Whether you’re opening the doors to your business or 20 years into the swing of things, you may be considering a loan. One option is a loan through the Small Business Administration (SBA) if you have a small business. But, what is an SBA loan? And, how do you complete an SBA loan application? Let’s […]
Read More How to Apply for an SBA Loan [7 Steps]
In business, you must keep records of your transactions in your books. Your accounting books provide a place for you to review your business’s income and expenses and see where you stand financially. By keeping your books organized and up-to-date, you can take control of your finances and make smart business decisions. But before you […]
Read More How to Set up Accounting Books for Small Business
Turning a new venture into a profitable business is part math, part discipline. How long it takes to reach the break-even point varies, but many small businesses reach it within six – 18 months.
Read More 5 Realistic Milestones to Reach Business Profitability This Year
Are you thinking of starting a business in The Lone Star State? One of the first steps you have to take is choosing your business structure. You might structure your business as a limited liability company (LLC) for liability protection and pass-through taxation. But getting your LLC up and running takes time, effort, and a […]
Read More How to Start an LLC in Texas: Getting Your Limited Liability Company Up and Running
Accounting errors are inevitable, especially if you’re rushing to add information into your small business accounting books. To detect accounting errors sooner rather than later, learn which ones to keep an eye out for and how to find them in the first place.
Read More Top 5 Accounting Errors You Might Be Making [+ Tips to Find Them]
Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate?
Read More What Is the Corporate Tax Rate? [Federal & State Guide]
If you have a business in Colorado that delivers or ships products to customers within the state, you may be responsible for the Colorado delivery fee.
Read More Colorado Delivery Fee: Knock, Knock? Who’s There?
How often do you drive to meet a client or your accountant? Do you frequently make bank runs for your business? Depending on your business use of vehicle, you may qualify for a nice-sized tax deduction.
Read More Business Use of Vehicle: Drive Your Way to Tax Savings
Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS.
Read More Business Mileage Deduction 101
The employer-provided childcare tax credit has existed for over 20 years to help employers secure affordable childcare for their employees. The only problem is, no one seems to know about it. It may be America’s best-kept secret for your employees with children.
Read More Tax Credit for Employer-paid Childcare Expenses: America’s Best-kept Secret