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Employers Cited for Subcontractor’s $1.6 Million in Wage Theft

Contracting for Labor? Employers Cited for Subcontractor’s $1.6 Million in Wage Theft

Reporting Cash payments of more than $10,000

Federal law requires a person to report cash transactions of more than $10,000 to the IRS. Here are some facts about reporting these payments. Who’s covered For purposes of cash payments, a “person” is defined as an individual, company, corporation, partnership, association, trust or estate. For example: Dealers of jewelry, furniture, boats, aircraft, automobiles, art, […]

Small business cash flow – The state of payments from Intuit QuickBooks

Cash flow is important to the success and growth of any business – and QuickBooks® recognizes how important getting paid and managing the payments process is for small businesses. As a continuation of “The State of Small Business Cash Flow” report released earlier this year, we are further exploring the State of Payments among small […]

QuickBooks Online Payments to offer next day ACH funding

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit Inc. (Nasdaq:INTU) QuickBooks continues to add features to the QuickBooks platform to solve the cash flow crunch problems that plague small businesses. Over the past year, Intuit has leveraged the power of the QuickBooks platform and machine learning to deliver money faster to its customers through innovations such as same day […]

Scan Snap 1500 optimized setting for QuickBooks record keeping

Watch these videos on the Scan Snap 1500 to optimize the setting for QuickBooks record keeping https://www.youtube.com/watch?v=JGMHnU-Ghes https://www.youtube.com/watch?v=KOudU22a_yQ  

Business Gifts Considerations

Giving is a sign of gratitude and appreciation. It’s a common saying that “giving is better than receiving”. The giver has the benefit of feeling good about blessing someone else, and the recipient has both the benefit of feeling good that giver cares, and also that of the actual gift. Additionally, the recipient may be more […]

QuickBooks Online (QBO) Bill Pay timing

First Time Paying Bills When first starting with the Bill Pay service, allow 4 banking days for both bank transfers and mailed checks. After 5 completed payments, payment timing will accelerate (for example, bank transfers under $5,000 will arrive in 2 banking days).   Paying a Bill Enter details on the bill and schedule a […]

Why significantly increasing minimum wage will hurt employees and businesses

Short answer: Micky D’s can only charge so much for a burger and people still be able to afford to buy it. More detailed answer: Since small business margins are very tight, an increase in costs cannot be absorbed without prices being increased. A jump to $15/hr from the federal minimum wage of $7.25 is […]

Small Business Marketing Articles

Small Business Marketing Articles https://www.bizjournals.com/bizjournals/feature/small-business-marketing/2017

IRS Addresses ‘Tip Boxes’

At the end of each shift, then, the individuals decided how to allocate the tip box.  Here, the there was no evidence that the Taxpayer knew the actual amounts received, nor did it issue Forms W-2 or include those amounts on Forms 941. During an audit, the IRS determined that the volunteers should be treated […]

Video Tutorial to create mailing lists from QuickBooks Online for mail merge.

It’s that time of the year where many need a Customer Mailing List to send out Christmas Cards. There’s no function for that in QuickBooks Online, so we created a video to show you how to export that information from existing reports that can be used for a mail merge. The video shows you how […]

Are bonuses a form of employee recognition or compensation?

Are bonuses a form of employee recognition or compensation? Bonuses given to every employee can actually work against productivity and engagement. In these environments, employees come to expect bonuses whether they work hard or not. Read more… https://www.tinypulse.com/blog/are-bonuses-really-employee-recognition-or-compensation

Payment Practices Barometer

Key survey results from the 2016 Payment Practices Barometer https://group.atradius.com/publications/payment-practices-barometer-americas-2016.html

6 pitfalls of SMART Goal-setting

SMART is a mnemonic acronym, giving criteria to guide in the setting of objectives (goals). It commonly represents: Specific Measurable Achievable  (originally assignable ie who will do it) Relevant (originally realistic) Time-bound The primary benefits of utilizing SMART criteria is that goals are easier to understand and it’s clear when they are done. When you […]

How to remain productive when you become overwhelmed.

