Sales tax is an exceptionally complex element of accounting. We'll give you an overview here of how to set it up in QuickBooks Online, but we strongly recommend consulting someone familiar with it's complexities to ensure accuracy.Read More
As a small business owner, the more knowledge you have regarding your finances, the better you can manage your business. It's best to have a good grasp of these 7 accounting formulas even if you do not plan to manage your own accounting.Read More
It’s hard to believe that 82 percent of businesses that shut their doors cite a poor understanding of management of cash flow as the primary reason. Cash flow is an umbrella term that covers a lot of different parts of your business. Ultimately it’s about balancing income with expenditures.Read More
In this Small Business Week Tax Tip, the IRS encourages all businesses and business owners to know the rules when it comes to classifying a worker as an employee or an independent contractor.Read More
Setting up a cost accounting system can help you better understand the ins and outs of your business. While financial accounting is focused on reporting financial statements to outside parties, cost accounting is inwardly focused and involves the preparation of reports management needs to run a business.Read More
Now that another year has come and gone, if you haven't done so, it's time to wrap and review those work tasks that should have been completed by December 31. Let's take a look at your annual QuickBooks wrap-up.Read More
The business mileage rate decreased half a cent per mile and the medical and moving expense rates each dropped 2 cents per mile from 2016. The charitable rate is set by statute and remains unchanged.Read More
Starting in 2017 employers and small businesses face an earlier filing deadline of January 31 for Forms W-2. The new January 31 filing deadline also applies to certain Forms 1099-MISC reporting non-employee compensation such as payments to independent contractors.Read More
Monitoring and managing your cash flow is important for the vitality of your business. The first signs of financial woe appear in your cash flow statement. Recognizing which aspects of your business have the potential to cause cash flow gaps can help you head off unpleasant financial situations.Read More
Managing your business finances does not have to be as bad as you think if you break it down into manageable tasks. The following checklist lays out a recommended timeline to help take care of all of your necessary accounting functions throughout the year.Read More
Make time tracking and payroll effortless with TSheets and Intuit Online Payroll (IOP).
Watch this short video for a quick overview of TSheets time tracking integration then give us a call to get started. As a TSheets Certified Pro, Sepulvado Consulting Group will get you up and running correctly and with ease.
Choosing a home business is like choosing a spouse or partner: Think carefully before starting the business. Instead of plunging right in, take the time to make sure you know what you are getting into and that a home-business is right for you.Read More
On May 18, the Department of Labor released its final rule doubling the minimum salary needed to qualify for overtime exemption from $23,660 to $47,467. The new regulations take effect December 1, 2016. Small business owners need to have a plan in place to address those employees that will become eligible for overtime come December 1.Read More
A security breach can happen to the best of us; in fact, it has. Hackers have successfully broken into POS systems for stores like Subway, Target and Neiman Marcus. As a respected small business owner, you can't afford to lose the trust of your customers. Put security systems in place to protect your customers' valuable information and your business' reputation.Read More
There are hundreds of accounting regulations to consider, and it's important that your business stay on top of these regulations to avoid costly fines and other penalties. Here are some of the most important accounting regulations to consider as a small business owner.Read More