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  • What Is Accrual Accounting?

    posted by Mike Kappel
    Newest Article
  • Small business owners should know how to do sales projections for their businesses.

    Sales Projections for Small Business Owners

    posted by Amanda Cameron
    Recent Article
  • What Is Accrual Accounting?

    As a small business owner, choosing an accounting method to record transactions is an important decision. Your recordkeeping method affects many aspects of your business, like taxes. You have several options for setting up an accounting system, including the accrual method. What is accrual basis accounting?

    Sales Projections for Small Business Owners

    As a small business owner, you know it’s rare for things to go according to plan. But, without a sense of direction, you’re steering your business blindly into the future. You need to know where you’re headed in order to make smart decisions. To get an outlook on your business, you can learn how to make sales projections.

    Business Name vs. Trading Name, Do You Know the Difference?

    As a small business owner, are you operating under a business name or trade name? The legalities and strategies behind what you call your company can be confusing. To stay competitive and compliant, find out the difference between trading name and business name features.

    How to Get a Small Business Loan

    Whether you are a new or established small business owner, you might need extra funding at some point. You might be renovating, adding employees to payroll, or upgrading equipment. A business loan can help you pay for large expenses and grow your company. You need to know how to get a small business loan and which financing option is best for you.

    6 Tips for Converting to a Paperless Office

    Is your small business cluttered with paper documents? When you rely on paper to keep track of business finances, you often end up wasting time and resources. For an efficient accounting process, follow our tips to create a paperless office.

    What Is Business Net Worth?

    Sometimes, it’s hard to tell whether your business is operating efficiently, especially when money is constantly coming in and going out. You need to know if your business is making a profit or losing money. One way to gain insight into your financial strength is by reviewing your net worth. What is business net worth?

    What Is an Internal Audit?

    Businesses go through both internal and external audits. As a small business owner, it’s important to know the purpose of an internal audit as well as what to expect during an internal audit procedure. First, what is an internal audit?

    What Is Backup Withholding?

    When you hire an independent contractor to do work for you, you have them fill out Form W-9. On Form W-9, the contractor will give you their taxpayer identification number (TIN), among other identifying information. You then use the information to fill out Form 1099-MISC, which reports the contractor’s earnings to the IRS.

    Typically when you pay an independent contractor, you don’t withhold taxes from the payment. But, in some cases, you might have to implement backup withholding.

    So, what is backup withholding, and when do you need to do it?

    7 Steps for How to Start a Business

    Are you thinking of starting a business? The freedom that comes with being your own boss is exciting. But, before you launch your great idea, you need to get some important factors in order. To learn how to start a business, follow our seven-step business startup checklist.

    How to Form an S Corp

    When you set up your business, you choose from several types of business structures. The structure you operate under affects your tax liabilities, so selecting the right one for your business is crucial. Forming an S Corp is one business entity option. Knowing how to form an S corporation helps you decide how you will organize your business.

    What Is Accrual Accounting?

    As a small business owner, choosing an accounting method to record transactions is an important decision. Your recordkeeping method affects many aspects of your business, like taxes. You have several options for setting up an accounting system, including the accrual method. What is accrual basis accounting?

    Sales Projections for Small Business Owners

    As a small business owner, you know it’s rare for things to go according to plan. But, without a sense of direction, you’re steering your business blindly into the future. You need to know where you’re headed in order to make smart decisions. To get an outlook on your business, you can learn how to make sales projections.

    Business Name vs. Trading Name, Do You Know the Difference?

    As a small business owner, are you operating under a business name or trade name? The legalities and strategies behind what you call your company can be confusing. To stay competitive and compliant, find out the difference between trading name and business name features.

    How to Get a Small Business Loan

    Whether you are a new or established small business owner, you might need extra funding at some point. You might be renovating, adding employees to payroll, or upgrading equipment. A business loan can help you pay for large expenses and grow your company. You need to know how to get a small business loan and which financing option is best for you.

    6 Tips for Converting to a Paperless Office

    Is your small business cluttered with paper documents? When you rely on paper to keep track of business finances, you often end up wasting time and resources. For an efficient accounting process, follow our tips to create a paperless office.

    What Is Business Net Worth?

    Sometimes, it’s hard to tell whether your business is operating efficiently, especially when money is constantly coming in and going out. You need to know if your business is making a profit or losing money. One way to gain insight into your financial strength is by reviewing your net worth. What is business net worth?

    What Is an Internal Audit?

    Businesses go through both internal and external audits. As a small business owner, it’s important to know the purpose of an internal audit as well as what to expect during an internal audit procedure. First, what is an internal audit?

    What Is Backup Withholding?

    When you hire an independent contractor to do work for you, you have them fill out Form W-9. On Form W-9, the contractor will give you their taxpayer identification number (TIN), among other identifying information. You then use the information to fill out Form 1099-MISC, which reports the contractor’s earnings to the IRS.

    Typically when you pay an independent contractor, you don’t withhold taxes from the payment. But, in some cases, you might have to implement backup withholding.

    So, what is backup withholding, and when do you need to do it?

    7 Steps for How to Start a Business

    Are you thinking of starting a business? The freedom that comes with being your own boss is exciting. But, before you launch your great idea, you need to get some important factors in order. To learn how to start a business, follow our seven-step business startup checklist.

    How to Form an S Corp

    When you set up your business, you choose from several types of business structures. The structure you operate under affects your tax liabilities, so selecting the right one for your business is crucial. Forming an S Corp is one business entity option. Knowing how to form an S corporation helps you decide how you will organize your business.