Business Discussions

   

We are a new church plant and were debating utilizing Quickbooks online or nonprofit. The customer service rep convinced me to go online with more options. The problem is after I ordered online, it did not have the option to create member contribution statments which is important to any non-profit. In short, I wanted to merge giving/donations/etc. to one system vs going back and forth between one in accounting and one for our contributions. I called Quickbooks and the rep tried to help me out, but couldnt. However, he led me down a path and I figured it out. #1 First, decide how you will track your donations.https://community.intuit.com/articles/1145821-recording-in-kind-donations-receivedThis was important as I didnt want my contribution statements to merge with accounting because I can pull that information directly from my bank. #2 Keep your donations in one account. Example. If John Doe gives monthly, it shouldnt be 4 seperate transactions. However, once you click into Jo

Hey everyone - this is my first post  and I'm not really sure if we're allowed to ask specific tax questions, but figured I'd give it a shot.   It's probably a dumb question, but if I ended up with $700 in net income this year (my first), would I pay the 15% SE tax on the whole $700, or just on the $300 that's above the $400 IRS threshold? Hope that made sense.  Thanks!     (Title edited by moderator for clarity)

    Heather originally didn’t set out to create a business when she started selling her unique crafts to her fellow students in art school, but p i ‘ l o has now been going strong for more than 20 years.    She creates luxury pillows and home decor items that are sold all over the world and in huge online stores that include the likes of Anthropologie, but Heather still struggles to call herself a business owner.    We couldn’t wait to find out more about her journey, the special formula she uses to price her products and what she's hoping to learn next from you!   Name: Heather Shaw   Business: p i ' l o Designs in Toronto   Started: 1994   How and when did you decide to start your business?   I always knew this is what I wanted to do, and I was only 20 when I started this business — while I was still in school!    I went to art school In Vancouver, but honestly, they didn’t know what to do

In 2014, Lindsey Laurain was inspired by a conversation with her husband to find a product that would make mealtime with her small kids a lot less messy — and a lot more fun. Soon after, she quit her corporate job and created EZPZ Happy Mats, a line of colorful, practical mats that double as both placemats and plates. Lindsey was recently one of our top 10 finalists in Small Business Big Game, so we reached out to learn more about her journey as a small business owner and what she's learned along the way!   Name: Lindsey Laurain Business: EZPZ Happy Mats Started: August 2014 Tell us a little more about how you came up with the idea for EZPZ placemats. Who or what inspired you to create your product? The idea for our EZPZ Happy Mats was born purely out of mealtime frustration.  My husband and I have three little boys — three-year-old identical twins and a five-year-old — and one night at dinner my husband got so frustrated because every plate or bowl was on the floor. He

Ok, we'll go first: "Love." This month, QB Community is all about how we share the love - with clients and customers, employees, suppliers and - yes! - our own hardworking selves. Check back throughout the month of February for members' ideas on putting all those good vibes into practice.  Now it's your turn: What's the one-word theme that's pushing you forward this month?

Name: Willa Amai Business: Singer-songwriter — professional 8th grader   Founded: Musically gifted since, well, birth   Willa Amai remembers being just three years old and singing to her sister and her parents in “gibberish.” Her lyrics may not have been clear, but, even then, Willa’s gift for music certainly was. Her talents were nurtured with regular piano lessons, and, at age nine, Willa started setting her original poetry to music. Today, the newly minted teenager is represented by We Are Hear, a record label and management company founded by multi-platinum producers Linda Perry and Kerry Brown. Recently, Willa was selected out of more than 100 artists to create and perform a cover of the Daft Punk song chosen for the QuickBooks 2018 BACKING YOU campaign. Her beautiful melody and rich, resonant vocals have put this talented, inspiring teen in a bright spotlight. Good thing Willa is very much ready to shine.    Willa, you just turned 13. The fact that you have a

Any advice on whether one is required to file/issue a 1099 to a contractor/vendor based on a corp-to-corp relationship? 

