Structuring your business as a limited liability company (LLC) can have great benefits, but filing small business tax returns can get confusing. Because LLCs take aspects of both corporations and partnerships, there is not a standard LLC form you will use. Learn about the different tax forms for an LLC.
Read More What Are the Federal Tax Forms for an LLC?Kaylee DeWitt
What Are Direct Costs?
When pricing your products, you must consider the cost of making the product, including the direct costs. Find out below what direct costs are, including examples and how to calculate them.
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What Is Operating Income?
When you are tracking your business’s financial health, you will track many indicators. And if you are seeking money from investors and creditors, they will want to see these numbers, too. Operating income is one of the numbers you should calculate.
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Accounting for Startup Costs (Plus How to Handle Taxes)
New businesses typically incur expenses before the business is up and running. You might need to research your market, hire a consultant, travel to potential suppliers, or open a facility. These are startup costs. When you incur startup costs, you must accurately record the corresponding ledger entries in your accounting books. And, you must properly […]
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5 Employee Theft Prevention Tips
Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple.
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What Is Liquidity?
Does your business have enough money to pay off debts? If you aren’t sure, then you need to learn about liquidity.
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What to Do When a Customer Check Bounces
If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do with checks that bounce.
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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.
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What Is Deferred Revenue?
Do customers pay you for your goods or services before you actually deliver them? If so, you need to know about deferred revenue. Learn about deferred revenue and how to record it in your accounting books.
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Put HR in the Hands of Your Employees With Employee Self-service Portal
Part of your job as a small business owner is ensuring your employees have what they need to succeed. Sometimes that means you have to handle employee requests when you’re busy. At other times, employees ask for important paperwork last minute. But, what if you don’t want to handle certain employee requests directly? An employee […]
Read More Put HR in the Hands of Your Employees With Employee Self-service Portal