Cash flow problems happen, often. It’s why 82% of small businesses fail. But if you have issues with your cash flow, you’re not doomed to close up shop. Instead, it’s like coming to a fork in the road. Turn right to power through, or turn left to call it quits. To get out of the […]
Read More What to Do When Your Business Runs Out of Money: Effective StrategiesAccounting Articles
Accounting Tips, Training, and News
Tax Planning Strategies to Get Tax Time Ready
January 19, 2023Tax season sneaks up fast. For many business owners (and individual tax filers!), it’s an overwhelming whirlwind. At the end of it, you may vow to prepare better for next year. And then … whoops! It’s next year already. Kick procrastination and stress to the curb with these tried-and-true tax planning strategies.
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Key Insights and Practical Business Tips for Beginners
January 17, 2023Becoming a business owner is no easy task. It takes time, dedication, money, and more. Chances are, you’ll probably make a few mistakes along the way. But if you follow a few business tips for beginners, you can avoid making common startup mistakes and set yourself up for success.
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Liability for Debts: Are You at Risk of Losing Your Personal Assets to Business Debts?
January 13, 2023The average small business owner is roughly $195,000 in debt. Imagine paying that amount from your pocket, and if you can’t, how it’ll reflect on your credit report.
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Comprehensive Guide to Understanding and Applying Accounting Estimates
January 12, 2023The accounting world may seem filled with hard facts. Either the money is in the account, will be in the account, or it isn’t … right? Well, that’s not always the case.
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IRS Audit Triggers and How to Avoid Them
January 5, 2023You have a lot to deal with to keep your company operating. One thing you don’t want to have to handle? An IRS audit. While some audits happen randomly, others trigger from red flags in your records. What are these IRS audit triggers, you ask?
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A Seller’s Guide to Economic Nexus Laws by State
January 4, 2023Economic nexus has taken the nation by storm. With the majority of states establishing economic nexus laws (46 states to be exact), it can be hard to keep up with all of the rules and changes. Regardless of if you have in-person or online sales, you need to know whether the state you’re selling in […]
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How Many Hours Do Business Owners Work? According to Studies, It’s a Lot
January 3, 2023Thinking about starting a business but worried about how busy you’ll be? Or, have you already started a business and are wondering how many hours you should be clocking in? Either way, knowing how much other business owners work may be helpful. So, how many hours do business owners work?
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Estimate vs. Invoice: What’s the Difference?
December 29, 2022Do you make estimates or invoices for your business? The two terms aren’t interchangeable. In fact, you may need to make both an estimate and invoice for a project. So, what’s the difference between estimate vs. invoice?
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Need to Correct an Invoice? The Credit Memo Can Help
December 27, 2022Have you ever billed a customer for a product and realized you overcharged them? Or has one of your customers ever opened a package to find damaged or defective goods? In either case, you should know about a credit memo. A credit memo can help fix these problems. Read on to learn how.
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