Tax season might be once a year, but preparing for tax season is a year-round process. To back up your tax deduction claims, you need to keep business receipts. But, what kind of receipts for taxes do you need? And which small business receipts can you pitch?
Read More Receipts for Taxes and Your Business: What Do You Need to Hang Onto?
If you’re thinking about starting a business, you’ve probably seen the business startup checklists online and already know them like the back of your hand. Make a plan. Choose a business structure. Secure funding. Register your business name. But what about the tangible things you need to start a business, like a storefront or startup […]
Read More Startup Checklist: List of Things Needed to Start a Business
Have an idea for a startup? Check. Think of a business name? Check. Have the funding you need to get started? Eh, not quite check. When creating a startup, you need to have a solid financial foundation to help your business succeed. And to do that, learn how to get funding for startup.
Read More 4 Steps on How to Get Funding for Startup [+ Types of Funding]
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 Strategies
Tax 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.
Read More Tax Planning Strategies to Get Tax Time Ready
Becoming 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.
Read More Key Insights and Practical Business Tips for Beginners
The 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.
Read More Liability for Debts: Are You at Risk of Losing Your Personal Assets to Business Debts?
The 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.
Read More Comprehensive Guide to Understanding and Applying Accounting Estimates
You 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?
Read More IRS Audit Triggers and How to Avoid Them
Economic 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 […]
Read More A Seller’s Guide to Economic Nexus Laws by State