SBA Form 912, the Statement of Personal History, is a document designed to determine eligibility for SBA funding based on things like a borrower’s character and reputation and must generally be completed by business owners and certain individuals who manage major daily operations of the company, regardless of the type of SBA loan you’re getting….
How To
Self-employed Payroll: Processing Your Own Paycheck
When processing payroll for yourself vs employees, choosing the right business structure is key to minimizing taxes. Determining how much and how often to pay helps with managing profitability and cash flow, which is why setting up a self-employed payroll system is important. The easiest approach is to work with a reputable payroll service—it can…
How to Close a Finished Year in QuickBooks Online
Today, I’ll show you how to close a finished year in QuickBooks Online, which locks your past transactions and protects them from unwanted changes. This includes reviewing your books (reconciling accounts, generating reports, verifying customer balances, etc.) and setting a close date. I’ll also share how to make adjustments to transactions if needed before you…
Expert Take: Supporting Your Employees After Natural Disasters
When disaster strikes, learn five strategies for providing affected employees with the short- and long-term care they need to get back on their feet.
5 Expert Tips for Supporting Employees After Natural Disasters Employees from Florida to North Carolina experienced the devastation wrought by Hurricanes Helene and Milton. With many employees displaced and others without clean drinking water, electricity, or shelter, there are plenty of big and small things you can do to support your staff and the community…
How to Complete Form 4835
Our guide walks you through how to complete Form 4835, from getting the form, providing identifying business information, and completing the parts, to filing the form. The form is generally used by farm owners who receive a portion of farming profits in place of rental payments but don’t conduct the farming operations themselves. The rental…
How To Set Up a Chart of Accounts in QuickBooks Online
In this tutorial, I’ll show you how to set up a QuickBooks Online chart of accounts. I’ll cover how to navigate to the chart of accounts where you can add a new account and modify and delete existing ones if needed. You’ll also learn how to import a chart of accounts from an Excel spreadsheet…
How to Register a Business (+ Free Checklist)
Before your business can begin operating, it needs to be registered with state and local agencies. And before registering your business, you will have to choose a business name and obtain an employee identification number (EIN) from your state. While this process will register your business as a legal entity, there are other benefits as…
How to Set Up Company Information in QuickBooks Online
I’ll show you how to set up company information in QuickBooks Online in three simple steps. I’ll cover how to navigate to the Company tab where you can enter or adjust basic company details, including your business type and physical and email addresses, how to enter information to be printed on tax forms, such as…