Accounting Blog

Accounting Training, Tips, and News

  • business tax return due date

    What Is Your Business Tax Return Due Date?

    posted by Maria Tanski
    Recent Article
  • How to Charge Customers a Late Payment Fee and Get Your Cash Flow Back on Track

    When you make a sale on store credit, there is never a guarantee that the customer will pay you on time. In fact, one in three Americans is late paying their debts. Instead of banking on timely customer payments, plan for the worst. And, consider charging tardy customers a late payment fee to reclaim your losses.

    If customer payments are late, you might not have enough money to pay yourself. According to one survey, 79% of small business owners cut their pay when customers don’t pay.

    Sometimes when a customer won’t pay, you don’t have enough money to cover your debts, which could result in late payment charges for your business. Implementing a late payment policy can help you crawl out of the cycle by discouraging late payments and giving you an additional cash flow cushion.

    What Is Your Business Tax Return Due Date?

    As a busy entrepreneur, you don’t always have the time to think about your business tax return due date. It can be easy to miss your business tax return deadline with so much on your plate. You may be asking yourself, When are business taxes due? Learn more about your business tax due date and deadlines below.

    Keep Your Customer Acquisition Cost in Check to Maximize Earnings

    Hooking new customers is an expensive pain point for many businesses. Your new customer acquisition cost (CAC) can be anywhere from five – 25 times as expensive as hanging onto your current buyers.

    How much are you dishing out on marketing to potential customers? Is all that spending paying off?

    To measure your efforts, you need to answer what is CAC, compare your rate to other businesses, know how to calculate customer acquisition cost, and reduce your rate if necessary.

    How to Record a Cost of Goods Sold Journal Entry

    As a small business owner, you may know the definition of cost of goods sold (COGS). But do you know how to record a cost of goods sold journal entry in your books? Learn more about COGS accounting, including the steps on how to record COGS journal entries, below.

    Accounting Terms You Should Know

    As a small business owner, the idea of learning accounting lingo can be intimidating. You may not know many terms used in accounting. To better understand your business’s finances, you may want to review a few basic accounting terms. To help you get started, below are explanations of common accounting terms.

    Understanding Debits and Credits

    As a small business owner, you may be struggling with the concept of what is debit (DR) and credit (CR). But, learning the basics of debit and credit is essential for keeping accurate records for your small business.

    To have a better understanding of debits and credits, continue reading for more information and examples of each.

    How to Record a Vacation Accrual Journal Entry

    Your hardworking employees need a vacation every now and then. Many employers provide vacation time to employees, but employees might not use their earned vacation right away. When employees have accrued vacation time, you must create a vacation accrual journal entry. Read on to understand the basics of vacation accrual and how to calculate and record accrued vacation in your books.

    9 Money Management Tips to Keep Your Small Business Afloat

    No business owner likes being strapped for cash, but mismanaging cash flow happens. Nearly half (42%) of small business owners report that handling cash flow is challenging. If you’re struggling to control your small business funds, check out the money management tips in this article.

    Filing a Small Business Tax Return 101

    Many taxpayers dread filing taxes. What if I make a mistake? Will my tax return lead to an IRS audit? If you are new to entrepreneurship, you might be worried about filing small business taxes for the first time. Read on to learn how to prepare for and file your small business tax return.

    Should You Grow Your Business?

    If you are a small business owner, you may be asking yourself, Is it time to grow my business? Before you race off to grow your business, you need to make sure that your company is ready for expansion.

    Continue reading to see if it is time for your small business to grow. And, check out the steps you can take if it is time for your business to expand.

    How to Charge Customers a Late Payment Fee and Get Your Cash Flow Back on Track

    When you make a sale on store credit, there is never a guarantee that the customer will pay you on time. In fact, one in three Americans is late paying their debts. Instead of banking on timely customer payments, plan for the worst. And, consider charging tardy customers a late payment fee to reclaim your losses.

    If customer payments are late, you might not have enough money to pay yourself. According to one survey, 79% of small business owners cut their pay when customers don’t pay.

    Sometimes when a customer won’t pay, you don’t have enough money to cover your debts, which could result in late payment charges for your business. Implementing a late payment policy can help you crawl out of the cycle by discouraging late payments and giving you an additional cash flow cushion.

    What Is Your Business Tax Return Due Date?

    As a busy entrepreneur, you don’t always have the time to think about your business tax return due date. It can be easy to miss your business tax return deadline with so much on your plate. You may be asking yourself, When are business taxes due? Learn more about your business tax due date and deadlines below.

    Keep Your Customer Acquisition Cost in Check to Maximize Earnings

    Hooking new customers is an expensive pain point for many businesses. Your new customer acquisition cost (CAC) can be anywhere from five – 25 times as expensive as hanging onto your current buyers.

    How much are you dishing out on marketing to potential customers? Is all that spending paying off?

    To measure your efforts, you need to answer what is CAC, compare your rate to other businesses, know how to calculate customer acquisition cost, and reduce your rate if necessary.

    How to Record a Cost of Goods Sold Journal Entry

    As a small business owner, you may know the definition of cost of goods sold (COGS). But do you know how to record a cost of goods sold journal entry in your books? Learn more about COGS accounting, including the steps on how to record COGS journal entries, below.

    Accounting Terms You Should Know

    As a small business owner, the idea of learning accounting lingo can be intimidating. You may not know many terms used in accounting. To better understand your business’s finances, you may want to review a few basic accounting terms. To help you get started, below are explanations of common accounting terms.

    Understanding Debits and Credits

    As a small business owner, you may be struggling with the concept of what is debit (DR) and credit (CR). But, learning the basics of debit and credit is essential for keeping accurate records for your small business.

    To have a better understanding of debits and credits, continue reading for more information and examples of each.

    How to Record a Vacation Accrual Journal Entry

    Your hardworking employees need a vacation every now and then. Many employers provide vacation time to employees, but employees might not use their earned vacation right away. When employees have accrued vacation time, you must create a vacation accrual journal entry. Read on to understand the basics of vacation accrual and how to calculate and record accrued vacation in your books.

    9 Money Management Tips to Keep Your Small Business Afloat

    No business owner likes being strapped for cash, but mismanaging cash flow happens. Nearly half (42%) of small business owners report that handling cash flow is challenging. If you’re struggling to control your small business funds, check out the money management tips in this article.

    Filing a Small Business Tax Return 101

    Many taxpayers dread filing taxes. What if I make a mistake? Will my tax return lead to an IRS audit? If you are new to entrepreneurship, you might be worried about filing small business taxes for the first time. Read on to learn how to prepare for and file your small business tax return.

    Should You Grow Your Business?

    If you are a small business owner, you may be asking yourself, Is it time to grow my business? Before you race off to grow your business, you need to make sure that your company is ready for expansion.

    Continue reading to see if it is time for your small business to grow. And, check out the steps you can take if it is time for your business to expand.