The 6 Most Important Accounting Regulations for Small Businesses

The 6 Most Important Accounting Regulations for Small Businesses

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.

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W-2 or 1099? The Difference Could Make a Big Difference

W-2 or 1099? The Difference Could Make a Big Difference

If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to the difference between independent contractors and employees. The IRS and Department of Labor are very strict about what a contractor is and isn’t. Businesses that incorrectly classify employees as contractors can face steep fines and penalties.

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Use QuickBooks Reminders to Prevent Accounting Problems

Use QuickBooks Reminders to Prevent Accounting Problems

Having trouble keeping track of bills that need to be paid, invoices to be sent or inventory items that need to be reordered? QuickBooks contains a dedicated set of tool that automates the process of setting up and displaying reminders to help you keep track of these things and more. These reminders can help prevent serious accounting problems such as cash flow irregularities.

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15 Financial Terms Every Business Needs to Know

Entrepreneurs go into business with a variety of built-in skills. Some are natural salespeople, while others have the ability to come up with ideas that sell themselves. But while there may be a handful of entrepreneurs who are truly financially savvy, the majority cringe at the thought of preparing financial statements and managing their books. Wherever you may fall, there are some basic financial terms every entrepreneur should know as their business grows. These terms may come up in meetings with potential investors, partners and clients, so it’s important to be aware of them and to understand how they might affect your business.

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EMV Compliant? The Way Consumers Pay is Changing

In an effort to reduce credit card fraud, the standard for payment cards is moving from the magnetic stripe to EMV chip technology. To protect your business from liability and enable a safer checkout experience, it is important to take the proper steps to ensure you comply with EMV standards at the point of sale.

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