It’s easy to become overwhelmed in today’s world of always-on connectivity. Family, friends, neighbors, colleagues, and customers have instant access to us and often expect an immediate response. I came across an interesting YouTube video about how to remain productive when you become overwhelmed. In the short (4:26) video, Charles Duhigg, author of “Smarter Faster Better”, provides an […]

Simon Sinek: How great leaders inspire action

I came across Simon Sinek’s 2009 TED Talk a couple of years ago, and it’s really impacted my thinking. I’ve always loved the question, ‘why?’, and I’ve been asking it all my life. Why does a piece of technology work the way that it does? Why did a person do something instead of something else? I ask […]

What pension plan options are available for an S corporation?

Stephen L Nelson, CPA clearly lays out what pension plan options are available for an S corporation. Read the article here.. http://www.scorporationsexplained.com/what-pension-plans-are-available-for-Scorporation.htm

What’s the perfect minimum wage? How about zero?

What’s the perfect minimum wage? Is it $10 an hour? $15? $20? How about zero? That’s right. Zero. While Congress discusses a minimum wage hike, economist DavidHenderson shows that any minimum wage makes it harder for unemployed people (particularly young people) to find work, and forces business owners to cut the hours of lower-skilled employees. […]

Conduct your next interview as if it were the first

Your small business has achieved the revenue level where you can and must hire your next employee. Candidates are coming this afternoon for the interview. Are you ready to make one of the most important decisions of the year? Click the link to read the rest of the article by John Rossheim http://hiring.monster.com/hr/hr-best-practices/small-business/conducting-an-interview/your-next-hire.aspx?WT.mc_n=olm_emp_disp_f&k_clickid=22623d3c-270a-ec29-da75-000044f76317&k_trackingid=69857221

Blind auditions could give employers a better hiring sense

This is a very interesting 4 minute audio story (or read the transcript) of entrepreneur Petar Vujosevic who saw a big problem with the way the hiring system works and set out to improve it. Vujosevic says, “There is definitely room to improve how we view talent, how we screen talent, how we engage with talent and […]

8 FAQs about EMV credit cards

Source: http://www.creditcards.com/credit-card-news/emv-faq-chip-cards-answers-1264.php 8 FAQs about EMV credit cards Chip? PIN? Signature? Will old cards work? Answers to frequently asked questions By Sienna Kossman Read more: http://www.creditcards.com/credit-card-news/emv-faq-chip-cards-answers-1264.php#ixzz3d0qyY8gW Follow us: @CreditCardsCom on Twitter | CreditCards.com on Facebook Compare credit cards here – CreditCards.com The nationwide shift to EMV is well underway. EMV — which stands for Europay, MasterCard […]

Advantages and Disadvantages of Different Business Entity Types

Advantages and Disadvantages of Different Business Entity Types Source: http://blog.accountants.intuit.com/from-the-experts/above-the-forms-advising-clients-on-type-of-entity/ Sole Proprietorships A sole proprietorship is the simplest and most common business structure. This is an unincorporated business with one owner. There is no legal distinction between the business and the owner. Here are some advantages and disadvantages of sole proprietorships: Resources: IRS Schedule C Profit […]

Kevin O’Leary Shares 3 Essential Elements of a Great ‘Shark Tank’ Pitch

Kevin O’Leary Shares 3 Essential Elements of a Great ‘Shark Tank’ Pitch: “They’re able to articulate the opportunity in 90 seconds or less.” “They’re able to explain why they are the right people to execute the business plan.” “They know their numbers.” Read the rest of the article here: http://sba.thehartford.com/article/kevin-oleary-shares-3-essential-elements-of-a-great-shark-tank-pitch/3b0727544dd2d9d45d9c1ecd24b5e0d8?cmp=SOC-SC-Great_Shark_Tank_Pitch_FBSC-03162015  

12 steps small business owner can take to prevent fraud.

There are lots of steps recommended by experts to prevent fraud, some more practically and affordably implement by small businesses than others. In my experience, there are a few important things that small business owners should be doing themselves on an monthly basis that are very effective to deter, help detect, and stop most fraud […]

3 Practical Lessons from Billionaire Mark Cuban

The excerpt is from Dave Ramsey’s interview with Mark Cuban. http://www.daveramsey.com/blog/practical-lessons-from-mark-cuban 1. There’s no reason it can’t be you. After completing college, Mark moved to Dallas, Texas, where he tended bar, sold software, and did whatever it took to learn and get ahead—even down to eating mustard and ketchup sandwiches when times were really lean. But […]