Five Ways to Avoid an IRS Audit as a Small Business
Practices and habits that may trigger an IRS audit and how your small business can avoid those triggers.
How to Choose the Right QuickBooks Online Subscription for Your Small Business
Figuring out which Quickbooks subscription is right for you and your business can be tricky. The accounting and bookkeeping platform is a crucial lifeline for small businesses around the world. Making sense of how to use it for your business can be a challenge though. And one of the first things a new QuickBooks user [...]
Paying Yourself as a Small Business Owner
A problem that many small business owners struggle with is a very basic one - how to pay yourself! It might feel weird to pay yourself as the owner of your own business, but you owe yourself a salary or some form of compensation while you’re maintaining and growing your business. Whether you use Intuit [...]
QuickBooks Online Payroll Changes
Changes are coming to QuickBooks Online Payroll effective March 8, 2021. QBO Online Payroll subscribers will be stepped-up and realize enhanced and frequently requested new capabilities aimed at making payroll runs more reliable, easier and quicker than before. And three payroll offerings will be available instead of two. The QBO Payroll offerings are: QB Online [...]
Intuit Launches QuickBooks Commerce for Online Stores
Big news! Intuit has just launched QuickBooks Commerce. This addition to the growing portfolio of Intuit accounting solutions will be welcomed by QuickBooks Online product (vs services) sellers who need inventory management, order processing and accounting automations across multiple sales channels. This includes users of eBay, Amazon, Squarespace, WooCommerce, Shopify, Magento, Zapier, Etsy, Shipstation and [...]
S. S. Payroll Tax Deferral Program – Help or Headache?
The latest payroll tax deferral program was recently rushed into existence as part of the U.S. government’s response to the Coronavirus and continues to evolve – and much remains unclear. Major questions remain which most employers must unfortunately deal with as they remain in the middle, between both the IRS and employees. For example, it [...]
Preparing QB Desktop files for import into QB Online
As more and more firms make the move from PC and server-based QB Desktop (“QBD”) to cloud-based QuickBooks Online (“QBO”) file size can be a concern, especially for QuickBooks Desktop files containing many years of transactions. However this conversion is a good time to purge your system of old and useless entries (vendors and customers [...]
Help Applying for CARES
The SBA CARES Act On March 27, Congress passed and President Trump signed into law the CARES Act (the Coronavirus Aid, Relief, and Economic Security Act) — a significant piece of legislation that provides approximately $2 trillion of economic assistance in various forms to both consumers and businesses. As a part of CARES, the Small [...]
Los Angeles City Small Business Emergency Microloan Program
IRS FTB UPDATE: COVID-19: IRS and CAL FTB Tax file and pay deadlines extended to July 15, 2020. - Outdated links removed 2025 COVID-19 has hammered our southern California economy, as a large portion of businesses – and workers – are now in hibernation. No one really knows when we can all just get back [...]
Payroll Tax Problems and the IRS
Small business owners have so many business tax responsibilities – income taxes (federal and state of course) sales taxes (now hugely more complicated than even a year ago), excise taxes, city and county taxes, franchise taxes, many special taxes, and of course payroll taxes. This is where part of employee pay is withheld and reported [...]