The 5 Best QuickBooks Apps for eCommerce

QuickBooks® is undoubtedly the most popular accounting software targeting small and medium sized businesses. The software contains a lot of useful features that ease the task of managing money and understanding your profitability. What’s great about the accounting software is that it supports the integration of hundreds of third-party apps, greatly expanding its functionality and boosting employee productivity. Below you’ll find the 5 best QuickBooks apps for eCommerce. Each app has been highly rated by users.

The QuickBooks apps can help businesses save time and expense while managing business resources, and all of the apps recommended here are available through the Intuit App Center. They are reasonably priced, making them affordable for small business owners. Some of the apps integrate with QuickBooks desktop while others work with the online version of the accounting software.

Here we will take a look at 5 great QuickBooks apps that are especially suited for small business owners.

1. Unify
Unify is one of the best QuickBooks apps for eCommerce firms. The app allows you to track everything relating to your online website including expenses, revenues, fees, customers, and products inventory. It integrates with about 70 e-commerce platforms and automatically syncs all accounting related data to QuickBooks.

2. Amazon Sync – Unify

Amazon Sync allows online business owners to save on the cost and time involved with transferring Amazon account data to QuickBooks. The app features tons of functionality to sync sales information across multiple channels, view financial reports, and email customer lists to email marketing platforms for carrying out promotional efforts. It works with QuickBooks Online and desktop, Amazon, eBay, Bigcommerce, Etsy and various other eCommerce platforms.

3. Magento QuickBooks App

Magento online app developed by JMA Web Technologies allows you to sync inventory, customers, products, and orders with QuickBooks Online. For integration with the desktop version, you can use another software made by the company known as Connex for QuickBooks. Using this third party app, you can automatically sync accounting related data with QuickBooks.

4. eBay Sync

eBay Sync integrates with QuickBooks Online and desktop editions. It saves the time involved in transferring data from eBay to QuickBooks. The third party QuickBooks app allows you to stay organized. You will always remain up-to-date on the financial position of the company. You’ll gain insights about the trends and margins of your sales.  Plus, you can view financial reports that show you order volume, revenues, expenses, inventory and much more.

5. ShipRush

The fifth best accounting software for eCommerce firms is ShipRush. It allows you to compare rates, obtain discounted postage, and print shipping labels. You can import shipping orders from QuickBooks Online and print labels for FedEx, UPS, and US Postal Service. Another popular option is ShipStation. Review and compare to determine which app suits your needs best.

Apart from the above, you can find a number of online apps that help you run your eCommerce store. Third party QuickBooks apps can save you the time, cost, and effort involved in performing accounting related tasks. If you want to add to the list of best QuickBooks apps for online firms, feel free to share a comment.

To read an in-depth article on QuickBooks Online versions, click here.

2017 Quick Tax Guide for Small Businesses

For most small businesses, the few months of the year means preparing for the tax season. They have to finalize the previous years’ invoices, receipts, and other documents for tax filing. However, before you meet with your accountant to prepare your tax returns, here are a few things you should know regarding the tax season 2017.

About the Tax Season 2017

The most important thing that you should keep in mind is that the deadline for filing taxes has been changed this year. The filing dates of Partnerships and S-Corps have been moved up, while C-Corps’ filing dates have been pushed back.

The due date for Partnerships (Form 1065) and S-Corps (Form 1120-S) has been pushed up from April 15 to March 15. Also, the filing date of C-Corps (Form 1120) has been pushed forward from March 15 to April 15.

Make sure that you keep the new deadlines in mind when preparing for the current tax season. Small businesses that miss their deadline for filing taxes will have to ask for an extension from the IRS. That being said, the taxes are still due on the tax day even if the IRS grants an extension, and any money owed to tax collection agency must be paid.

