Blog

In a 2015 report, the U.N. estimated the annual cost of eliminating world hunger to be $116 billion per year. In 2016, the IRS published their Federal Tax Compliance report, which estimated the annual tax gap (true tax liability – tax eventually collected) at $406 billion — enough to end world hunger 3.5x.   Ending World […]

We get this question a lot. That’s probably due to the business we’re in (accounting software, with a healthy dose of bookkeeping on the side). Either way, we talk about it all the time. What does a bookkeeper actually do? There are often other questions that go along with that one: are bookkeepers the same […]

Modern technology simplifies and streamlines staffing a small business, no matter where you are. You no longer need to the traditional full office with people typing away in cubicles. Skype, instant messaging, and webinars allow us to work from anywhere in the world, and still get the job done. But technology doesn’t just help you […]

ZipBooks is pleased to announce the launch of personalized machine learning to make accounting simpler for ZipBooks subscribers. This enhanced experience will automate simple accounting tasks, beginning with categorizing transactions. Based on a limited trial rollout, a spokesperson for ZipBooks noted that auto-categorization saved business owners an average of 1.7 hours each month on bookkeeping, […]

The ZipBooks Scholarship Program (ZSP) is now accepting applications! The ZSP supports development of promising students enrolled in higher education, and seeks to supplement career exploration independently with a scholarship of $1000 per student. Who should apply? ZSP applicants should have a track record of academic success. The ZSP eligibility conditions are structured to encourage applicants who may be […]

Happy October ZipBookers! We’ve been working hard to create a smarter experience—something that will save you time and help the bookkeeping process go more smoothly. The more you work in the application, the more ZipBooks learns about your habits, the way you record transactions, and how you categorize each entry. We then combine your work […]

If you’re a driver for Uber, Lyft, or some other ridesharing service, you may not be aware that you’re considered an independent contractor, or in other words, self-employed. Lawsuits are pending in some states that contend that you should be treated like an employee but until that is all sorted out, for tax purposes, you’ll […]

If you use contract employees (also known as independent contractors, freelancers, or self-employed workers), you know you have to issue them a 1099-MISC if you pay them over $600 in a year. But what’s this new thing called a 1099-K, and what does it have to do with your business? In other words, what’s the […]

Taxes can get all kinds of complicated. You have to fill out a series of forms that you don’t understand and then the IRS penalizes you when it’s not done properly. There’s no reason to make things harder than they need to be. So, let’s break down the Schedule K-1 form together. Very basically, a […]

If this is your first year in business, you are about to experience filing taxes as a business owner. This can either be a complete pain or a piece of cake, depending on how savvy you are when it comes to taxes and deductions. When you’re a regular employee, you receive a W-2 form that […]