If you’re like most taxpayers, you look for every possible deduction when filing your tax return for business. One way to lower your tax liability is to claim business tax credits. And due to the coronavirus pandemic, there are also a number of temporary tax credits for employers to claim.Read More What’s the Scoop on Business Tax Credits?
Break Down Where Your Money Goes With Activity-based Costing
Not sure what activities your overhead costs are going towards? With activity-based costing, product-focused businesses can get into the nitty-gritty details to better allocate expenses. That means you can more accurately analyze your spending—and price your products.
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The digital world is changing a lot. So, you’re probably wondering how to change with it, especially when it comes to your business. And, that may make you think about the latest buzz in finance—cryptocurrency.Read More Cashing in on Crypto: Your Guide to Crypto Payments and Accounting
As a business owner, you likely evaluate your employees’ performance from time to time. But, your employees aren’t the only ones you should be assessing. If you have suppliers you go to for inventory and materials, you need to evaluate their performance, too. To learn more about supplier evaluation and how to evaluate a supplier, […]Read More Increase Efficiency With a Routine Supplier Evaluation
Just starting your entrepreneurial journey? Been in business for over 10 years? Regardless of if you’re a veteran business owner or just starting out, you may need to get a business loan. So, where do you start? Let us walk you through how to apply for a business loan.Read More How to Apply for a Business Loan in 7 Simple Steps
You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living?Read More The Average Cost of Living by State, and Why Ignoring it Could Sink Your Business
Use this article to help you learn about Form 3508. Forms 3508EZ and 3508S are simplified documents, so not all of these steps apply. For more information on the difference between the forms, check out our article, “Form 3508, 3508EZ, or 3508S: Which Version Should You Use for PPP Forgiveness?“ Want to know how much […]Read More PPP Forgiveness Calculation: Process & Example
On March 11, 2021, the American Rescue Plan was signed into law. This new legislation increased funding for the Paycheck Protection Program and the EIDL program. And on March 30, 2021, the Paycheck Protection Program Extension Act of 2021 was signed into law, extending the PPP deadline to May 31, 2021. It’s no secret that […]Read More Coronavirus Loan Options to Help Get Your Business Back on Its Feet
Running a business means juggling a variety of financial reports, like your company’s trial balance and general ledger. With so many reports to look through, you may be asking yourself, What do these reports mean, and how do I use them? Take a look at the difference between general ledger vs. trial balance and how […]Read More The Skinny on General Ledger vs. Trial Balance
As a business owner, there are two important things you want to keep—time and money. That’s why you need to create a budget and stick to it. But, budget challenges are common and can pop up throughout the year.Read More 5 Budget Challenges and How to Tackle Them