Tips to Prepare QuickBooks Online for Tax Time

QuickBooks Online (QBO) can make the process of filing taxes super easy for the accountants. Almost everything that you need to enter into the tax returns will be available in the QBO accounts. But you need to ensure that the accounts accurately reflect the transactions carried out during the year. This is a critical step. Otherwise, if the IRS finds any errors such as missed transactions during an audit, you will have to pay a hefty fine.

The first task that you should do is review the accounts and ensure that they correctly reflect actual transactions. Make sure that all the credit and cash transactions are entered into the accounts. Also, you should review the accounts and ensure that the transactions have been categorized correctly. Here are some of the other things that you should specifically look at when reviewing the accounts.

    • Transactions recorded to uncategorized expenses and income
    • Duplicate Transactions
    • Old balances in the account receivable and payable,
    • Old balances in the undeposited fund’s accounts

Next, you must review the profit and loss report and balance sheet to ensure they accurately reflect the transactions entered. Also, don’t forget to reconcile and update the bank account.

Once the above steps have been completed, call your accountant to prepare the tax returns. Remember that taking these steps will make the tax process straightforward and uncomplicated. You will save your accountant time and you will save money. It will also ensure that tax file doesn’t contain any errors, thereby, avoiding the need to pay the large fine to the IRS.

alt="Corelytics Basics"

Corelytics QuickBooks Integration Basics

Corelytics® can help you understand vital signs of your business. It connects with QuickBooks® and other accounting software to give you important insights about your business. The application generates trends, forecasts, goals, and benchmarks that can help owners visualize and share vital accounting stats relating to the business.

Three words that best describe Corelytics and what it does are: Monitor, Diagnose, and Adapt.

By using this QuickBooks add-on app, your accounting staff will spend less time preparing reports and more time diagnosing the financial health of the business. The software app allows you to gauge the overall financial health of the business and gain valuable business insights.

Let’s see what some of the value added features of Corelytics are and the benefits they offer to you as a small business owner.

About Corelytics: How it Offers Value to Business Owners?

alt="Corelytics Finacial Dashboard"

Corelytics is a financial dashboard that can give deep insight into your business. The software app uses predictive analytics that ties to industry benchmarks. It connects with QuickBooks to provide owners with a visual overview of their business.

The application can give you an intelligent and quick analysis of the business health without making any data entry. By just a few clicks of the mouse button, you receive detailed and intelligent insights about the financial performance of your business.

Corelytics helps you monitor financial opportunities and challenges. It keeps you on track about the business health and lets you make key strategic decisions to chart the future direction of your business. Using this software, you can understand vital signs of the business and make important financial decisions.

Probably the best thing about Corelytics is that it aggregates industry data and presents the information in the form of a simple to understand graphs. In this way, you can compare your company’s financial performance with that of the industry.

Growth Trends

Corelytics financial dashboard provides you with information that helps you gauge both short and long term trends. Using this information, you get a clearer picture of your business and understand where it’s headed. This information proves invaluable when making important financial decisions and helps make a meaningful impact on bottom-line of the company.

LOB Gross Margin

Another great feature of Corelytics Dashboard is that it helps you find out about the line of business (LOB) that is putting a drag on the company and which is generating profits. This allows you to see the problem areas that need to be tweaked or fixed. It also shows areas that need do not require change, so you avoid wasting resources on things that aren’t broken.

Contributions of the Staff

A useful feature of Corelytics is that it gives indication of revenue generated by full time equivalent employee (FTE). If the revenue per employee is decreasing, it will give an indication of employee productivity at the company. As a result, you can take appropriate actions to rectify the problem, and boost overall company profitability.

In conclusion, Corelytics allows business owners to find answers relating to the financial health of a company. By integrating QuickBooks with the application, you can gain deep insight into the financial health of your business. And, you improve the odds of success by making the informed decisions.

 

5 Productive QuickBooks Add-ons

You may not know it, but QuickBooks accounting software has found hundreds of third-party add-ons to extend its functionality.  You get to handpick from a host of integrated apps. Each serves different functions, such as streamlining inventory management, giving you more flexibility to record employee time, etc. Using QuickBooks add-ons, you can automate different aspects of your small business.

