QuickBooks remains a premier choice for businesses who need to manage their finances. At the heart of this ecosystem is the QuickBooks ProAdvisor, a professional epitomizing the best of accounting and software mastery. Yet, as the demands of the business world evolve and the meaning of...

An employee performs work for you under your direct or indirect supervision, during hours that you specify and conditions you control. You also withhold payroll taxes from the wages you pay him or her. As an employer, you pay certain taxes that are an expense to you on the employee’s...

Starting a new business venture is an exhilarating journey filled with possibilities and dreams of success. However, amidst the excitement, many entrepreneurs tend to overlook the crucial aspect of accounting and bookkeeping. While these tasks may seem mundane or intimidating, they play a vital...

To determine the financial health of your small business, it's important to take a proactive approach in order to identify issues before they become significant problems and to identify areas of profit. Relying solely on your bank account overlooks the most powerful financial tools at your...

As a business owner, it's important to stay on top of your financial records and ensure that your bookkeeping is accurate and up to date. While you may be tempted to handle this task yourself, there are several compelling reasons why you should consider hiring an accountant to handle your...

Effective January 1, 2024, Minnesota will enforce a new earned sick and safe time law, requiring employers to provide paid leave to employees working within the state. This law replaces the current sick and safe leave law, which remains in effect until December 31, 2023. The introduction of this...

Tax planning is a crucial aspect of personal and business financial management. It involves utilizing legal strategies and tools to minimize tax liabilities and optimize financial resources. Effective tax planning allows individuals and businesses to make informed decisions that align with their...

When you send sales receipt and/or receive payment transactions to Undeposited Funds, they sit in this account until you create a deposit transaction. To create a deposit transaction, from +New select Bank deposit.

When creating a deposit, be certain you select the correct bank...

Under the Internal Revenue Code (IRC), taxpayers are obligated to maintain accurate books and records that establish their income and expenses. Proper bookkeeping is a fundamental requirement for individuals and businesses alike, as it ensures compliance with tax regulations and facilitates the...

One crucial aspect of running a successful small business is establishing a separate business banking account. Having a dedicated account for your business finances not only simplifies your accounting processes but also enhances your credibility and professionalism. In this guide, we will walk...

Here are some guidelines for when it may be helpful to seek advice from a small business accountant, whether or not you already have one for your small business. Getting help before making a business decision, no matter how small, can lead to savings on taxes, costs, and opportunities for profit....

Are you a client that's new to Liscio? This video will walk you through the basics of what you need to know!