Let’s take a look at what Bitcoin is, how you can accept it, and whether you should consider taking it at your business. What is Bitcoin? Bitcoin is a cryptocurrency. The term sounds cloak-and-daggerish, but it refers to a digital currency designed to exchange information via encryption techniques. There is no physical coin in a Bitcoin. ...

Maybe it doesn’t even feel like a choice. You need money to make money; any aspiring small business owner knows this to be true. But who is going to give you a loan with less than stellar credit or no collateral? And, who has time to go through a loan approval process? Click, click, click and that cash advance could be yours. Okay, we understand...

Many processors now offer cash advances, and popular platform Square is making the process easier than ever by including information on their cash advance program, Square Capital, right in an eligible business’s processing dashboard. But are cash advances worth the costs? Primarily because of hefty fees, it may be worth it to look for funding fr...

There are many processors who are able to offer integration or data export for QuickBooks, eliminating manual transaction entry. Types of QuickBooks Solutions Firstly, it’s important to understand which QuickBooks programs or systems you want to integrate. Intuit offers several QuickBooks solutions: accounting software, payment processing, ...

What is electronic invoicing? Electronic invoicing, also known as e-invoicing, is the process of sending a customer a bill for goods or services by email or through your website. Electronic invoices usually also include the option for the customer to pay their bill electronically. Less commonly, it can refer to sending a paper invoice that req...

Information provided in this article is for educational purposes only and does not constitute tax advice. For tax advice for your business, consult a tax professional. Paying Fees on Sales Tax When you process a credit card transaction, your customer's credit card is charged for the total amount of the sale, including sales tax. Transacti...

This decision overturns a 1992 ruling in Quill Corp. v. North Dakota in which the Supreme Court ruled that a business must have a physical presence in a state for that state to require it to collect sales taxes. That means that any online business did not have to pay sales tax in states where it did not have nexus. However, the topic of online s...

If you have a merchant account, this information applies to you. Make sure your processor has your correct TIN and tax filing name. Note: The information herein does not replace the advice of a qualified tax professional. Talk to your accountant about the impact of 6050w and your responsibilities under tax law. Section 6050w Overview Uncle...