Americans love talking about their favorite mom-and-pop shops. When we use the term mom-and-pop, we’re talking about a spouse-owned business. A spouse-owned business gives new meaning to “for richer and poorer” (and “till death do us part!”). According to Harvard Business Review, three million businesses in the U.S. are spouse-owned. This type of business also […]
Read More For Richer and Poorer: How to Start a Business With Your SpouseAccounting Articles
Accounting Tips, Training, and News
June 28, 2022
Tax Credit for Employer-paid Childcare Expenses: America’s Best-kept Secret
The employer-provided childcare tax credit has existed for over 20 years to help employers secure affordable childcare for their employees. The only problem is, no one seems to know about it. It may be America’s best-kept secret for your employees with children.
Read More Tax Credit for Employer-paid Childcare Expenses: America’s Best-kept Secret
June 23, 2022
Error of Omission: Getting to Know This Common Accounting Mistake
Your business lives and dies by your ability to buy and sell products on a competitive margin. But, you may take for granted why bookkeeping is important to the health of your business. Several mistakes—like errors of omission—can get in the way of keeping accurate books
Read More Error of Omission: Getting to Know This Common Accounting Mistake
June 21, 2022
How to Choose the Right Accounting Software for Your Business
Maybe you’re thinking about buying accounting software for the first time. Or, you’re finally ready to switch software providers. At some point, you may wonder how to choose accounting software. There are so many options out there that even knowing where to get started selecting the right accounting software can feel impossible. This article will […]
Read More How to Choose the Right Accounting Software for Your Business
June 16, 2022
Accounting KPI: Key Performance Indicators in Your Business
Your business is efficient and error-free all the time. Well, maybe it’s 90% of the time. Actually, maybe 85% of the time. OK, maybe it’s time to investigate with an accounting KPI (key performance indicator). With knowledge comes power—as soon as you know where improvements are needed, you can create a plan for future success. […]
Read More Accounting KPI: Key Performance Indicators in Your Business
June 14, 2022
How Can Your Product-based Business Respond to Shifts in Consumer Spending (2022)?
Target’s slashing prices on inventory like appliances and televisions. Marriott’s hotel room demand for leisure travel is up 10% compared to 2019 bookings. What does this mean for consumer spending in 2022? It means that a great shift in consumer spending 2022—from goods to services—might be here.
Read More How Can Your Product-based Business Respond to Shifts in Consumer Spending (2022)?
June 7, 2022
Sole Proprietorship vs. LLC: What’s Best for Your Business?
You’ve finally come up with the perfect business. Now, it’s time to structure it. And if you’re torn between sole proprietorship vs. LLC (limited liability company) you might be wondering what business entity best fits your needs.
Read More Sole Proprietorship vs. LLC: What’s Best for Your Business?
June 2, 2022
Margin vs. Markup: Chart, Infographic, & More
Business owners often confuse margin and markup. After all, they both deal with sales, help you set prices, and measure productivity. But, there’s a key difference between margin vs. markup—and knowing this difference is how you can set prices that lead to profits.
Read More Margin vs. Markup: Chart, Infographic, & More
May 31, 2022
The Top 18 Accounting Questions You Didn’t Know You Had [Answered]
You don’t know what you don’t know. This phrase couldn’t be more true, especially when it comes to taking up your business’s accounting. After all, it’s a technical and complex subject. And when it comes to your responsibilities, you probably have a million accounting questions—even if you don’t know exactly what they are.
Read More The Top 18 Accounting Questions You Didn’t Know You Had [Answered]
May 26, 2022
For Simple Bookkeeping, Consider Going With the Cash Method
Forty percent of small business owners agree that bookkeeping (the process of recording transactions) and taxes are the worst part of the job. Although it might be taxing (no pun intended!), bookkeeping is a key part of business. But, that doesn’t mean you have to make things unnecessarily difficult. For simple bookkeeping, you may consider […]
Read More For Simple Bookkeeping, Consider Going With the Cash Method
