Erica Seppala

In this post, we’ll review three different types of business phone systems: key phone systems, private branch exchanges, and Voice over Internet Protocol. We’ll explain what they are, what businesses they’re best for, and help you get started on the path to finding your best phone system.

Signing up for a business phone number is quick and easy, and if you stick with a basic number, it’s affordable, too. If you’re ready to stop using your personal number, keep reading to learn more about how to sign up for a business phone number.

Many VoIP providers offer plenty of information on their websites, so this is a great place to start. Don’t forget to use contact tools like live chat and email to ask specific questions about the service before signing up. You want to make sure you’re fully informed before signing a contract.

If you’re considering Voice over Internet Protocol (VoIP) phone service for your business, you’re not alone. More business owners are using VoIP because of its higher call quality, reliability, abundant features, and affordable pricing.

Business phone systems are critical for many businesses, allowing employees to communicate internally and connect with customers. In the past, business phone systems have been complicated and expensive, requiring professional installation and maintenance and bulky equipment.

A one-line setup with a basic desk setup requires little upfront investment and can have a low monthly fee. A more extensive setup with numerous advanced features for multiple users can easily run your business thousands of dollars annually.

AdvancePoint Capital offers everything from SBA loans to merchant cash advances. Find out if it’s the right loan marketplace for your business.

Paychex is most known for its payroll and HR services but also offers tax services, including its award-winning Paychex ERTC Service. Through this service, Paychex helps eligible small business owners retroactively claim the employee retention tax credit (ERTC). More than 76,000 Paychex customers have already claimed ERTC.

If you are required to file a tax return, you must report all income. Even if you didn’t receive a Form 1099-K in the past, you should have reported the taxable income you received through Venmo, PayPal, and other cash app transactions on your tax return. The new rules under the American Rescue Plan simply make sure that this income is reported. For tax year 2024, if you receive over $600 in income through these sources, you will receive a Form 1099-K and a duplicate form will also be sent to the IRS.

If you are self-employed, you are still responsible for paying taxes. However, your taxes won’t be automatically deducted every time a client pays you.
Instead, you will be required to file additional forms with your annual tax return and pay any taxes owed. In some cases, you may be required to estimate your tax liability and pay taxes every quarter.