Answering a few common QuickBooks Desktop questions …

If you're a small business owner looking to apply for your first business credit card, remember ... function over flair!

As a business owner, I understand the importance of finding and partnering with the right bank and establishing a strong banking relationship … one where your bank knows YOU and not just your account number.

Apple is a year and a half into their two-year transition to Apple Silicon. With only the Mac Pro remaining in the current Mac product line to transition to Apple Silicon and the next generation Apple Silicon chip, M2, announced at WWDC 2022 with the first two Macs running on M2 - the MacBook Pro available now and the MacBook Air due out July 2022, now is a good time for businesses that rely on Macs (and are still using Intel-based Macs) to take proactive steps to ensure those businesses are ready to transition to Apple Silicon-based Macs when the time comes.

Here are some basic tips and best practices if you’re considering upgrading to Windows 11!

Most individuals seek internships to get their foot in the door, learn and gain first-hand, real world experience in their respective fields and industries. And yes, getting paid is a major plus too.

While large businesses may have the resources to maintain their own in-house HR, payroll, & benefits teams, the same may not be true when it comes to small and mid-size businesses. Some small and mid-size businesses may opt to outsource some of these functions to a third-party (ex: payroll through a payroll company) or outsource the entire function by working with a Professional Employer Organization (PEO).

If you’re a startup or small business, finding the right office space for your business can be challenging. In addition, depending on where you are located, commercial office leases can be quite expensive.

So, your commercial lease is coming due and you are considering staying put and signing a lease renewal with the landlord. Before you have the lease drafted, think about the concessions you’ll want from the landlord in return for signing on for more years. It’s all about negotiating the best deal you can possibly get from the landlord!

Finding commercial office space can be quite a challenge. While there’s certainly real estate available, finding the right office space that satisfies your business needs, fits your business vibe, is conveniently located, offers your business the flexibility to grow and which falls within your budget doesn’t necessarily come easy.

Many companies keep physical company checks on hand for their business. However, with payment options like ACH, wires and online bill pay through your financial institution and a variety of other electronic payment options, is it necessary to have physical company checks?

A limited liability company (LLC) with two or more members is defaultly treated as a Partnership for tax purposes.

If you’ve decided to operate a business as yourself without forming a separate legal business entity, you might be thinking … well, the money flows right into my personal account so that’s how I get paid … while that’s certainly true, it’s not the ideal way to operate as a sole proprietor.

We’ve talked about having a good accounting system/solution to manage your business finances. While there are many accounting systems/solutions to choose from, QuickBooks remains a popular choice used by many businesses. It’s relatively easy to use and navigate. It’s adaptable and flexible to most businesses/business models and you’re sure to find accounting/finance professionals who have experience with QuickBooks.

It should go without saying that you should always purchase and use genuine licensed software.

Generally, if an employee incurs legitimate business expenses on behalf of the company and pays for those expenses using their own money or a personal credit/charge card, the employee, subject to the company’s policy and its ownership or management’s approval, may submit a company expense report with the proper receipts/backup for reimbursement through the company.

A cash flow projection is another tool to help manage and monitor the financial health of your business and for fiscal year planning and budgeting. In a cash flow projection, you are projecting your potential monthly cash inflows and outflows.

Steady cash flow is vital for any business but even more so if you’re an independent small business. After all, if you don’t have a steady cash flow, you can’t pay bills, employees or even yourself!