Form 1120S is required annually of every S corporation (S-corp). The return includes a combination of financial information and questions the IRS will use to determine potential tax liabilities. We’ll cover how to enter the financial information and do an in-depth dive into the questions required on Schedule B. If you’re ready to fill out…
How To
How to Implement Effective Sales Territory Management in 5 Steps
Sales territory management is the process of creating territories and assigning dedicated sales reps to each one. It involves segmenting customer and prospect data into regions or territories based on attributes such as location or industry, and then setting territory goals. Learning how to manage a sales territory effectively will promote even workload distribution, optimize…
Selling on Facebook Shops & Facebook Marketplace
With Facebook as the leading social platform for online purchases, it is an advantage for retailers to learn how to sell on Facebook on top of having an online store. To sell products on Facebook, you first need a dedicated Facebook page for your business (not your personal page). Next, either connect your ecommerce platform…
3 Steps on How to Screen Share on Video Meetings (With Tips & Photos)
Screen sharing is the process of remotely presenting your screen to others, allowing session participants to see your screen. It’s a great tool for meetings, training, tech support, and collaboration. If you’re looking to learn how to share a screen, you can do so in just three steps. First, you must log in or join…
How To Open a Business Bank Account for an LLC
The process of how to open a business bank account for an LLC involves forming a limited liability company (LLC) through your state’s secretary of state, getting an employer identification number (EIN), choosing a bank, then preparing your application documents. Following these steps helps you separate personal and business finances, which enables the limited liability…
How To Make a Journal Entry in QuickBooks Online
To create a journal entry in QuickBooks Online, you must complete the journal entry form. This involves selecting the date of the transaction or adjustment, selecting the accounts that are impacted, inputting debit and credit amounts, and including additional information, like description, class, and location if needed. This guide walks you through how to make…
How to Start a Print on Demand Business in 2024
Print on demand (PoD) allows small businesses to offer personalized products without the burdens of inventory management. It has been a game changer for entrepreneurs, particularly artists and creators, because they can turn their creations into merchandise and revenue-generating assets. Wondering about adding PoD to your entrepreneurial repertoire? This step-by-step guide will help you navigate…
How to Accept Credit Card Payments at Craft Shows
Craft shows are a great platform for small businesses, particularly startups and solopreneurs, to build relationships with customers, get discovered by wholesale buyers, and network with other artists/vendors. Inventory is often limited and products cost anywhere from one to a few hundred dollars. Customers at these events will only carry a certain amount of cash,…