic tracking of all inventory, the ability to print checks to pay your bills, and payroll processing….
How to Set Up Messages in QuickBooks Online
Welcome to the Fit Small Business QuickBooks Online training course! In this lesson, we’re going to cover how to set up messages in QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have one already, click here to sign up for a free 30-day trial and follow along below….
How to Set Up Expenses in QuickBooks Online
Welcome to the FitSmallBusiness QuickBooks Online training course! In this lesson, we’re going to cover how to set up expenses in QuickBooks Online. You can follow along on your own QuickBooks Online account. If you don’t have one already, click here to sign up for a free 30-day trial and follow along below. To complete…
