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Accounting Blog

Accounting Training, Tips, and News

  • Find out if you qualify for the small business health insurance tax credit.

    The Health Insurance Tax Credit for Small Business Owners

    posted by Amanda Cameron
    Newest Article
  • You need to know the difference between origin vs destination states before you start collecting sales tax.

    Origin vs. Destination Sales Tax

    posted by Amanda Cameron
    Recent Article
  • The Health Insurance Tax Credit for Small Business Owners

    If you offer your employees health coverage through the Affordable Care Act, you might have health care tax credit eligibility. You could also be eligible for write-offs if you’re a business owner who bought insurance through the ACA’s program. You can save money on your tax return by claiming a health insurance tax credit.

    Origin vs. Destination Sales Tax

    If you’re like many small business owners, you need to collect sales tax on some of your offerings. Your sales tax responsibilities depend on your location. To stay compliant, understand which sales tax laws apply to your business. And, you need to know the difference between origin vs. destination sales tax states.

    What Is a Financial Statement?

    You might think that financial statements are only for big businesses or corporations. But, your small business can benefit from creating financial statements from your small business bookkeeping information. What is a financial statement?

    What Is the Bottom Line in Business?

    Sometimes, when you talk to someone, they take a while getting to the point. You might tap your foot impatiently until you finally blurt out, “Well, what’s the bottom line?” The bottom line in business is just like the bottom line of a conversation.

    You want to know if your business is profiting, but you have all sorts of expenses to deal with first. The bottom line is like a conclusion. It will help you determine what to do next.

    What Is Negative Cash Flow?

    As a small business owner, you need to balance income with your expenses. When you track patterns in your spending and earnings, you are looking at your business’s cash flow. Sometimes, your cash flow is negative. What is negative cash flow?

    Outstanding Deposit: the Basics for Small Business

    To keep your small business’s finances on track, reconcile your books and bank account statement. Sometimes, transactions are only recorded in one financial record when you reconcile the balances. If your books and bank account balances don’t match, you might have an outstanding deposit.

    What Is the Break-even Point?

    You want to make a profit when you own a small business. When you’re starting out, you might face losses for the first few years. Reaching the break-even point is a reason to celebrate. What is the break-even point?

    6 Tips on How to Finance a Small Business

    When you find something you’re passionate about, you want to see it through. That’s why knowing how to finance a small business is important. If you want to carry out your business idea, you will need money.

    Being strapped for cash and stressing about carrying out your business concept is the last thing you want. You have a few small business funding options when starting out. Learn how to finance a small business with these six tips.

    Accounting Software | Year in Review 2016 With Patriot Software

    Owning a small business doesn’t mean you need to be an expert in accounting. But, you need to have basic accounting knowledge to ensure you are compliant with the IRS and able to check the financial health of your business.

    Patriot Software’s accounting blog is here to help. We try to answer any and all questions you might have about accounting and your small business responsibilities. Here are the top 10 most-read accounting articles in 2016:

    Exit Strategies for Small Business: What You Need to Know

    Your excitement for starting your business or the success of your current one might make you think you will be an entrepreneur forever. But, life gets in the way of plans, especially as the market changes. Before starting your small business, you need an exit strategy. Exit strategies for small business help make sure you and your business are protected.

    When you create a business plan, include your small business exit strategy. If you have a business plan and exit strategy, you should update it as you grow your business and as the market changes.

    The Health Insurance Tax Credit for Small Business Owners

    If you offer your employees health coverage through the Affordable Care Act, you might have health care tax credit eligibility. You could also be eligible for write-offs if you’re a business owner who bought insurance through the ACA’s program. You can save money on your tax return by claiming a health insurance tax credit.

    Origin vs. Destination Sales Tax

    If you’re like many small business owners, you need to collect sales tax on some of your offerings. Your sales tax responsibilities depend on your location. To stay compliant, understand which sales tax laws apply to your business. And, you need to know the difference between origin vs. destination sales tax states.

    What Is a Financial Statement?

    You might think that financial statements are only for big businesses or corporations. But, your small business can benefit from creating financial statements from your small business bookkeeping information. What is a financial statement?

    What Is the Bottom Line in Business?

    Sometimes, when you talk to someone, they take a while getting to the point. You might tap your foot impatiently until you finally blurt out, “Well, what’s the bottom line?” The bottom line in business is just like the bottom line of a conversation.

    You want to know if your business is profiting, but you have all sorts of expenses to deal with first. The bottom line is like a conclusion. It will help you determine what to do next.

    What Is Negative Cash Flow?

    As a small business owner, you need to balance income with your expenses. When you track patterns in your spending and earnings, you are looking at your business’s cash flow. Sometimes, your cash flow is negative. What is negative cash flow?

    Outstanding Deposit: the Basics for Small Business

    To keep your small business’s finances on track, reconcile your books and bank account statement. Sometimes, transactions are only recorded in one financial record when you reconcile the balances. If your books and bank account balances don’t match, you might have an outstanding deposit.

    What Is the Break-even Point?

    You want to make a profit when you own a small business. When you’re starting out, you might face losses for the first few years. Reaching the break-even point is a reason to celebrate. What is the break-even point?

    6 Tips on How to Finance a Small Business

    When you find something you’re passionate about, you want to see it through. That’s why knowing how to finance a small business is important. If you want to carry out your business idea, you will need money.

    Being strapped for cash and stressing about carrying out your business concept is the last thing you want. You have a few small business funding options when starting out. Learn how to finance a small business with these six tips.

    Accounting Software | Year in Review 2016 With Patriot Software

    Owning a small business doesn’t mean you need to be an expert in accounting. But, you need to have basic accounting knowledge to ensure you are compliant with the IRS and able to check the financial health of your business.

    Patriot Software’s accounting blog is here to help. We try to answer any and all questions you might have about accounting and your small business responsibilities. Here are the top 10 most-read accounting articles in 2016:

    Exit Strategies for Small Business: What You Need to Know

    Your excitement for starting your business or the success of your current one might make you think you will be an entrepreneur forever. But, life gets in the way of plans, especially as the market changes. Before starting your small business, you need an exit strategy. Exit strategies for small business help make sure you and your business are protected.

    When you create a business plan, include your small business exit strategy. If you have a business plan and exit strategy, you should update it as you grow your business and as the market changes.