If you want to buy a car or house, open a bank account, or get a job, you need a Social Security number. An Employer Identification Number (EIN) is like that, but for your business. Many businesses need an EIN to operate. And if your business is one of them, you must know how to […]
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Author:
Michele Bossart
COBRA Health Insurance: Do You Need to Offer It?
August 19, 2026As your business grows, so do your responsibilities as a business owner. Once you have 20 full-time equivalent employees and offer health insurance, you need to know about COBRA. What is COBRA? Do you have to offer it? Read on to get answers to these questions and more.
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Do You Need to File Form 940? If So, Here’s How
August 19, 2026Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes.
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A Guide to Start Buying Wholesale for Small Business
August 19, 2026You know that spending less on business expenses like supplies and inventory can help you maximize your business’s profits. You can’t just eliminate those expenses; otherwise, you wouldn’t have anything to sell. But, you can possibly reduce how much you spend through wholesale buying. Wholesalers supply businesses with products in large quantities. Businesses that buy […]
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What to Do If You Receive an IRS Notice (Besides Panic)
August 19, 2026Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice.
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What Is a Business Tax Lien?
August 19, 2026Are you struggling to pay your business or employment tax liabilities? If you fail to pay, you might face a tax lien. For a small business owner, a tax lien can have devastating effects. That’s why you must understand tax liens to prevent them.
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What Is Your Small Business Tax Liability?
August 19, 2026Juggling different expenses comes with the job of being a small business owner. One cost you’re responsible for is your company’s taxes. There are several aspects of your business that the government enforces taxes on. To stay legally compliant, you must stay on top of your small business tax liability.
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Your Go-to Guide to Understanding Tangible Assets
August 19, 2026Business assets are items of value that significantly contribute to your small business net worth. You need to properly calculate, take care of, and record your business’s tangible assets. Learn about tangible assets below.
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Retained Earnings Formula: Examples, Calculation, and More
August 19, 2026When you own a small business, it’s important to have extra cash on hand to use for investing or paying your liabilities. But with money constantly coming in and going out, it can be difficult to monitor how much is leftover. Use a retained earnings formula to track how much your business has accumulated. Knowing […]
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A Profit and Loss Statement for Small Business Is a Must!
August 19, 2026As a business owner, you must track the money going in and out of your company to keep your finances on track. One way you can do this is by monitoring your profit and loss statement for small business. Read on to learn how a profit and loss statement can benefit your business and how […]
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