IF A SALARIED EMPLOYEE STARTS WORK THE SECOND WEEK OF THE MONTH AND THEY ARE PAID 2 TIMES PER MONTH HOW ARE THEY PAID FOR THE SECOND HALF OF THE MONTH. I PAID THEM AN HOURLY RATE FROM THEIR START DATE TO THE 14TH OF THE MONTH (THE FIRST HALF OF THE SALARY PAY) WHICH WAS 24 HOURS. SHOULD I PAY THEM HOURLY FOR THE SECOND HALF OF THE MONTH OR USE THE SALARY AMOUNT FOR THAT SECOND HALF?

Hi! I'm new here and need guidance with tax purposes. I just became self employed and need to know if there is any other tax agency besides the irs that I must pay. My current setup in quickbooks simple is state sales tax for the irs in my state. Can someone please advise if I need to take money from my earnings to pay other obligations and if so, how?  

  In a related article, How I Hired a Nanny and Became a Household Employer in 8 Steps, I outlined how I became tax compliant when I hired a nanny and, as a result, became a household employer. Here, I take a deep dive into sample pay calculations for two different states -- Washington, an income-tax-free state, and California, a state with income tax. (Also be aware that some cities levy a local tax.)   So, let’s say I pay my employee $20/hour for 30 hours a week working in a state without income tax, like Washington. The chart below shows what the breakdown of pay and taxes might look like. (I used this household employee tax calculator to create these breakdowns.)   I want to draw your attention to five figures in the above chart: $600.00 - Employee’s gross pay $494.30 - Employee’s net pay (the amount that will be withdrawn from my account on payday) $105.70 - Employee’s share of taxes (amount I set aside in a tax account) $657.60 - Employer’s actual cost of h

Name: Edna Wilson Business: Wilson Marketing & PR Founded: 2015 After years of helping businesses and organizations with their communications, marketing and PR materials, Edna Wilson was ready to strike out on her own. As a marketing professional, she had plenty of industry experience. What she didn’t have, however, was a clear vision of how to position (and align) her professional skills at Wilson Marketing with her personal interests and passions. Thanks to the time she spent working with two different coaches, Edna found her marketing niche: helping businesses in the organic health, agriculture and equine space. Let’s find out how she pinpointed the markets that suit her best. How did you get established as a freelance marketer? Before I founded Wilson Marketing, I worked for a bunch of other companies in order to get experience. I worked Indian Summer Festival, which is one of the big festivals at SummerFest on the lakefront in Milwaukee. Then I worked for a bunch of other nonp

You wouldn't go to the dentist to get your car fixed, would you? For Jim Turner of Lockjaw Garage, finding the right tools for marketing and accounting are as integral to his business as using the right saw or blowtorch to craft his one-of-a-kind furniture pieces. What's the gear that makes your business tick? What tools could you simply not live without?

I am just getting started... need to set up my 1st client who farms/ranches.. crops and cattle. Does anyone have a easy chart of accounts in a csv file they would be willing to share or know where I can get one? Thanks in Advance! TX JM

 Name: Kari Browne QB Community Member Name: @Karibrowne Former Businesses: LARK Cafe and ELK Coffee Founded: LARK 2013 / ELK 2015 Sold: 2016 When former journalist Kari Browne had her children she knew that the traveling lifestyle of a news producer would be difficult, so she decided to open a kid-friendly cafe in her Brooklyn neighborhood. She built it from the ground up -- wrote the business plan, designed every aspect of the interior, hand-selected all the vendors and employees and managed it herself. This special place, where she was often behind the counter, hosted daily art and music classes for children while providing a relaxed environment where parents could hang out and let their kids roam. Two years later, she bought a second cafe and also styled it into a hip, kid-friendly venue. In 2016 her family followed an opportunity to Sydney, Australia, and Kari sold both of her cafes, an experience she describes as “super emotional.” We spoke with Kari about the process

I am a Quickbooks pro advisor so people who have questions about their quickbooks can email me through the find an adivsor link. Most of the time, this results in clients emailing me about setting up their Quickbooks or an ongoing relationship.  However, I have had some who just have a question on how to record a transaction or like a simple question that would not constitute an ongoing thing. How would you handle this? They aren't my clients. Would you still just answer their question and not charge? Or would you charge like an hour rate? Or perhaps like you have a seperate amount that you charge for these things? I am still trying to figure out the best way and figured I would ask others about what they do :) You guys always seem to have great advice!  Thank you!

