The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Video · 2 min read ·
QBO to Cease Using Tags – Use Custom Fields Instead
Are you a QBO user? Do you apply tags to transactions? Today, I have an important update to share regarding a change that will affect how you use QuickBooks Online. Effective March 8, 2025, Intuit will no longer suppo…
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Video · 3 min read ·
Bookkeeping Tips for Small Business Owners
It’s that time of year when we start to get a lot of questions about bookkeeping and how to prepare the records for the CPA. Keeping track of bookkeeping tasks can be challenging for small business owners. Implementin…
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Video · 3 min read ·
Four Tips for Effective Networking
We’ve all heard how important networking is, whether as entrepreneurs or employed by others. You may think it’s time consuming and not worth the effort, but networking is a powerful tool for building relationships, dr…
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Video · 3 min read ·
8 Ways Your Business Can Run by Itself
One of the biggest challenges you may experience is building a company that operates smoothly, even in your absence. The ultimate goal is to create a company that can function with minimal input, allowing you the free…
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News · 3 min read ·
Step by Step Guide to Creating a Cash Flow Forecast for Your Small Business
Managing your business's cash flow is one of the most crucial aspects of financial planning, but it can feel overwhelming without the right approach. In the last video, I explained how a cash flow forecast provides cl…
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Video · 2 min read ·
Mastering Cash Flow Management: Key Strategies for Business Success and Financial Stability
Effective cash flow management is crucial, ensuring a steady flow of funds to meet expenses, service obligations, and capitalize on growth opportunities. It involves analyzing, monitoring, and optimizing the inflow an…
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Video · 2 min read ·
IRS Increases Standard Mileage Rate for 2025
Starting January 1, 2025, the IRS will implement a new standard mileage rate for business-related car use. This change is in response to rising vehicle operation costs and is intended to compensate for business travel…
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Video · 2 min read ·
Navigating the 2025 Tax Terrain Mastering Transfer Pricing, Global Tax Changes, and IRS Scrutiny
As a business owner, staying ahead of the ever-changing tax landscape is crucial for a successful 2025 tax year. The IRS is stepping up enforcement, particularly in transfer pricing for multinational enterprises (MNEs…
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Video · 4 min read ·
12 Questions to ask yourself before starting a business in the New Year
As the new year approaches, many dream of starting a business. The idea of entrepreneurship is exciting, but it comes with challenges that require careful thought and preparation. If you are thinking of becoming an en…
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Video · 2 min read ·
Department of Labor’s Tip Credit Rule Overturned: Nationwide Impact for Employers
A significant ruling has shaken up the landscape for hospitality employers across the U.S. In Restaurant Law Center v. U.S. Department of Labor . The U.S. Court of Appeals for the Fifth Circuit invalidated a Departmen…
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Video · 2 min read ·
Contractor Portal Migration: Moving from QuickBooks Self-Employed to QuickBooks Money
Are you a self-employed freelance worker who received a 1099 through the Quickbooks contractor portal? This month, the Contractor Portal experience migrated from QuickBooks Self-Employed (QBSE) to QuickBooks Money. Th…
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Video · 2 min read ·
SECURE 2.0 Act: Impacts on W-2 Reporting
The IRS reminds businesses that changes from the SECURE 2.0 Act will affect how Forms W-2 (including W-2AS, W-2GU, and W-2VI) are completed. These changes reflect new provisions related to employer retirement plans, w…
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