I did not actually have too much experience with bookkeeping platforms before. But we stick with Xero and there is no reason why I should look for another option.
The tax rules will vary depending on what country you want to incorporate and where you will operate your business. The type of entity you select will also impact this answer. If you are looking to form a corporation in the United States, then startup costs incurred prior to forming the corpora...
A lot of the decision involved in this depends on the job functions and sometimes, the state you are located in. There are many legal issues surrounding hourly vs. salary. There is "salary-exempt" and "salary non-exempt". Exempt employees don't receive overtime pay; nonexempt employees do. The...
Great question! Each expert sets their own rate. When a client books a call, they enter the estimated length of call (generally around 30 minutes) and know the estimated amount they will be billed. Once the call is over, Clarity calculates the actual length of call in minutes, multiplied by the ...
NIcole is right. When I first started my business I thought I was saving money by doing my own bookkeeping. It took me much longer than it would take a bookkeeper - all time that I was not spending on marketing or billable activities. And in the end I made errors which made the initial work of ...
Great question. Check out this link: http://www.irs.gov/uac/Do-I-have-to-File-a-Tax-Return%3F PLEASE go speak to a professional about this. You might call one of the tax dudes here on Clarity (go figure...). In the past I have always filed a return -- even if taxes were not owed. It buttons t...
Since some new business owners get excited about revenue, instead of gross profit, it is always wise to show the difference. Let us consider as an example, that your business makes $10,000 (revenue) in revenue in one month, and has a cost of goods (or services rendered) of $7,000. This means th...
Square is great for that. It lets you customize your emails, logo, charge id claim, etc. I used that both as client and provider. Stripe is amazing for an ecommerce platform, but i find some programmers not able to implement API right half the time... You can learn it however through one mon...
If you're asking about processing point-of-sale payments, have you considered using the smart phone tools available from Square, PayPal or QuickBooks? You don't need to have a formal business entity structure to use these. A sole proprietorship is a viable business model to conduct some sales a...
Unless you have a need to show a substantial equity, usually starting the corporation (assuming that's the type of entity you want) with $1,000 is ok. Then the remainder ($49k in this case) is entered as a loan. That way, once you have the cash back in the business account, you're not worried a...