As a small business owner, you probably spend a lot of time and money on taxes. But, not all businesses have to pay taxes. Have you ever wondered, “Is my business tax exempt?”
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Accounting Articles
Accounting Tips, Training, and News
First Time Filing Taxes for Small Business
November 9, 2022The first time filing taxes for small business owners can be overwhelming. Make your first time filing business taxes run smoothly by understanding your liabilities.
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What Is Ordinary Income?
November 9, 2022As a small business owner, you track the money your company earns in your accounting books. Can you identify the types of income you record? For example, ordinary income is a common type of income that your business earns.
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Offer Credit to Customers: The Pros and Cons
November 9, 2022Offering credit to your customers can be a risky, but rewarding, endeavor. Do you know if providing credit will help or hurt your business? You need to weigh the pros and cons before you offer credit to customers.
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4 Ways to Improve Your Small Business Credit Score
November 9, 2022A business credit score measures how well your company handles debt. A good business credit score can help you gain capital to grow, as well as help you borrow funds when cash is low. You can improve your small business credit score with a few simple steps.
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What Is a Corporation?
November 9, 2022One of your first decisions as a small business owner is choosing between business structures. Your structure dictates many vital aspects of your company, including liability. To protect your personal assets from business liabilities, you may consider structuring as a corporation.
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Working With Freelancers at Your Small Business
November 9, 2022As a small business owner, you have to take care of all your company’s tasks. Your responsibilities can get overwhelming. To help you complete tasks, you may want to try working with freelancers.
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What Is the Difference Between an Invoice and a Statement?
November 9, 2022Invoices and statements are regularly used in business. You send invoices and statements to bill customers. And, vendors send you invoices and statements so you know how much you owe. But, what is the difference between an invoice and a statement?
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How to Use a Comparative Income Statement for Your Small Business
November 9, 2022You’re an expert at running your business, not analyzing financial numbers. But as a small business owner, you need to know how your decisions affect your company. By reviewing your accounting books, you can leverage data to grow your company. One important report to look at is the comparative income statement.
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7 Tips for Your Small Business Credit Application
November 9, 2022As a small business owner, getting approved for a line of credit is not easy. You need to make sure your credit application has the best chances of securing a loan or line of credit. Follow the tips below to show lenders you’re creditworthy with a strong small business credit application.
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