by Fran McCully | Jul 20, 2017 | Business Tips
For small businesses formed as an S Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with. Many small businesses have organized as an S Corporation form of entity. In many cases, the S Corp election allows a...
by Fran McCully | Jul 13, 2017 | Payroll Tips
Getting payroll done has gotten so much easier than it used to be for small business owners. But there are still some minefields when it comes to state and federal compliance. We’ll take a look at six of them in today’s article. 1- Business or Personal?...
by Fran McCully | Jul 7, 2017 | Payroll Tips
For business owners with employers, payroll is a necessary task that can slow your day and tie you down if you let it. If you’re looking for a way to make payroll less time-consuming, here are five ideas you can put to good use: Employee Onboarding If you hire a lot,...
by Fran McCully | Jun 1, 2017 | Bookkeeping Tips, Management Tips, QuickBooks Help
QuickBooks provides dozens of customizable report templates. You know when you need some of them, but which are musts? You send invoices because you sold products and/or services. Purchase orders go out when you’re running low on inventory, and there are always...
by Fran McCully | May 18, 2017 | Business Tips, Cost-Savings Tips, Profitability Tips
Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end. Spending on one can make you rich and spend too much on the other and it can leave you broke. An expense is best-described as...
