On the long list of reasons for business success, company culture too often gets short shrift. Company culture is more ephemeral than accounting processes and sales figures; there isn’t a spreadsheet that can tell you […]
What’s the best payment method for small businesses? Some say cash is king, while others swear by credit cards. But in light of the coronavirus, small business owners may have had to forgo their preferred […]
QuickBooks commissioned economist Susan Woodward to uncover how COVID-19 has affected the finances of small businesses throughout the U.S.1 Woodward’s analysis uses net bank deposits — in other words, how much money is going into […]
Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they’re not prepared. The cost of an unexpected event can be substantial. Hiscox quotes a […]
So you’ve decided to take the leap and start a new business. Congratulations! Making that decision might feel risky and overwhelming, but as the saying goes, “Fortune favors the bold.” Creating your own business is […]
Editor’s note: Regulations and guidance from the Internal Revenue Service and U.S. Treasury Department is evolving. Please refer to the latest guidance from the IRS and Treasury to confirm how it applies to your particular situation. The IRS and Treasury […]
Many people dream of being self-employed, setting their own hours, and making more money. However, one of the biggest retirement money mistakes made by the self-employed is, well, not actually setting aside money for the future. It […]
In business, it’s not always a great idea to follow your gut. When it comes to making financial decisions, hard data can help you remain objective. Financial reporting is an integral part of running and […]
Before computers and software, we did all of our accounting by hand. Business owners kept any accounting records in large binders with reams of paper files. Fortunately, accounting has gone digital, and as a small […]
When you’re starting a business, there’s a lot to take into consideration, like your personal interests and skills, and demand in the marketplace. But you should also consider profitability. Are you starting a business that […]