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…
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What Is a Phone Extension & How Does It Benefit Small Businesses?
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
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).
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?
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,…
SBA Form 1919: What It Is & How to Complete It
SBA Form 1919, also known as the Borrower Information Form, is designed to gather various information about the borrower, the owners of the business, and the financing request. This can include basic identifying information, the purpose of the loan, and the nature of the company’s products and services. Lenders use the information provided to determine…
Background Check Policy: What to Include + Free Template
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…
Employment Probation Period: What It Is + Free Policy Template
An employment probation period, referred to as a probationary or employment training period, is a time frame used to determine if the new hire is the right fit for the position and the company is right for the employee. A typical time frame for a probation period is around 30/60/90 days. Once you’ve determined your…