About Mike Kappel

Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers accounting advice from more than 20 years of experience to small business owners.

Author Archive | Mike Kappel

Business equity measures the value of your company.

What Is Business Equity, And How Does It Represent the Value of Your Small Business?

Many small business owners invest their own money to help fund their startups. According to one study, 77% of small businesses rely on their personal savings for initial funding. Your business equity represents ownership and the value of your business. Read on to learn more about what is business equity, how to calculate it, and […]

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what is market price

What Is Market Price? Pinpointing Where Supply Meets Demand

Knowing the market price for products or services is key to knowing how to get a deal, increase sales, and grow your business. And when it comes to running your company, you likely participate in different markets to provide your goods or services. Depending on your offerings and industry, your business’s market price may vary. […]

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emergency preparedness plan

Crafting an Effective Emergency Preparedness Plan for Your Small Business

You likely take steps to protect your personal belongings from natural disasters at home. But, do you do the same with your business? The last thing you want is to be unprepared during a disaster. Instead of being caught up in a whirlwind when the unexpected occurs, create an emergency preparedness plan for peace of […]

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what is interest

What Is Interest?

As a business owner, you likely borrow money to help fund your startup. And when you need a business loan, lenders typically charge you interest. So, what is interest?

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what is crowdfunding

What Is Crowdfunding, and How Can it Take Your Business to the Next Level?

As a business owner, you are likely familiar with traditional methods of raising capital such as seeking help from business angel investors or venture capitalists. However, business owners also have the opportunity to raise funds via crowdfunding. So, what is crowdfunding?

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sales tax nexus

Your Beginner’s Guide to Sales Tax Nexus

If your business operates in a location that imposes sales tax, you are likely familiar with the concept of sales tax. But, have you heard of sales tax nexus? Mastering sales tax nexus boils down to one question: What is nexus? Read on to learn the basics of sales tax nexus, including state guidelines and […]

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Types of Business Structures

As a small business owner, one of the first decisions you make is deciding between the different types of business structures. But, choosing between business structures can be intimidating and confusing. Before you decide what business structure type to use for your small business, understand your options.

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fair market value

Fair Market Value for Small Businesses

Do you have business assets? If you’re running a small business, you likely have many tangible and intangible assets. And when you sell those assets or buy new ones, you should know their fair market value. You must know the fair market value of your assets to maintain accurate small business accounting books, obtain outside […]

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How to Prepare for Tax Season Now

Learn How to Prepare for Business Tax Season Now

What happens when it’s time to pay your business taxes? Do you scramble to find all the documents and information you need? Are you unsure of what to do with the information you have? You need to get organized before tax season arrives. In fact, you should prep for tax time all year long. Continuous […]

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Bookkeeping Tips for Small Business Charitable Donations

You’ve got your bookkeeping down to a science when it comes to accounting for your regular small business activities. But how about accounting for small business charitable donations? If your small business makes charitable donations, you need to know how to record the donation and whether or not you can deduct the gift. Here are […]

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