October 2020 Newsletter

Amazon and Quickbooks Announces Integration!

You will now have the ability to seamlessly automate purchase reconciliation and categorization when making purchases on Amazon Business.  This integration will help significantly reduce manual data entry as it automatically imports purchase details, and helps you as a business owner categorize and understand your business expenses.

Find Out How to Install and Connect Here


The Difference Between QSEHRA and Small Group Health Insurance

More than 60% of employers say offering health insurance has the ability to not only make happier employees, but increase team productivity. As a small business owner, offering medical, dental, and vision can be done through two possible options: Small Group Health Insurance (SGHI) or Qualified Small Employer Health Reimbursement Arrangement (QSEHRA).

To break it down, if you have the budget and time to invest in your employees, small group health insurance is the way to go.  However, if saving money is essential and a high priority for your business, QSEHRA is the better choice.  To learn more about your options and see a side by side comparison, read the full article below.
 

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Holiday Hours and Reminders


1099s

We will be contacting you in the next few weeks about any W-9’s you are missing as 2020 comes to an end.

The deadline to file 1099’s is January 31st.  All W-9’s are due by January 1st to ensure a timely filing.
 
Here is a link to a fillable W9 to provide to your vendors.  
 

On the Books Recommendations

Books, Podcasts, and More!

October Podcast: The Entrepreneurs

This month’s podcast features one-on-one interviews with entrepreneurs, high-performance individuals, and renowned thought leaders. Topics include, but are not limited to: innovative strategies, system changing approaches, and disruptive technologies. Listen Here.

October Book: The Hard Thing About Hard Things

Join one of Silicon Valley’s most respected and experienced entrepreneurs as he gives you the secrets to building and running a startup.  Read about how to manage the toughest problems you will encounter that business school didn’t prepare you for.  Get this book here.


Upcoming Virtual Events:

Carolina Challenge Pitch Party 2020 – November 5th – 500 students from Carolina, representing 145 teams in over 40 fields of study will compete for UNC’s Entrepreneurship Center awards which accumulate to over $25,000 annually.  

Virtual PAYCLT: How Plaid Enables FinTech Solutions – November 5th – 5:00-6:00pm – Join PayCLT as they welcome Abhi Kumar (purchased VISA for $5.3 billion), who develops API’s for fintech solutions across areas that include personal finance, lending, wealth, payments, banking, and business finance.

 

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