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
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…
Employee Incentive Programs: 7 Types (+ Setting Up Your Own)
Employee engagement plays a significant role in ensuring the productivity, satisfaction, and loyalty of employees. One effective strategy for keeping engagement high is to implement employee incentive programs, which motivate employees and contribute to the overall success of the organization. Although incentive programs are often thought of as strictly rewards for specific achievements, they can…
What Is a Business Email Address & How to Make One in 4 Steps
What is a business email? A business email is an email address sharing your business domain name, such as myname@mybusiness.com. It provides instant legitimacy and recognition for your brand instead of a generic domain (e.g., myname@gmail.com). Best of all, making a branded business email address is affordable and easy: Get a domain, choose a hosting…
How to Do Payroll for Small Businesses (+ Video & Template)
Handling small business payroll includes having to consider everything, from setting up your business as an employer to paying your employees, tax agencies, and other applicable entities. When learning how to do payroll, there are several steps you must follow to ensure that you’re fully compliant with federal and state laws. If you’d rather learn…
How to Claim the Tax Credit for Hiring Felons
Employers claiming a $2,400 Work Opportunity Tax Credit (WOTC) for hiring felons must follow a strict set of procedures to qualify for the credit. The first step is to have the potential employee complete IRS Form 8850 before offering them employment. You’ll then need to have the qualifying candidate certified by the state and file…