Do you have a small business as defined by the Affordable Care Act (ACA)? Do you offer health insurance to your employees? If so, you might be eligible for health insurance tax credits for the coverage you provide your employees. And, you may qualify for write-offs if you’re self-employed. Keep reading to find out if […]Read More Health Insurance Tax Credits for Small Business Owners
As a business owner, you’ve probably made purchases for your company on credit before. And if you make a lot of purchases on credit, tracking how much you owe each vendor can be overwhelming. The solution? An accounts payable aging report.Read More What Can an Accounts Payable Aging Report Do for Your Business?
In many types of service industries, employees can receive tips in addition to their regular wages. If your employees earn tips, you may consider giving tip pooling a try. Keep reading to learn all about tip pooling, including how it works and tip pooling laws you need to follow.Read More Ready to Dive Right Into Tip Pooling? Read This Before You Take the Plunge
Accounting is an essential part of running a business. But, that does not mean you have to be an accountant to understand the basics. Part of the basics is looking at how you pay for your assets—financed with debt or paid for with capital. Use the accounting equation to see the difference. What is the […]Read More The Math Behind the Accounting Equation
Taxes are a big part of running a business, and they can take a toll on your bank account. But sometimes, you can receive an income tax refund for your business. If you do, you need to know how to record a journal entry for income tax refund in your books.Read More It’s Tax Season—Time to Enter a Journal Entry for Income Tax Refund
Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance.Read More 5 Signs It’s Time to Hire an Accountant
Business owners often confuse margin and markup. Both figures help you set prices and measure productivity. But, a margin vs. markup chart shows that the two terms reflect profit differently.Read More Markup vs. Margin Chart: How to Calculate Margin and Markup
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.Read More Ready, Set, Go! Mark Your Calendars With Sales Tax Holiday Dates
As a small business owner, you can do a lot of your bookkeeping with online accounting software. But, some accounting duties are more difficult than recording your transactions. You might need an accountant to help you with tough financial tasks. Do you know how to find an accountant for a small business?Read More How to Find an Accountant for a Small Business
As a business owner, you juggle a number of tasks, including accounting. You’re responsible for creating journal entries after every transaction. But that’s not all. You also need to know how to post journal entries to the general ledger. Learn how here.Read More How in the World Do You Post Journal Entries to the General Ledger?