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As a business owner, you likely deal with invoices on a regular basis. Maybe you send them to your customers. Or, maybe you’ve received them in the past for making purchases. Regardless, if you’re planning on invoicing your customers, you need to come up with solid invoice payment terms.
Read More Mastering Invoice Payment Terms for Smooth Business Transactions
If you have more money at the end of the year than you expected, you might think you have a budget surplus. But, is that what a budget surplus actually is? Keep reading to find out what is a budget surplus, the budget surplus definition, and more.
Read More The Ins and Outs of a Budget Surplus
Thanks to the COVID pandemic, 58% of employees sometimes or always work remotely now. Unfortunately for those employees, they can no longer claim the home office tax deduction (talk about an unlucky sequence of events). But lucky for you, you’re a business owner. And that means this tax deduction is still available.
Read More Home Office Tax Deduction Available for Business Owners. Employees? Not So Lucky
Accounting can be a daunting task when starting out, especially if you’re not an accountant. And depending on your business, how you must handle accounting can change. So, what are the accounting methods, and how do you choose which method to use for your business’s bookkeeping?
Read More Accounting Methods: How to Pick the Best Option for Your Business
From time to time, you may need to raise prices in your business to keep up with production or offset business expense increases. But what if you’re hit with a price increase? What do you do?
Read More If You’re Hit With a Price Increase, Take These 6 Steps
As a business owner, your goal is to make a profit. Generally, you may turn toward your accounting profit to see how your company is doing. You also need to consider other types of profit, such as economic profit. But, what’s the difference between accounting profit vs. economic profit? Keep reading to get the scoop.
Read More How Do Accounting Profit vs. Economic Profit Differ?
Filing taxes can be a bear. Between deadlines, line items, and completing forms, there is a lot of information to know. And whether it’s your first time filing taxes for small business or you’re a seasoned business owner, you may have some questions. So if you’re looking for answers on how to file a business […]
Read More How to File a Business Tax Return in 4 Simple Steps
Being a business owner means tracking profits, losses, annual business revenue, and more. But beyond knowing how to track these, how do you calculate the figures you need? And, how do you calculate your annual business revenue? Read on to learn the ins and outs of annual business revenue.
Read More How to Calculate Annual Business Revenue 101
You’re driving late at night, exhausted. You can’t see anything, and you don’t know where you are. Before you run out of gas, you pull up your GPS, and ah! There’s the path. Now you know where the path is again. Likewise, you can get lost in business ownership if you don’t have a “roadmap” […]
Read More How to Write a Business Plan That Outlines Goals, Secures Funding, and Beyond
When learning how to calculate the valuation of your company, you probably learned about EBITDA. The information in the EBITDA formula is important when calculating your profitability and overall financial performance. But earnings before interest, taxes, depreciation, and amortization (aka EBITDA) hit a snag regarding the specific taxes you should include. And, what taxes you […]
Read More What Taxes Are Added Back to EBITDA?