Let’s take a quick look at 5 must-have apps that are perfect for improving small business productivity. Most of the add-ons listed here are reasonably priced. Additionally, the add-ons mentioned work with QuickBooks Desktop, Online or in some instances, with both versions of the accounting software.

1. SmartVault for QuickBooks (http://www.smartvault.com/quickbooks/)
Smart Vault® for QuickBooks is a great add-on that allows you to go paperless and organize your documents. The online document storage add-on integrates with QuickBooks. It allows you to attach documents to any QuickBooks entry.  Just scan and attach documents to customers and vendor records, bills, invoices, and much more.

Attaching documents within QuickBooks also makes your accounting system audit-ready. All related financial data will be located in a single location, which makes it easier for internal and external auditors to examine and verify company records.

2. Corelytics Financial Dashboard (http://appcenter.intuit.com/corelytics)
If you want greater insights into your small business, you subscribe to Corelytics® Financial Dashboard. The online service retrieves information from QuickBooks and presents the data in the form of easy-to-understand reports.

Not only is Corelytics an award-winning application, many consider it the best solution of its kind. Apart from tracking the performance of the company across different lines, the add-on also allows you to compare how the results stack up against competitors.  Moreover, the software generates forecasts based on existing financial performance. Try the app for 30-days free, and then the cost is $99/month. No credit card required for the 30-day trial.

3. SpringAhead (https://www.springahead.com/)
SpringAhead® uses spreadsheets to monitor employee expenses and time. The online add-on allows you to monitor employee time, expenses, and bills by integrating with QuickBooks. Through three-way integration between QuickBooks, SpringAhead, and SmartVault, you can enter expense data, attach scanned receipts, and export the data to QuickBooks.

4. Results CRM (http://www.results-software.com/crm/)
Results CRM® is an integrated QuickBooks add-on that handles your marketing and sales efforts. You can also manage your relationship and contact data, sales quotes, marketing campaigns, expenses, reports, and much more. The add-on software supports multi-directional integration between QuickBooks, Constant Contact®, Smartvault, and several other programs, greatly improving business productivity.

5. SOS Inventory (https://workplace.intuit.com/sos-inventory)
QuickBooks Online provides great flexibility and convenience in managing accounting functions. However, it lacks a robust inventory management feature. You can solve this problem to some extent by using a third party app known as SOS Inventory®.

SOS integrates with QuickBooks Online and allows small businesses to manage inventories, sales, and customer orders effortlessly. Additionally, you save a lot of time using this third party app. It comes with several features that simplify the task managing inventories.

One of the best things about the app is that it can be accessed from anywhere with a smartphone. Advanced features allow you to manage multiple items located in different locations. You can test the online service free for a 30-day period, after which you can subscribe for $20 per month with a maximum of three users.

Indeed, the above list mentions some of the best QuickBooks add-ons to enhance the productivity of small businesses. There are hundreds of other add-ons that extend the functionality of the accounting software. To read more on QuickBooks apps, check out 7 Great QuickBooks Online Apps.  If you use any QuickBooks add-ons that have improved your company’s productivity, share them with us by using the comment section.

 

Federal Agency Forms

This week, we thought it would be nice to post links to various federal forms from the IRS that you may need as you start your business, report on earnings, and even close a business. In the list below, you can find everything from tax guides and forms to worker’s compensation to social security and more. Enjoy!

Federal Agencies and Forms

IRS Tax Information for Small Businesses and Self-Employed. Industry-specific information, resources, government forms and publications, FAQ, information for new businesses, including requirements for employers.

How to get a FEIN on the Web), by fax, or by mail.

