Running a small business requires a solid understanding of financial statements, and one key report that every business owner must know is the income statement. But what exactly does a... read more →
If you're running a business, big or small, you may have heard about the Employer Identification Number (EIN). But do you really know why it's crucial for every business to... read more →
Preparing taxes isn’t always a fun thing to do, and this is especially true for startup founders or small business owners who choose to do their own taxes. If they... read more →
Reading time: 5:08 Not all entrepreneurs are numbers people. A startup founder could be effective at doing pitches to get funding from venture capitalists or a construction contractor could be... read more →
Reading time: 5:08The idea of accrual accounting can be intimidating, even for bookkeepers who have years of experience.This may be because accrual accounting requires more knowledge of the overall picture... read more →
Reading Time: 3:36 If you’re a business owner, no doubt you already know that you can take advantage of many of the small business tax deductions available. However, as of... read more →
Reading Time: 5:00 One of the main hot topics today is this new trump tax reform. Whether you’ve been in business for a day or forever, you really need to... read more →
When you first launch your business as a sole owner, it may seem convenient to use your personal bank account for the transactions. If you add a separate bank account... read more →
It is not only important for a business owner to understand the difference between a bookkeeper and an accountant but also to recognize their qualifications. The Bookkeeper Usually, a bookkeeper... read more →
