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Before COVID-19 hit the world, employers were focusing on efforts to help employees to be more productive. The Gartner Report of 2018, states that fifty percent of 239 large corporations admitted they were monitoring their employees. Most of this monitoring was with employees’ social media accounts and emails. All of this monitoring helped them to…

A stock out or (out-of-stock) is when you run out of inventory for your business. This can affect part of your business or all of your business depending on what you are out of stock on. Stockouts are expensive for business owners. They harm customers and retailers as they both miss out on sales and…

Quickbooks online just sent out a mass email to all its current customers letting them know that there is a price increase of $10 per month on their current subscription. Here’s what inside that price increase. The price increase will be for the subscriptions for Essentials, Plus, and Advanced products will be increasing in an…

How much money will it take to start your new small business? Calculating the startup costs for your small business can be challenging. These numbers are essential to request funding to attract investors, and estimate a return on your investment. Here’s what you need to know. Figure out your costs before you launch that new…

Do you manage the payroll in your business in-house? Your Upper Valley Business Payroll just might be costing you more than you realize. There are hidden costs from employee productivity to IRS penalties that eat away at your profitability. Here are some tips to save you time and money and massive headaches on your Upper…

Even is you are aware of most of the features in Quick books Online, it can be tough to track everything during a busy season of bookkeeping. Intuit heard the feedback from Accountants and responded to make QBO more user friendly. Here are some of the latest and upcoming changes to Quick Books Online to…

What happens when you bookkeeper of 20 years moves or retires or takes a new job? Now, you have to hire a new accountant to manage your books and payroll. There will naturally be a learning curve for any new bookkeeper to manage your books and payroll. That brings us to the question that many…

Each year we come to the end of the year and the IRS (Internal Revenue Service) comes out with the next years mileage rate. The 2021 IRS business mileage rate will go into effect January 1, 2021. The IRS business mileage standard rate offers U.S. employers a tax-free threshold for their reimbursements. This is important because, in…

Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A – for tax years beginning after December 31, 2017. The deduction allows eligible taxpayers to deduct up to 20 percent of their qualified business income (QBI), plus…

Let’s paint the picture of what really happens with time sheets. It’s 8:05 am, your employee Dan just got to work and are settling in at their desk. Fast forward to Thursday evening when that same employee hands in his time card. He wrote down 8:00 am and 5:00 pm on the time card even…

If you are an online business owner, then you will understand how important it is to provide support to your customers when shopping online with your business. With every major tech company providing solutions for online payment purchases, it has never been easier to start accepting payments online. There literally are hundreds of online payment…

Good news to all those that accepted Payroll Protection Monies. The SBA has opened its portal and lenders begin to accept forgiveness appliations. The review process will certainly uncover more potential fraud. Here’s how to be aware and help prevent the issue. As we know the Paycheck Protection Program (PPP) has provided much needed funds…