Depending on your business’s location, you may need to pay or remit certain state-specific taxes. One type of state tax your business should be aware of is gross receipts tax (GRT). Read on to learn about gross receipts tax and whether or not you’re responsible for remitting it to your state.Read More What Is Gross Receipts Tax, and Which States Impose It?
As a small business owner, you need to conduct regular audits to ensure your records are accurate. Although many business owners dislike the idea of auditing, audits can be beneficial to your company. Learn more about the different types of audit below.Read More Breaking Down 9 Different Types of Audit
Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance.Read More 5 Signs It’s Time to Hire an Accountant
Business owners often confuse margin and markup. Both figures help you set prices and measure productivity. But, a margin vs. markup chart shows that the two terms reflect profit differently.Read More Markup vs. Margin Chart: How to Calculate Margin and Markup
For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.Read More Ready, Set, Go! Mark Your Calendars With Sales Tax Holiday Dates
Company ABC is now part of Company XYZ! Pop quiz … is this an example of a merger or acquisition? Understanding mergers vs. acquisitions may be a key part of your business’s exit, expense-cutting, or profit-boosting strategy.Read More What Are the Differences Between Mergers vs. Acquisitions?
Dun, dun, dun! If you’re unfamiliar with what is a DUNS number, now might be the time for a quick overview. Otherwise, you might not know if you need one for your business.Read More What Is a DUNS Number?
You know what they say, “For every minute spent organizing, an hour is earned.” And when it comes to accounting, taking time to get organized can save you a number of hours later … not to mention, money. That’s why you need your trusted organizational accounting tool, aka your chart of accounts (COA). What is […]Read More What Is a Chart of Accounts?
As a business owner, you’re used to wearing a million hats and doing things yourself. But sometimes, you need a helping hand. Some tasks, like accounting, can be time-consuming and downright stressful— especially if you’re not an expert. If you’re struggling to manage your own books, hiring an accountant may be a good fit for […]Read More Do I Need an Accountant for My Business? Get Your Yes or No Answer Now
Nowadays, everything is online. From reviews to social media to shopping, it’s no secret that the online world is taking over. In fact, U.S. e-commerce grew by 44% in 2020. With the online market growing bigger every day, you may be thinking, It’s time to start accepting payments online for my business. If you’re in […]Read More Thinking About Accepting Payments Online? Here Are Your Options