Accounting Blog

Accounting Training, Tips, and News

  • Do you ever think , "Do I need a separate bank account for my business?" Find out here.

    Do You Need a Separate Bank Account for Business?

    posted by Amanda Cameron
    Newest Article
  • purchase order vs. invoice

    Clearing up the Confusion of Purchase Order vs. Invoice

    posted by Maria Tanski
    Recent Article
  • Do You Need a Separate Bank Account for Business?

    Many small business owners use a chunk (or all) of their personal funds to start their dream venture.

    According to one source, 77% percent of small businesses finance their startup with personal funds. That means nearly three out of four business owners potentially have business and personal funds crossing paths.

    If you fall into the majority, it might be in your company’s best interest to have a separate bank account for business.

    You might be wondering, Do I need a separate bank account for my business? Read on to get all the answers to your burning questions about separating funds.

    Clearing up the Confusion of Purchase Order vs. Invoice

    As a business owner, you are responsible for handling many documents to keep your business’s finances on track. And if your company deals with business inventory, you’ll probably find yourself juggling both invoices and purchase orders.

    Some business owners might think purchase orders and invoices are one and the same. Heads up: purchase orders and invoices are different documents.

    If you’re eager to learn about purchase order vs. invoice, read on.

    How to Conduct a Market Analysis the Right Way

    When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge.

    Before diving into a market or switching up a strategy, you need to do thorough research. Otherwise, your business could quickly sink.

    If you want to stay afloat in the business world, you need to know how to conduct a market analysis.

    What’s the Corporate Tax Rate?

    Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you are responsible for paying the corporate tax rate on company earnings. So, what’s the corporate tax rate?

    Glimpse into Your Business’s Financial Future By Creating a Cash Flow Projection

    Your cash flow statement can give you an idea of your business’s current financial health. But, wouldn’t it be nice to see your company’s future cash flow? You don’t need a crystal ball to view your cash flow’s future. Instead, create a cash flow projection. Read on to learn about cash flow projection and how to project cash flow.

    What Is Estimated Tax?

    Employers are responsible for withholding taxes from employee wages and sending them to the correct government agencies. But what about self-employed individuals or people whose income isn’t taxed? What do they do?

    If you’re self-employed or receive untaxed income, you may need to pay estimated taxes each quarter to avoid any penalties or interest. Read on to learn the ins and outs of estimated taxes, including who is responsible for paying estimated taxes, when the tax is due, and how to pay it.

    3 Upselling and Cross-Selling Tips for Small Business Owners

    Your current customers spend an average of 67% more than new customers. Why? Current customers are more familiar with and loyal to your brand. And, you have upselling and cross-selling opportunities when it comes to your current customer base.

    What business owner doesn’t want to bring in more revenue?

    Learn about upselling and cross-selling, the difference between them, and how to effectively implement strategies in your business.

    Your Ultimate Guide to Sales Tax Laws by State

    Forty-five states and Washington D.C. have some type of sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. If your small business falls into the majority, you must know about sales tax laws by state to remain compliant.

    Read on to get the inside scoop about the types of sales tax and sales tax laws by state.

    Mark Your Calendars With Sales Tax Holiday Dates

    For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.

    What Is a Purchase Order, and When Would You Need to Create One?

    As a seller, you prepare invoices requesting payment from customers who make purchases on credit. And as a buyer, you may also need to create some documents, like a purchase order (PO). What is a purchase order?

    Do You Need a Separate Bank Account for Business?

    Many small business owners use a chunk (or all) of their personal funds to start their dream venture.

    According to one source, 77% percent of small businesses finance their startup with personal funds. That means nearly three out of four business owners potentially have business and personal funds crossing paths.

    If you fall into the majority, it might be in your company’s best interest to have a separate bank account for business.

    You might be wondering, Do I need a separate bank account for my business? Read on to get all the answers to your burning questions about separating funds.

    Clearing up the Confusion of Purchase Order vs. Invoice

    As a business owner, you are responsible for handling many documents to keep your business’s finances on track. And if your company deals with business inventory, you’ll probably find yourself juggling both invoices and purchase orders.

    Some business owners might think purchase orders and invoices are one and the same. Heads up: purchase orders and invoices are different documents.

    If you’re eager to learn about purchase order vs. invoice, read on.

    How to Conduct a Market Analysis the Right Way

    When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge.

    Before diving into a market or switching up a strategy, you need to do thorough research. Otherwise, your business could quickly sink.

    If you want to stay afloat in the business world, you need to know how to conduct a market analysis.

    What’s the Corporate Tax Rate?

    Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you are responsible for paying the corporate tax rate on company earnings. So, what’s the corporate tax rate?

    Glimpse into Your Business’s Financial Future By Creating a Cash Flow Projection

    Your cash flow statement can give you an idea of your business’s current financial health. But, wouldn’t it be nice to see your company’s future cash flow? You don’t need a crystal ball to view your cash flow’s future. Instead, create a cash flow projection. Read on to learn about cash flow projection and how to project cash flow.

    What Is Estimated Tax?

    Employers are responsible for withholding taxes from employee wages and sending them to the correct government agencies. But what about self-employed individuals or people whose income isn’t taxed? What do they do?

    If you’re self-employed or receive untaxed income, you may need to pay estimated taxes each quarter to avoid any penalties or interest. Read on to learn the ins and outs of estimated taxes, including who is responsible for paying estimated taxes, when the tax is due, and how to pay it.

    3 Upselling and Cross-Selling Tips for Small Business Owners

    Your current customers spend an average of 67% more than new customers. Why? Current customers are more familiar with and loyal to your brand. And, you have upselling and cross-selling opportunities when it comes to your current customer base.

    What business owner doesn’t want to bring in more revenue?

    Learn about upselling and cross-selling, the difference between them, and how to effectively implement strategies in your business.

    Your Ultimate Guide to Sales Tax Laws by State

    Forty-five states and Washington D.C. have some type of sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. If your small business falls into the majority, you must know about sales tax laws by state to remain compliant.

    Read on to get the inside scoop about the types of sales tax and sales tax laws by state.

    Mark Your Calendars With Sales Tax Holiday Dates

    For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.

    What Is a Purchase Order, and When Would You Need to Create One?

    As a seller, you prepare invoices requesting payment from customers who make purchases on credit. And as a buyer, you may also need to create some documents, like a purchase order (PO). What is a purchase order?

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