What is

Cash Stuffing: What Businesses Need to Know

Economic conditions are causing consumers to tighten their wallets and carefully monitor spending. Cash stuffing is making a comeback as a budgeting method of choice.

By Meaghan Brophy September 11, 2024 | Ecommerce, Insights and Trends, Retail, What is

Cash stuffing is a budgeting method that has recently started gaining traction. While many consumers have increasingly gone digital in their spending, rising inflation and cost of living have pushed some—particularly younger consumers—to pursue “old school” approaches to money management. With “cash stuffing” making the rounds across millions of posts on TikTok, it is one…

What Is a Kanban Board: A Small Business Guide

By Silvana Peters September 10, 2024 | Office Technology, What is

A Kanban board is a visual project management tool that shows teams what needs to be done, what is ongoing, and what’s completed. Its key benefits include improved workflow visibility, enhanced team collaboration, and streamlined task prioritization. When selecting a Kanban tool, prioritize features like customizability, drag-and-drop functionality, and integration capabilities. Our resource will help…

What Is a Phone Extension & How Does It Benefit Small Businesses?

By Faithe J. Day, Ph.D. September 10, 2024 | Office Technology, What is

Phone extensions are short numerical codes integral to directing calls and responding to inquiries. Small business owners often use phone extensions to organize communication flows, resulting in more efficient and cost-effective call management. To answer the question “What is a phone extension?”, we’ve outlined key features, examples, and benefits for solopreneurs, multi-location teams, and small…

SBA Microloans: Rates, Eligibility & How to Apply

By Andrew Wan September 6, 2024 | Financing, What is

One of the many financing options offered by the Small Business Administration (SBA) is its microloan program. SBA microloans offer up to $50,000 in funding and are designed to help small businesses and certain not-for-profit childcare centers. Startups are eligible, and funds can be used for almost any business-related expense that helps the company grow….

What Is a Qualified Joint Venture for Married Couples?

A qualified joint venture (QJV) is a business owned by a married couple. It allows them to report their business activity directly on their joint income tax return instead of filing a partnership return (Form 1065).

By Liz Smith, CPA, MSTFP September 5, 2024 | Taxes, What is

Without QJV rules, a business that is not formally organized with a state but is solely owned and operated by a married couple would default to being treated like a partnership for tax purposes—even when there is no official partnership agreement. Being treated as a partnership for tax purposes would subject the taxpayers to more…

What Is QuickBooks & What Does It Do?

By Eric Gerard Ruiz, CPA September 5, 2024 | Accounting, What is

QuickBooks is the most popular accounting software suite widely used by small businesses to manage their financial transactions. It lets you invoice customers, pay bills, generate reports, and print reports to be used to prepare taxes. The QuickBooks product line includes several solutions to support different business needs, including QuickBooks Online, QuickBooks Payroll, QuickBooks Time,…

Background Check Policy: What to Include + Free Template

By Genevieve Que September 3, 2024 | Free Resources, Human Resources, What is

An employment background check is a process for verifying a candidate’s background and qualifications and screening for red flags by checking criminal records, credit reports, driving history, and more, when applicable. Before conducting one, it is important to implement a background check policy to ensure fairness, transparency, and legal compliance. Your background check policy should…