Business Entity Comparison Chart

Entity Accounting and Recordkeeping Fringe Benefits Liability Sole proprietor, singlemember LLC, and husband/ wife business • Schedule C (Form 1040), Profit or Loss From Business• Schedule F (Form 1040), Profit or Loss From Farming• Schedule SE (Form 1040), Self-Employment Tax• IRS Pub. 334, Tax Guide for Small Business• Accounting is less involved than partnerships and […]

Develop a plan of action for your company with Divvy

Divvy has studied the habits of resilient businesses to find out how they not only survive financial downturns—but make it out even stronger. Their field guide breaks it down into four actionable steps that your team can implement immediately: Balance value + innovation Discipline finances Prioritize customer-facing teams Stick to the essentials Is your business […]

30 Reasons Why It’s Better to Have Professional Help with Your QuickBooks® Software

If you own a small business, you probably chose QuickBooks® as your company’s accounting software. After all, it’s the market leader in small business accounting software. While it’s intuitive in some places, there is a learning curve that everyone must go through in order to use the software properly.  There are also places where you […]