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A big part of running a business is working with independent contractors. These are self employed professionals you hire to support a specific aspect of your business. These are different than working with employees because they usually bring in their expertise to solve a specific business problem you're dealing with.…

All the Best Practices to Get the Best Financial Outcome From Your Organization If you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don't think enough about until it's far too late, bookkeeping would undoubtedly be right at…

There are always more things to learn about the applications we use every day. Here are some tips for expanding your use of QuickBooks Online. We tend to fall into the same old patterns once we’ve learned how to make a computer application work for us. We learn the features…

There are unique challenges when running a restaurant business. They are: 1. Accounting for Tips Patrons will include tips in their payments. Is that considered restaurant income? How about paying out those tips to your employees, are those counted as wages? Restaurants can have different methods of tip handling. Whether…

Tax planning season is coming up very soon. It's critical for you to sit down with a competent CPA and review your business's numbers for tax planning purposes. You don't want to get hit with surprises when you file your taxes next year. However, are your numbers in good shape…

Restaurant accounting is defined as the process of recording, analyzing, and interpreting financial data for a restaurant. These include booking financial transactions such as supplier invoices, payroll, POS sales, sales taxes, and accounting for overhead expenses such as rent, insurance, maintenance, and any other cost necessary and as an ordinary…

Do you know what the CDTFA is? If you don't and you sell products in CA, you better learn fast! The CDTFA stand for the California Department of Tax and Fee Administration and they are the tax authority that your report and send sales tax payment to. Registering with the…

According to one recent study, plant-based foods are now available in about 53% of households in the United States.Roughly 35% of Americans say that they've consumed some type of plant-based food in the last year, and of that number, 90% say that would happily do so in the future. All…

1) The US recession actually lasted only two months. While difficult times for many individuals and small businesses lasted much longer (and for some are still continuing), “the U.S. recession touched off by the coronavirus lasted only two months, ending with a low point reached in April 2020 after the…

Human beings are visual learners – they always have been, and they always will be. A big part of this has to do with the way that the human brain works. According to one recent study, when people hear information, they generally only remember about 10% of what they're exposed to.…