 I'm trying to set up Sales tax but when I click taxes on Navigation bar it does not show sales tax center or any option to put in sales tax rate. I can only find add agency, start tax period and filing frequency. What should I do? please see screenshot, I have read and tested all the comments in the community billboards here and NONE of the instructions given in your community help tools have the answer, please help me as this is for school. I NEED this FIXED now, not tomorrow and next week but today.

Hi, does anyone use barcode reader to do inventory in mechanic shope? I want to use it when I do my inventory check and to use it every day to put parts on work order and to put parts in inventory when I receive them from vendors, so I'm wonderinag if all that is possible? 

Hi everyone! This is my first post and I'm just helping my friend set up her small bakery business. She has a pop-up shop at the local farmers' market and I want to ensure I'm categorizing her expenses correctly. Could someone do a quick review and let me know? ingredients for her bakery items: COGS-ingredientspackaging supplies for her bakery items: COGS-suppliespop-up tent for farmers' market: Expense-business expenselaptop computer (under $2500): Expense-business expenserent for booth space at farmers' market: Expense-business expense Thanks!

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Hi Community, I have to say that I am absolutely shocked about the experience I had with Quickbooks Online. With this posting I am not trying to find a solution anymore, I just need to share my unbelieveable experience with the buggy software and QB customer support. Last year in September I set up my LLC and decided to run my bookkeeping on Quickbooks - I used Intuit's Mint for personal reasons before and also did my tax returns with Turbo Tax (Desktop version). Two months into business I had fully set up my Quickbooks online account and recorded all my expenses and invoices. I noticed that QBO had quiet some bugs but I also noticed that with Turbo Tax and Mint before so I was not surprised and it also didn't bother me, nobody is perfect.  In November last year I tried to log myself into QBO like almost every day and although nothing changed to the day before I got an error message saying that no QBO account is associated with this eMail addy but I should not

Get real insights from real small business right here in this great QuickBooks OWN IT. Every day series about people, just like you, who are out there working for themselves. This time...prepare to feel hungry. Meet the baker-owner of Alexandra's Macarons -- and her trusty mobile-business Volkswagen, Gertrude.    How did you discover the passion behind your business?  Alexandra discovered her love of baking at an early age. Her food-centric upbringing made opening up Alexandra’s Macarons seem inevitable. What are the pros and cons of a mobile business? Alexandra’s Macarons is always on the move. Alexandra’s bus, “Gertrude,” acts as a great way to attract customers when she can find the right place to post up and sell. How do you attract new wholesalers and customers? Alexandra’s uniquely textured macarons, paired with her wide variety of flavors, makes sampling the best way to get new customers on board. How do you expand your offerings? Alexandra is

I want to create transport company. What logistics software can I use? Or better will be to develop my own?

In answer to @Sangeethmathew's recent post on social media impact, @jessbru99568, an organic baker in Gary, IN, had this to share:   "We actually found out the advertising power of Facebook today. A food group put up a post today about our products, within a short time it had more than 30 shares and other allergy friendly groups were also posting about our products. We got several new customer email inquiries and lots of orders. Its amazing!"   You can read more about her family-owned bakery Organic Bread of Heaven in this profile by our awesome content chief and interviewer extraordinaire @WillowOlder.    Think your biz might make a great story to share with our community? Shoot me a direct message and tell me about it!

 For those of you who are starting up a new business please give social media its due.  Its truly the most cost effective way of reaching out to a huge segment of prospects.Under listed are the top 6 Social Media Networks.  ====================================================SNo          Name of the Media          No of Users                Cost ====================================================1               Facebook                            2.7 + billion               Free2               YouTube                              1.3 + billion               Free3&nbsp