How Does QuickBooks Online Compare to QuickBooks Desktop?

Software companies are moving more and more towards having their products in the cloud, and QuickBooks is no different. The desktop version has been a bestseller among small and medium-sized business for years, and the online version has also been picking up steam in...

Choosing an Accounting System

An important part of running a business is tracking your finances so you can run profit and loss statements, balance sheets, budget to actual reports, and others if needed. A very small business with minimal financial activity may be able to get away with using an...

Segregating Business Funds from Personal Funds

Even if you don’t have employees, and even if your business is just a side gig, you need to segregate your business’ finances from your personal finances. In addition to record-keeping and tax preparation being easier, if you ever get audited by the IRS, you’ll be...

Filings to Make for New Businesses

As you get started, you’ll need to file certain paperwork to register your business. The biggest ones involve getting an EIN, registering your business name, and getting any licenses and permits you need. An EIN, or Employer Identification Number, is the business...

Deciding on Corporate Structure

Choosing the right corporate structure for your business will depend on a few factors, mainly the risks and potential liabilities of your line of business, how many owners you plan to have and flexibility you’ll need in raising money, the cost of taxes, and the...