Telephone numbers for IRS Taxpayer Assistance Centers, “your one-stop resource for face-to-face tax help and solutions to tax problems, every business day.” To check your legal business name or get a FEIN, call the IRS business and specialty tax line at (800) 829-4933. To verify SSNs, call the IRS at (800) 772-6270.

Circular E. IRS Employer’s Tax Guide.

U. S. Department of Labor. Compliance assistance, statistics, research. For local DOL services, click your state on the map.

U.S. Department of Labor: State Minimum Wage and Overtime Pay Laws. Click your state on a map to get a summary of the law for your state.

U.S. Department of Labor: The Federal Wage Garnishment Law Fact Sheet #30. For assistance interpreting garnishment orders and conflicts, contact both the Federal Department of Labor and the state equivalent agency.

U.S. Department of the Treasury Publication 1494, which contains tables for determining the Amount Exempt from a Federal Tax Levy.

Publication 15-B. Employer’s Tax Guide to Fringe Benefits.

Publication 517. Social Security and Other Information for Members of the Clergy and Religious Workers.

Publication 525. Taxable and Non-Taxable Income.

Publication 557. Tax-Exempt Status for Your Organization.

Publication 596. Earned Income Credit. Please call us if you think an employee is eligible for EIC payments.

Publication 969. Health Savings Accounts and Other Tax-Favored Health Plans.

Occupational Safety and Health Administration. OSHA’s official website.

Social Security Online. Information on federal disability benefits, how to get your personal Social Security statement, and other topics related to Social Security.

U.S. Citizenship and Immigration Services.

WorkersCompensation.com. A non-government, comprehensive resource for Workers’ Compensation in every state, including forms.

IRS forms and publications. Forms for the current and past years.

Form SS-5a. Application for a Social Security Card.

Form W-9. Use this form to request the taxpayer identification number from a contractor.

Form 1040-ES. Householders can use this form to make payroll tax deposits each year.

Form 1040 Schedule H Instructions. Household employers in New York may need these instructions to comply with FUTA requirements.

Form 941-V Payment Voucher. If you are certain that you are entitled to make your federal tax payment with your quarterly 941 form filing, you can use this payment voucher located on the IRS website. The payment voucher is on the third page of the Form 941 document.

Pay taxes electronically via EFTPS. Household employers may pay taxes electronically by signing up at the IRS website.

Change of address notice to IRS (Form 8822). Use this form also to change the name of your company.

Reporting Tips to Your Employer. Instructions and copies of Form 4070 for reporting tips to employers.

Multiple Worksite Report State Forms. This page has links to these forms for every state and the District of Columbia.

Closing a Business. Your tasks regarding the IRS.

What’s Needed to Start a Small Business?

It’s the dream of many to have a business of their own. Running their own business frees them from being bound to a day job and gives them the authority to be their own boss. Like the sound of that? Then you have come to the right place.

Launching a business is no easy task; it requires the utmost determination, hard work and motivation to leap over the umpteen numbers of hurdles that you may run into along the way. Here’s a general framework that you can follow whenever you are starting up your own company.

Identify the Opportunity
First of all, you will have to review the kind of opportunities you have. What kind of business do you want to start? Each type of business requires a different set of skill, abilities, and knowledge! The choice can be hard, but make sure you grab an opportunity that lies parallel to your passion. If you have passion for something, you may be naturally good at it. For instance, if you’re into cars, then you may want to consider starting up a business related to cars. Get the idea? Let’s move on.

Build Your Business Plan
Just like engineers prepare a plan before they actually start constructing a building, entrepreneurs must also have a business plan that includes each and every detail of how they plan to run their business. From company policies to finances and to marketing – everything is included in a business plan.

Take the time needed to create one. Go to the Small Business Administration site to create one using their free tool. Here’s the link, http://www.sba.gov/tools/business-plan/1. Going through the process of creating a business plan, using this tool or another one, will make things much easier as you move along your journey.

