You work long hours as a small business owner. And if you have children or dependents, you might need help providing care while you work. But with 58% of families expecting child and dependent care expenses to cost more than $10,000 per year, things can add up quickly. Did you know the IRS offers some […]
Read More What Is the Child and Dependent Care Credit?
Did you pay any vendors this year? There are many types of payments, ranging from rents to prizes and awards. And if you did pay a vendor, you might be required to file Form 1099-MISC. So, what is IRS Form 1099?
Read More What Is IRS Form 1099?
Do you know how your business is performing this year compared to last? No? Calculate year-over-year growth to find out.
Read More How’s Your Business Doing? Calculate Year-over-year Growth to Find Out
Having many expenses is an inevitable part of owning a small business. But, you also need to be able to generate enough money to pay for those expenses. To determine whether you can pay off your short-term debt, you need to understand working capital.
Read More The Ins and Outs of Business Working Capital
If you hire an independent contractor and pay them $2,000 or more (new 1099 reporting threshold beginning in tax year 2026, up from $600) during the tax year, you must create, distribute, and file Form-1099-NEC. You might wonder, How do I file a 1099?
Read More How Do I File a 1099 for My Independent Contractors?
You know that spending less on business expenses like supplies and inventory can help you maximize your business’s profits. You can’t just eliminate those expenses; otherwise, you wouldn’t have anything to sell. But, you can possibly reduce how much you spend through wholesale buying. Wholesalers supply businesses with products in large quantities. Businesses that buy […]
Read More A Guide to Start Buying Wholesale for Small Business
When it comes to pulling reports, establishing a business budget, and filing taxes, you need to know your company’s fiscal year. So, what does a fiscal year mean, exactly? When does the fiscal year start? And, how long is a fiscal year? Read on to get the answers to these questions and more.
Read More What Is a Fiscal Year for Your Business and Books?
As a small business owner, you need goods to operate. Your inventory is an essential organ in the anatomy of your business. The tools you use and the merchandise you sell help you accomplish daily goals, and ultimately grow your company.
Read More What Is a Vendor? Overview for Small Business Owners
Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice.
Read More What to Do If You Receive an IRS Notice (Besides Panic)
Are you struggling to pay your business or employment tax liabilities? If you fail to pay, you might face a tax lien. For a small business owner, a tax lien can have devastating effects. That’s why you must understand tax liens to prevent them.
Read More What Is a Business Tax Lien?