Accounting Blog

Accounting Training, Tips, and News

  • 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?

    posted by Amanda Cameron
    Newest Article
  • purchase order vs. invoice

    Clearing up the Confusion of Purchase Order vs. Invoice

    posted by Maria Tanski
    Recent Article
  • What Is a Risk-adjusted Return?

    Investors compare many risk factors when looking at whether a business is worth investing in. One of the financial aspects investors might look at is your business’s risk-adjusted return. So, what is a risk-adjusted return?

    How to Avoid Independent Contractor Misclassification and Protect Yourself From Penalties

    An estimated 3.4 million workers deal with independent contractor misclassification.

    When you bring someone on board, determine whether the worker is an independent contractor or employee. It’s no secret that the IRS has strict policies in place to crack down on employers who misclassify contractors. So, how do you avoid misclassifying independent contractors?

    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.

    Get the Lowdown on Different Types of Equity for Your Small Business

    There are many different accounts you can use to record equity in your business accounting books. Before you can begin tracking equity, you must learn about the different types of equity that can apply to your company.

    Understanding an Employee Stock Ownership Plan, And How It Can Benefit Your Business

    As a business owner, you might offer a variety of benefits to your employees, including health insurance and retirement plans. One option you can offer employees is an employee stock ownership plan (ESOP).

    Along with other benefits, ESOPs are growing in popularity for small businesses. According to the National Center for Employee Ownership (NCEO), as of 2018, there are approximately 6,500 plans covering 14 million participants.

    So, what is ESOP?

    Business Tax Credit vs. Tax Deduction: The Distinction That Makes a Difference

    Reducing your tax liability can be a huge relief to your small business. Individual taxpayers and business owners alike have the option to lower their tax bill through business tax deductions and credits. What’s the difference between business tax credit vs. tax deduction?

    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.

    The initial funds you or others invest in your company help lay the foundation for your business’s equity. 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 the importance of equity in a business.

    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. So, what is market price?

    Understanding the Disabled Access Credit

    As a small business owner, it’s your responsibility to make your company more accommodating for employees, customers, and other individuals with disabilities. And, did you know that qualifying small businesses can claim a tax credit for doing so? Learn about the disabled access credit to find out if you’re eligible.

    9 Business Formulas Math Haters Can’t Ignore

    To keep your business in tip-top shape, you may need to do some things you dislike, including math. No, you don’t need to memorize a billion formulas or take a calculus class. But, you do need to familiarize yourself with essential business formulas.   

    What Is a Risk-adjusted Return?

    Investors compare many risk factors when looking at whether a business is worth investing in. One of the financial aspects investors might look at is your business’s risk-adjusted return. So, what is a risk-adjusted return?

    How to Avoid Independent Contractor Misclassification and Protect Yourself From Penalties

    An estimated 3.4 million workers deal with independent contractor misclassification.

    When you bring someone on board, determine whether the worker is an independent contractor or employee. It’s no secret that the IRS has strict policies in place to crack down on employers who misclassify contractors. So, how do you avoid misclassifying independent contractors?

    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.

    Get the Lowdown on Different Types of Equity for Your Small Business

    There are many different accounts you can use to record equity in your business accounting books. Before you can begin tracking equity, you must learn about the different types of equity that can apply to your company.

    Understanding an Employee Stock Ownership Plan, And How It Can Benefit Your Business

    As a business owner, you might offer a variety of benefits to your employees, including health insurance and retirement plans. One option you can offer employees is an employee stock ownership plan (ESOP).

    Along with other benefits, ESOPs are growing in popularity for small businesses. According to the National Center for Employee Ownership (NCEO), as of 2018, there are approximately 6,500 plans covering 14 million participants.

    So, what is ESOP?

    Business Tax Credit vs. Tax Deduction: The Distinction That Makes a Difference

    Reducing your tax liability can be a huge relief to your small business. Individual taxpayers and business owners alike have the option to lower their tax bill through business tax deductions and credits. What’s the difference between business tax credit vs. tax deduction?

    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.

    The initial funds you or others invest in your company help lay the foundation for your business’s equity. 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 the importance of equity in a business.

    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. So, what is market price?

    Understanding the Disabled Access Credit

    As a small business owner, it’s your responsibility to make your company more accommodating for employees, customers, and other individuals with disabilities. And, did you know that qualifying small businesses can claim a tax credit for doing so? Learn about the disabled access credit to find out if you’re eligible.

    9 Business Formulas Math Haters Can’t Ignore

    To keep your business in tip-top shape, you may need to do some things you dislike, including math. No, you don’t need to memorize a billion formulas or take a calculus class. But, you do need to familiarize yourself with essential business formulas.   

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