Blog
Why Timely and Accurate Vendor Payments are Critical for Small Businesses
Paying vendors on time and accurately is crucial for maintaining strong relationships and avoiding costly penalties. Automating your accounts payable process not only saves time but ensures precision, reducing disputes and improving cash flow management. With QuickBooks Bill Pay, you can streamline payments, leverage AI-assisted data entry, and enjoy flexible payment options—all while integrating seamlessly with your QuickBooks Online system. As a QuickBooks Pro Advisor, I can offer my clients a 30% discount on QuickBooks Bill Pay, helping you save money while simplifying your payment process. Reach out today to take advantage of this offer!
Independent Contractor Classification: The Return of the Economic Reality Test
Is Your Gig Worker Really a Gig Worker? New DOL Rule Reshapes Classification Landscape Our latest article dives into the U.S. Department of Labor's (DOL) recent rule change for independent contractor classification under the Fair Labor Standards Act (FLSA). This marks the return of the "economic reality" test, a multi-factor analysis used to determine worker status. What you'll learn: 1. The 6 key factors of the economic reality test: (Think income control, investment stakes, and relationship dynamics!) 2. Why this matters for businesses and workers: (Potential reclassifications, compliance risks, and more!) 3. Navigating state-specific variations: ️ (California's ABC test, anyone?)
Start Out the New Year Right by Reviewing Your Business Expenses
Starting the New Year right involves a thorough review of your business expenses. This is not just about cutting costs, but optimizing resources to ensure every dollar spent contributes to your business’s growth and success.
Understanding Your Balance Sheet: Essential Numbers for Small Business Owners
A balance sheet is a crucial financial statement that provides a snapshot of a company's financial position at a specific point in time. It outlines a company's assets, liabilities, and equity, offering insights into its financial health and stability.