Get Financing
Without sufficient amounts of money, you may find it difficult to start a business. While you may have enough savings to get you started, many people invite investors to invest in their business. This is where your business plan will come in handy. Investors will want to look at how you plan to use their money, and your business plan will enlighten them on this matter.
Similarly, you may want to approach banks, friends and family or any other sources of finance.

Get Your License and Permits
To start a small business, you will be required to complete some simple paperwork. This paperwork is not too complex; however, it is absolutely necessary. You need to make sure you get all the required licenses and permits to operate in your state, city, and possibly your county. Do a search on the web to find out what is required.

Select Your Business Location
The next thing you would have to do is find a suitable location for your business. Working from your home initially may be a viable option especially if you need to keep costs down. If you plan to conduct your business online, then you may be better off working from your home, at least until your business gets stable.

However, if your work necessitates meeting clients and customers, then you may be better off selecting an office in a business district. Just make sure the location gives off a good first impression of your business. There are a number of virtual offices that provide office space by the hour, conference room space, and mailing addresses. Do your research. The options are numerous. Take your time and determine what will work best for your particular business situation and needs.

Set Up An Accounting System
Proper tracking and management of all your cash inflows and outflows and all your finances are vital for the success of your business. There are numerous accounting solutions for small businesses on the market that can help make the job easier. QuickBooks, for example, is quite popular with small business owners due to its ease of use and abundance of features. QuickBooks also has a number of third party add-ons that provide additional customization that suits your needs. Again, do your research or talk to a QuickBooks ProAdvisor. You’ll be glad you did. 😉

Top Mobile Apps for Entrepreneurs on the Go

There are some amazing apps for the young entrepreneurs out there. After all, entrepreneurs of fresh startups generally want all the tools they can get to ensure that they are able to handle each and everything regarding their business, even when they are on the go.

Thanks to the implosion of high-tech gadgets such as smartphones and tablets, managing businesses on the go have never been easier. These ingenious devices are now capable of playing the role of a secretary, a computer, printer center and more.

That being said, regardless of whether you want an app to organize all your important documents, or you are interested in making free conference calls – there’s an app out there waiting for you!

1.     SumUp
This easy to use finance software is highly convenient as it can not only manage your finances but also accept payments. The app can be used to accept credit card payments using your iPad, iPhone or Android smartphone – without requiring a card reader at all!

There are no monthly fees for this app and currently, you can only use Visa and MasterCard for accepting payments. A must have if you’re mostly on the go.

2.     Tiny Scan
Turn your smartphone into a scanner and forget about getting hold of a scanner to scan and send important documents to your clients (or to your office) while on the go. Using Tiny Scan, you can take pictures of any documents and the app will automatically convert them into a PDF file.

A really handy app that all business people should have!

3.     PDF Expert 5
Have you ever had to sign a particular document, but did not have a hard copy of it? You could always print one, but what if you’re on the go and you don’t have access to a printer?

This is where PDF Expert 5 comes in. You can now easily edit, annotate, and fill in PDF documents and add legally-binding signatures without having to worry about printing a hard copy.

4.     Fleetmatics
If your business has a number of vehicles that you want to keep a track of, then Fleetmatics is a must have for you. This app allows you to track all of your vehicles and provides you timely updates on the location of each of them. Besides telling you their location, it will also provide you alerts whenever a service is due.

5.     UberConference
Does your business require you to travel a lot? What about all those important meetings that you simply cannot afford to miss? Thanks to UberConference, you can now make a conference call with up to 100 people at a time. The application is available for both Android and iOS platforms.

The free version of this app will allow you to make conference calls with up to 10 people, and the free version comes with some great bells and whistles including call recording, screen sharing, unlimited conferences and no pins for the organizer.

6.     QuickBooks Online Mobile
Keeping track of and managing your finances can be a difficult task. This gets much more frustrating when you are always on the go, and you have to wait to get back to the office to do all the data entry tasks. This isn’t the case anymore. With QuickBooks Online Mobile app, you can view and edit all your accounting data while on the go. This useful app is available for iPad, iPhone and Android.

