In 1994 Microsoft co-founder Bill Gates said, “retail banks are dinosaurs, they can be bypassed,” in a Newsweek interview. Over two decades have passed since he made that statement, but the Internet has helped change the banking landscape remarkably. Consumers can now conduct a wide variety of bank-related transactions from the comfort of their computers, tablets and mobile devices. These include making deposits, transferring funds, paying bills and managing stock portfolios. The Internet has also transformed banking for small business owners, particularly when it comes time to apply for business loans and other financing products. Read more...

When Apple introduced Apple Pay in October 2014, the company also unleashed a storm of advertising promoting its new virtual wallet to consumers. So while new fans of Apple Pay gleefully whipped out their iPhones to buy things instead of pulling out the plastic, seems an important link in the commercial chain was all but forgotten. Read more...

Various ingredients are essential to baking a delectable cake, just as a precise compilation of income and expenses are intrinsic to creating an accurate tax return for your small business.  Read more...

It seems like tax time is fraught with last minute scrambling to gather business records for those who claim business deductions.  The vision of sorting through receipts “mining” for deductions makes procrastinators out of all of us.  Proper deduction tracking during the year is not as difficult as you might think.  Avoiding these three common errors in expense tracking will help you prepare better and have less tax time stress. Read more...