Section 1231 assets include real estate and depreciable assets used for trade or business and held for more than a year. They are named after section 1231 of the US tax code. Capital assets are defined more broadly as property used personally or held for investment. Knowing the difference in 1231 asset vs capital asset…
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Insightly vs HubSpot: Which CRM is Best for Your Business?
When comparing Insightly vs HubSpot customer relationship management (CRM) platforms, you’ll find differences in pricing structure, specialized features, and customer service quality. Insightly has a free option with basic features and paid plans with project management functionality. HubSpot, on the other hand, offers a free plan with superior integrations, reporting tools, and support channel options….
QuickBooks Online vs Desktop: Which Is Right for You in 2024?
QuickBooks Online is a cloud-based software that can be accessed anywhere with an internet connection, while QuickBooks Desktop is locally installed. QuickBooks Online offers four scalable plans and a user-friendly interface, making it suitable for most SMBs. QuickBooks Desktop has three versions: Pro, Premier, and Enterprise—but Pro and Premier will be discontinued for new users…
FedEx vs UPS vs USPS: 2024 Shipping Comparison + Updates
Consider cost, speed, and service when comparing the top shipping companies—FedEx vs UPS vs USPS (United States Postal Service). Each one is reliable, offers affordable options if your package doesn’t need to arrive quickly, and allows you to pay more for faster delivery. Most small packages ship for less than $15 with each carrier. FedEx…
QuickBooks Payroll vs ADP Run: Which One Is Right for You?
QuickBooks Payroll and ADP Run both offer cloud-based payroll solutions and include tax payments and filings in their services. When comparing QuickBooks Payroll vs ADP Run, the primary difference is in human resources (HR) features. QuickBooks Payroll concentrates on payroll processing with unlimited pay runs but has limited HR functionality and integrates only with Intuit…
Difference Between Business Miles and Commuting Miles
Commuting miles are the travel between the taxpayer’s home and primary work place, while business miles can be driven for various business reasons. Business miles are a deductible business expense, but commuting miles are not. Note: The Tax Cuts and Jobs Act (TCJA) suspended the deduction for employee business expenses—including business mileage—for tax years through…
Shopify vs Square 2024: Pricing, Features & What’s Best
If you’re comparing Shopify vs Square, you are likely looking to sell online or need a multichannel sales tool for online and in-person sales. Shopify and Square offer user-friendly point-of-sale (POS) software, online store, and ecommerce functionality, and integrated payment processing with industry-leading omnichannel and contactless payment tools. However, the two systems have different specialties….
Google Workspace vs Office 365: Which Is Better?
Choosing between Google Workspace vs Office 365 is challenging. Both offer comparable office software apps and pricing, though Microsoft costs more after the first tier. Choose Google Workspace to get easy-to-use tools and integrations to facilitate real-time collaboration in today’s work-from-anywhere world. Go with Microsoft 365 (MS365) if you prioritize streamlining workflows with its automation…