To check our previous recommendations of apps for businesses on the go, check out the following articles:

5 Cost Effective Apps for Managing Your Business on the Go

Intuit Apps for Small Business Users

More Apps for Starting and Growing Your Small Business

 

QuickBooks small business software

5 Things You May Not Know About QuickBooks

Intuit’s QuickBooks is a set of software solutions designed to fulfill the accounting needs of small businesses. It is capable of managing payroll, inventory, sales and numerous other financial matters. QuickBooks is a feature-rich solution that, once fully understood by its user, can help by efficiently managing a small business’s financial needs.
Here are some of the most important features and information about QuickBooks that you may not know.

1. The Version of QuickBooks Matters
Gone are the days when QuickBooks used to be a ‘one-size-fits-all’ solution. Now with so many versions of QuickBooks out there, it can be quite overwhelming. Each version of QuickBooks is designed to meet the needs of different types of businesses and what stage of growth they are in. When choosing the right version for your business, consider the following factors:

The Industry – QuickBooks offers tailored solutions for numerous industries, such as Construction, Professional Services and Manufacturing. Each version will come preloaded with the type of forms and preliminary chart of accounts you will need for your particular industry.

Inventory Management – If you need to manage inventory and track it across multiple locations, then you should opt for QuickBooks Enterprise Edition. It comes equipped with an Advanced Inventory module.

Online Access – If your employees need to access the software from various locations around the country, you should consider choosing the QuickBooks Online Edition. This also comes with multiple versions to suit your needs.

2. Integration into Other Applications
Some small businesses utilize desktop or cloud-based applications to manage their business operations. They need a way to get their data into QuickBooks with ease and in the most affordable way possible. As of today, there are hundreds of applications that offer built-in integration with QuickBooks. You can access the QuickBooks App Center to find compatible solutions for your business.

3. QuickBooks Mobile App
A free QuickBooks Mobile app is also available for download. It empowers the staff of your company to take payments from customers at the point of service.

Using this app, they can:
• View and edit information of customers
• Send out invoices, create estimates and keep a record of sales receipts
• Accept credit card payments using a mobile device

Simply put, you and your employees can do business on the go with the QuickBooks Mobile App.

4. Batch Invoicing
Suppose you run a company and charge the same amount to multiple customers. Using this underutilized feature of QuickBooks, you can do the following in the most efficient manner:
• Generate a single invoice which can be issued to many customers
• Generate multiple Billing Groups so you can easily invoice your customers for the same types of products and services
• Apprise your customers of any price changes by issuing a single invoice for everyone.

5. Local Support
Let’s face facts: Setting up QuickBooks may not be as easy as it seems, especially if you are new to using accounting software. Once you have managed to configure the software, the task of managing your business’s expenses can also be a complex one.

However, Certified QuickBooks experts are available nationwide to help you use your copy of QuickBooks in the most efficient and effective manner. Many are bookkeepers and accountants who specialize in certain types of business, so you will have no problems finding one that knows your industry. There are also generalists who are well versed in many industries. Look for the Certified QuickBooks ProAdvisor badges, and you cannot go wrong.

Beginners’ Guide to QuickBooks

QuickBooks is an innovative software program designed especially for assisting small business owners track and manage corporate income and expenses. However, business owners might need some guidance to benefit from all the features of this software.

Here is a step by step guide to using QuickBooks for the first time:

1. Adjusting the General Ledger (GL)
QuickBooks provides you with two options for adjusting the GL i.e. by items or by account. Usually bookkeepers and accountants rely on an account-based GL for generating financial reports, but small business owners rely on an items-based GL for managing business expenses and preparing tax returns.

