About Amanda Cameron

Author Archive | Amanda Cameron

Close your books at the end of each month to keep your business's finances on track.

Keep Your Business’s Books in Shipshape With a Month-end Closing Procedure and Checklist

As a small business owner, you may find yourself struggling to keep up with your business’s books. As soon as you know it, another month has passed and you’ve fallen behind recording transactions. Sure, closing your books can be stressful and time-consuming. But if you have a monthly closing process and checklist in place, you’ll […]

Continue Reading
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?

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 […]

Continue Reading
Find out the sales tax holiday rules for your 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.

Continue Reading
Use financial ratios to keep your basic accounting forms on track.

Basic Accounting Forms for Small Business That You Should Know

As a small business owner, you have many accounting responsibilities, like tracking your business transactions, income, and expenses. And on top of juggling these tasks, you must also understand which basic accounting forms are relevant to your small business.

Continue Reading
You need to know how long to keep business receipts for your small business.

How Long to Keep Business Receipts

If you find yourself tossing receipts left and right, you may want to think again. As a small business owner, keeping receipts is essential for your financial records. And not being able to locate a receipt can be problematic for your business. You need to know how long to keep business receipts to avoid complications […]

Continue Reading

Does Your Organization Qualify for Tax-exempt Status?

If you run a nonprofit organization, you work hard to give back to others. The government offers the opportunity for organizations like yours to gain tax exemption. However, applying for tax-exempt status can be a long and complicated process. Before starting the tax-exempt status application, find out what tax exemption means for your organization, determine […]

Continue Reading

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 […]

Continue Reading
As a small business owner, you need to know how to file a small business tax return.

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.

Continue Reading
What is a corporation? A type of business structure.

What Is a Corporation?

One of your first decisions as a small business owner is choosing between business structures. Your structure dictates many vital aspects of your company, including liability. To protect your personal assets from business liabilities, you may consider structuring as a corporation. According to the Small Business Administration, 18.5% of small employers structure as corporations. What […]

Continue Reading
As a small business owner, you need to know how to price a product to bring in higher sales.

How to Price a Product

Product pricing can make or break your small business. If you set prices higher than what customers are willing to spend, you lose sales. But if you set prices too low, you don’t earn at your highest potential. Price points need to meet somewhere in the middle to generate the most revenue. Do you know […]

Continue Reading