Archive of: Business Smarts

  • ACH & Quickbooks Online

    Bookkeeping, Business Management, Payroll, Business Smarts

    QuickBooks now allows business owners to process bank transfers (ACH transactions) in lieu of credit card payments. ACH payments are becoming increasingly popular because credit card fees can add up quickly. ACH, however, processes at a much lower fee of about 50 cents per transaction.

  • QuickBooks Online - Is it really all that?

    Bookkeeping, Business Management, Taxes, Payroll, Business Smarts

    Blueback Accounting loves Quickbooks Online (QBO). In fact, it’s the platform we are building our business around. There are a lot of reasons we feel it is the best accounting software out there, but I wanted to share the top 5.

  • Year End Tax Planning

    Business Management, Taxes, Business Smarts

    Often times, as tax practitioners, we file a tax return in March or April and the client owes some money. Maybe a little more money than they had in mind. This is a situation no one wants to be in – including the tax preparer.

  • Continuing Education

    Business Smarts

    As accountants, we must participate in 80 hours of continuing education every two years in order to maintain an active license in good standing. That’s a lot of learning on technical topics to keep current in our profession.

    But what about other learning? What types of learning do you deliberately undertake throughout the year to grow as a person and as a business person?

  • What's Going On At Blueback?

    Business Smarts

    August has been a great month! We’ve moved, we supported a local non-profit, and we were Runner-Up in a Firm of the Future contest!

  • What a Car Ride Taught me About my Partner

    Business Smarts

    The Small Business Association defines a partnership as “a single business where two or more people share ownership.” Statistics reveal the failure rate for new businesses is alarmingly high, but that partnerships (rather than single-owner businesses) have a likelier chance at success. Even with the better odds, having partners can have drawbacks.

  • What is my Value?

    Business Smarts

    I often get asked to help businesses analyze the cost of their products or services. Most of these inquiries end as quickly as they start. I always ask why the business owner wants to know this information. Often, it is because they are trying to price their products. Knowing the true cost of a product can be helpful in plenty of situations, but it only creates an artificial ceiling for your pricing. Cost is not the main concern; value is.

  • Jay Holmes, CPA, Appointed to Intuit Accountant and Advisor Customer Council

    Business Smarts
  • Don’t let Your Business get Stuck in the Stalling Phase

    Business Smarts

    The lifecycle of a business generally has three marked phases: the introductory phase, the growth phase, and then (after reaching the peak of growth), a phase of decline. Over the years, I have seen way too many businesses get stuck on the cusp between the introductory phase and the growth phase – a place I call “the stalling phase”.