You will need to adjust the following items in the GL:

A. Income Account

  1.   Open the ‘Add New Account’ window.
  2.   Choose “Other Current Asset” as the account type and name it “Adjustment Clearing” account.
  3.   Open the ‘New Item’ window and create an “Other Charge” Item.
  4.   Name this item as “Adjustment Clearing” and link to the account you created.
  5.   Create another account (optional) and name it Journal Entries.
  6.   Create another “other charge” item, name it Journal Entries and link it to the account.
  7.   Now open the window of “Enter Sales Receipt” and enter your accounts and items.
  8.   Save the created receipt and generate a transaction journal.

B. Costs and Expense Accounts

  1. Create a new “Bank Type” account and name it Journal Entries.
  2. To enter this bank account in the account field, open “write Checks” window.
  3. Then open the item tab and choose the non-inventory or debit items and enter the costs.
  4. Open the “expenses” tab, click on the “job materials account” and enter a negative figure equivalent to the amount added in non-inventory items, to “zero the Check”.
  5. Save the check and generate a journal transaction.

C. Sales Tax Payable

  1. Open a credit memo and enter all the details (just like sales receipt).
  2. Save the memo and generate a journal transaction.
  3. Clear the balance by entering an appropriate journal entry.

2. Creating a GJ (General Journal)
If you select “Journal Entry” for all of the above-mentioned adjustments, then you can view the list of these adjustments by using the account register. Follow these simple steps to create a GJ, which records all the transactions used for adjusting QuickBooks’s data:

  1. Make sure to select “journal entries” on all the above mentioned adjustments.
  2. In order to view the list of adjustments, you can use the register of “journal entries”.
  3. To view a particular entry in detail, highlight the entry and click “edit transaction” option.

3. Profit and Loss Job Report
QuickBooks Premier has a feature called “Expenses not Assigned to Job”. This report contains purchase receipts, but you can modify the report by performing following steps:

  1. Uncheck the “transaction type” option.
  2. Check the “all Income/expense accounts” option.

QuickBooks is a comprehensive bookkeeping software that is not only easy to use, but can also streamline your bookkeeping functions and get you back to what you enjoy doing most, running your business. To learn more about QuickBooks tricks, you can consult a user’s manual or visit our blog regularly.

Check Out What’s New in 2014

Quickbooks 2014 is out! Here are links so you can learn all about what’s new in QB 2014.

Quickbooks (Desktop):

Pro

Premier

New Features in 2014, Intuit Support

Enterprise 2014, Intuitive Accountant

Quickbooks Online:
Intuit Product Page

Quickbooks for Mac:
Intuit Product Page

Ready to upgrade to Quickbooks 2014? Contact us today for your FREE one hour consultation.

Small Business and Employer Tax Info

This week we thought it’d be nice to provide links to some forms and publications from the IRS. As a sort of follow up to our previous post about Self Employment and Tax Obligation our first link below will take you to the IRS Small Business and Self Employed Tax Center. The Tax Center will help you learn more about small business taxes and provide you with all the small business tax forms you heart desires, thanks IRS! We’ve also included links to income tax publications, employer tax guides and wage laws. Enjoy!

IRS Tax Information for Small Businesses and Self-Employed. Industry-specific information, resources, government forms and publications, FAQ, information for new businesses, including requirements for employers. How to get a FEIN on the Web), by fax, or by mail.

Circular E. IRS Employer’s Tax Guide.

Publication 15-B. Employer’s Tax Guide to Fringe Benefits.

U. S. Department of Labor. Compliance assistance, statistics, research. For local DOL services, click your state on the map.

Publication 525. Taxable and Non-Taxable Income.

U.S. Department of Labor: State Minimum Wage and Overtime Pay Laws. Click your state on a map to get a summary of the law for your state.

U.S. Department of Labor: The Federal Wage Garnishment Law Fact Sheet #30. For assistance interpreting garnishment orders and conflicts, contact both the Federal Department of Labor and the state equivalent agency.

Closing a Business. Your tasks regarding the IRS.