http://www.bpsvt.com/quickbooks-vermont > ACCOUNTING > CONSULTING > QUICKBOOKS FOR SMALL BUSINESS Wed, 07 Jul 2010 17:29:27 +0000 http://backend.userland.com/rss092 en According to a recent article in the local newspaper (Burlington Free Press) the VT Department of Labor has increased the number of inspectors looking for businesses that do not carry the mandatory workers compensation insurance policy.  Apparently seven Burlington businesses have been caught so far and according to the article, the penalties can be very high and ... http://www.bpsvt.com/quickbooks-vermont/?p=99   First, do you even have one? A comprehensive business plan is a must when you're applying for a loan or venture capital, or if you're going to take on business partners. But it's a good idea to have one even if you're humming along on your own funds. It's much ... http://www.bpsvt.com/quickbooks-vermont/?p=82 When you contact a QuickBooks ProAdvisor you'll want to use your time wisely.  Here are a few tips on how to be prepared before placing that phone call or before scheduling a meeting.     Know what version of the QuickBooks program you are using.   QuickBooks has dozens of different versions and each year ... http://www.bpsvt.com/quickbooks-vermont/?p=67 As many of you have experienced, QuickBooks training or cleanup can be very time consuming.  To help you better manage your time, these tasks can be completed online and over the phone using a remote access tool.  I am currently using one called " GoToAssist Express" which is produced by Citrix, the ... http://www.bpsvt.com/quickbooks-vermont/?p=60   When paying a sub-contractor, it is extremely important that you receive all the information you will need for issuing a 1099-misc form at year-end.  That means you should NOT pay any sub-contractor until you have received the following information: ·         Legal name (This would be their first and last name if they ... http://www.bpsvt.com/quickbooks-vermont/?p=57 The IRS requires that vehicle usage be tracked with a mileage log or other "specific documentation” relating to business miles and vehicle expenses.  If you are audited and you do not have a mileage log the IRS can and will disallow the full vehicle deduction.  There are few acceptable excuses for ... http://www.bpsvt.com/quickbooks-vermont/?p=54 It is widely recognized that micro businesses typically finance their operations with credit cards.  In years past this was not only acceptable, it was also the easiest and quickest way to obtain financing for equipment, inventory, expansion, and for boosting cash-flow. It may still be easy for many small business owners to obtain credit ... http://www.bpsvt.com/quickbooks-vermont/?p=50 Welcome to our Blog site.  We will be using this site to keep you informed about various topics of interest to micro-business owners here in Vermont.  Our topics will range from QuickBooks tips to tax updates to general business issues that small business owners experience every day. We welcome your comments ... http://www.bpsvt.com/quickbooks-vermont/?p=37 Terry has been a wonderful influence on our business from the beginning. In the last two years our business has tripled, and I attribute much of that to Terry's guidance. Thanks Terry! Randy Smith Synchronicity Web Designs http://www.bpsvt.com/quickbooks-vermont/?p=31