As you reach the final months of any year, there’s the holiday period. (Insert any number of appropriately timed seasonal cliches here.) However, there’s also the process of closing the books on one year of business finances and planning to smooth out any kinks in the year ahead. For many small businesses, payroll is one […]
Tax and Accounting
Why Small Businesses Should Pay Attention to Quarterly Tax Payments
There are a lot of awesome things that go along with owning a business. For example, personal fulfillment, passion—and, of course, making money. But what goes hand in hand with making money? Paying taxes. Filing business taxes can be complex, daunting, and nerve wracking. After all, everyone makes mistakes. So if you own a small […]
How to Start a Home-Based Bookkeeping Business with No Prior Experience
When it comes to work-from-home opportunities, there’s plenty of attention paid to things like affiliate marketing and e-commerce. That makes good sense since those have been reliable ways to earn money for a long time now. They also have fairly low barriers to entry and just about anyone can get started in those fields with […]
5 Ways to Incorporate QuickBooks into Your Accounting Processes
With over 42 million users and counting, QuickBooks is one of the top accounting software platforms in the world. Though there are many reasons why this software product is so popular today, one of the most common is it’s easy to use and understand interface. QuickBooks can also be described as an automated comprehensive bookkeeping […]
Understanding Payroll Frequency: The Enigma Decoded
A year can be divided in multiple ways: 52 weeks, 365 days, or 12 months. This means there are different payroll schedules that a business owner can follow—weekly, bi-weekly, semi-monthly, or a combination of a few. How do you know which payroll frequency is the most optimal for your business? While there are a few factors […]
4 Pros of Hiring a Bookkeeper Instead of Managing It Yourself
Small businesses—no matter what you’re selling—all have one thing in common. Bookkeeping. Scrambling to organize every receipt, log every mile driven, tracking each expense, and feverishly downed cups of coffee as you meet with a client. At the end of each quarter, it’s time to figure out exactly what you owe in taxes—what you made, […]
7 Year-End Accounting Tips for Small Businesses
The holiday season is full of obligations. In the midst of the present buying, Christmas caroling, and tree trimming, make sure you don’t forget about your year-end accounting. Closing the books at the year’s end is an integral part of running a business. Year-end accounting is your way of making sure your business finances are […]
9 Accounting Best Practices for Truckers
Learning to keep track of your books is important for any business owner. Sound financial information makes it possible for them to accurately maintain their books, file their taxes, and make business decisions. There is a lot of work that goes into maintaining your books and keeping track of your accounts. If you don’t organize […]
3 Expert Tips to Prevent Your Business from Going into Administration
If you’re worried that your business might be on the brink of administration, or you’d like to prevent the unspeakable from ever happening, then you’re in the right place. Here at SmallBizClub, we’re passionate about supporting businesses like yours through the good times and the bad times! The insolvency process is something no business owner […]
Applying the Home Office Deduction to an E-Commerce Business
Most people know already that if you work from home, you can deduct your office space from your tax return. However, not everyone knows exactly how to deduct their home office space, or what qualifies the office space for the deduction. If you run an e-commerce business, there’s additional things that you may need to […]
