Budgeting for small business lets you plan your finances, prepare for setbacks, and predict profitability. There isn’t one standard type of budget you can make. You might decide to use a rolling budget instead of a traditional budget. Before you create a rolling budget, you need to understand it. And, weigh the pros and cons […]
Read More The Beauty of a Rolling Budget … and the DrawbacksAccounting Articles
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5 Steps to Get on Track While Tracking Business Expenses and Income
As a small business owner, you are likely familiar with recording and keeping an eye on transactions. However, are you thoroughly monitoring business expenses and income? Learn the steps to take for tracking business expenses and income and the importance of tracking them below.
Read More 5 Steps to Get on Track While Tracking Business Expenses and IncomeMeasure Your Marketing Efforts With the LTV:CAC Ratio
Before you make business decisions or claims about profitability, you should have hard data to back it up. Small business financial ratios quantify your accounting data so you can improve operations, give lenders or investors insight into your business’s profitability, and measure growth. One popular metric businesses put stock into is the LTV:CAC ratio. Your […]
Read More Measure Your Marketing Efforts With the LTV:CAC RatioWhat Is an S Corporation?
Before you can get your small company rolling, you need to decide on a business structure. Your business entity impacts everything from taxes to profits and losses, so it’s essential that you choose a structure that works for your company. One popular small business structure is an S corporation. According to the SBA, 52.1% of […]
Read More What Is an S Corporation?501(c)(4) Social Welfare Organizations: How Much Do You Know?
When you think of nonprofits with tax-exempt status, your mind might go straight to charitable or religious organizations. However, these types of groups aren’t your only options for becoming a tax-exempt nonprofit. If you own a social welfare organization, you can apply for 501(c)(4) status with the IRS.
Read More 501(c)(4) Social Welfare Organizations: How Much Do You Know?What Is Distribution?
When a company makes money, it may decide to return a portion of cash to its shareholders. Depending on the business structure, individuals may receive special payments from a business called distributions. Read on to learn what is distribution, types, and how distributions work.
Read More What Is Distribution?Protect Your Business With a Partnership Agreement
Choosing a business structure is one of the first and most important business decisions you make. The type of entity you choose affects what business taxes you owe, your profits and losses, and the level of control you have in your company.
Read More Protect Your Business With a Partnership AgreementWhat 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?
Read More What Is Crowdfunding, and How Can it Take Your Business to the Next Level?What Is 501(c)(3) Status?
If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status.
Read More What Is 501(c)(3) Status?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 […]
Read More Your Beginner’s Guide to Sales Tax Nexus