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If you have recently become self-employed, chances are you’re pretty nervous about handling tax season as a single-person business. Fortunately, while self-employment makes taxes a little trickier, it can also offer a few perks, like the chance to deduct everyday business expenses from your taxable income. One business expense you may be forgetting that could […]

Figuring out your tax liability for income reported on your 1099 forms can get pretty complicated.  The tax rate for 1099 income is twice the rate of W2 income because employers are required by law to automatically withhold income tax from their employees’ paychecks. However, as a freelancer or independent contractor, you are your own […]

Understanding all of the paperwork you need to file for your new business can be a little confusing at first. And if you’re a business that deals with physical inventory, you’ll likely be juggling both purchase orders and invoices—but what exactly is the difference between the two? Purchase orders (POs) and invoices are commonly confused […]

1099 forms are the forms that the IRS uses to indicate income that was earned in some way other than by working for a traditional employer and receiving a W-2 tax form at the end of the year. There are many 1099 forms that cover a multitude of income types, and they are all designated […]

Hi! I’m Meg, and I’m self-employed. Confession time: I recently did something pretty awful. I read everything I could find about 1099s on the IRS website. I kind of had to because, for me, tax time is a bit trickier than just submitting my standard W-2s. To avoid being penalized, I have to obtain a […]

You’re probably familiar with the brightly colored “For Dummies” books. Some of the best-sellers include “Auto Repair for Dummies,” “English Grammar for Dummies” and “SQL for Dummies.” But did you know there is also a “QuickBooks for Dummies” series? Yes, the same way you need an instruction manual to learn the complex computer code “SQL,” […]

I can’t think of anyone who started their own business because they were excited about the bookkeeping. In fact, very few small business owners have  any background in accounting–yet finances are a crucial part of staying afloat!  Hopefully, you’ve got smart bookkeeping software to do the heavy-lifting for you. You shouldn’t have to count beans, but […]

If you’re a small business owner looking for a solution that combines payroll, benefits and HR in one platform, look no further than Gusto. Time-consuming and complex processes are made simple through seamless integration and automation. You don’t have to be a payroll expert to use Gusto’s intuitive interface. This cloud-hosted software is a favorite […]

The peer-to-peer payment app war is growing fierce. The use of P2P (peer-to-peer) payment apps is expected to grow by double digits across all age groups through 2021. Just last year, P2P transactions exceeded $120 billion. Let’s take a look at three of the most popular apps–Paypal vs Venmo vs Zelle–and see who comes out the […]

When we started getting requests to make our email templates smarter, we jumped at the chance. That’s why we’re adding over 40 more shortcuts to make your business emails more personalized. We hope that these additional email template variables help your business life run smoother than ever. Below is a list of variables you can […]