#TuesdayTip

#TuesdayTips – Gusto’s 1099 Solutions for Compliance

With the rise of digital payment platforms like Cash App and Venmo, businesses are increasingly conducting transactions through these channels. While these platforms offer quick and convenient payments, they also require careful monitoring for 1099 reporting purposes. The IRS now mandates businesses to report payments made through third-party networks, including digital payment platforms, on their […]

#TuesdayTips – Bookkeeping for Small Businesses

In the realm of small business management, mastering bookkeeping is key to financial success. This comprehensive guide explores essential bookkeeping practices tailored for small businesses, offering actionable strategies to simplify and optimize this vital process. Why Bookkeeping is Crucial for Small Businesses Bookkeeping is the backbone of financial management for small businesses, providing insights into […]

#TuesdayTips – 50 Incredible Freebies, Grants, and Accelerators Every Small Business Owner Needs to Know!

In today’s fast-paced business world, small businesses and budding entrepreneurs often find themselves at a crossroads, seeking support to ignite their growth and navigate the challenges of the entrepreneurial journey. This is where the magic happens! We’ve found a list of 50 extraordinary grants, accelerators, and free resources, each curated to empower small businesses. From […]

#TuesdayTips – Understanding BOI Reporting: A Quick Guide

Hey folks! Wondering what BOI (Beneficial Ownership Information) is and how it affects your company? Here’s a breakdown: What is BOI? BOI helps identify individuals owning or controlling a company. Part of the Corporate Transparency Act to combat hidden gains through shell companies. Reporting Deadlines: Companies created before Jan 1, 2024, report by Jan 1, […]

#TuesdayTips – Considering Non-Natural Hair Colors in the Workplace!

Yes, non-natural hair color is not a protected characteristic, but there are some vital things to keep in mind before establishing a policy on this: While employers can set dress codes, it’s essential to have a valid business reason for restrictions. If neon pink hair feels unprofessional but won’t affect your bottom line, consider letting […]

#TuesdayTips: 7 Accounting Pointers for Running Your Small Business

Starting your own business is hard work. Being a business owner is already filled with lots of to-do lists, meetings, and other activities, and the last thing that you probably want to think about is getting your books in order. For this weeks #TuesdayTip, we have compiled a list together of 7 pointers that every […]

#TuesdayTips: Hiring Employees for Your New Small Business in 6 Easy Steps

Hiring employees to work at your fairly-new business can seem intimidating. You might be asking yourself, “Where do I even begin?”. Well, here at SPB, we care about partnering with small businesses and giving them the tools that they need to not only survive, but thrive. We share the same passion that you do– to […]

#TuesdayTips: 3 Ways to Use a Balance Sheet to Accurately Identify Your Company’s Financial Strengths and Weaknesses

As a business owner, staying on top of your books is crucial to the success of your business. Maintaining your books and preparing balance sheets is very important for tax, legal, and regulatory reasons. Using a balance sheet will help you to monitor assets and know the net worth of your company. A balance sheet […]