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” […]
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Accounting Tips, Training, and News
What Taxes Are Added Back to EBITDA?
September 9, 2021When 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 […]
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Report Your Self-employment Income in 3 Easy Steps
September 7, 2021Just like other business owners, self-employed individuals also have to report income and pay taxes to the IRS. So, how do you report self-employment income? What steps do you need to take? And, is there a special form you need to fill out? Get answers to these self-employment income questions and more below.
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What Is a Separate Legal Entity? A Guide for Business Owners
September 3, 2021When you open a business, you decide what business structure you want to have. And, that decision determines what the legal requirements are for your company. But, is your business a separate legal entity (SLE)? And, what is a separate legal entity?
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Business Debt Consolidation: Is it Right for Your Business?
August 31, 2021Let’s face it: Juggling multiple loan or credit payments can be a burden. But if bootstrapping your business isn’t an option, it might be necessary to make your entrepreneurial dream come true. One way to limit multiple monthly payments is through business debt consolidation.
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What Is Capital in Business, and How Does it Work?
August 26, 2021Whether you’re a new startup or you’ve been in business for decades, your company needs capital to grow and thrive. And, having a solid understanding of capital and how it can benefit your company can help you regardless of what stage your business is in. So, what is capital?
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Small Business Grants: What to Know Before Applying
August 24, 2021Whether you’re a startup or have been in business for years, you may be considering applying for outside funding. This could include receiving small business loans, obtaining investors, or applying for grants. Small business grant funding can be the most complex, but most desirable, option. So, what are small business grants, and what should you […]
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What to Consider Before You Give Yourself a Raise
August 20, 2021As a business owner, you typically control your own salary. And if you see a rise in business income, you may think it’s time to give yourself a raise. But, how do you go about giving yourself a raise? What are some signs it’s time you increase your income? Keep reading for answers.
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What is Schedule K? What to Know Before Filing
August 17, 2021If you structure your business as a partnership or S Corporation, there is one form you need to learn like the back of your hand. And, you need to make sure your partners know the form, too. That oh-so-important form is Schedule K-1. So, what is Schedule K, and what does it do?
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Thinking About Increasing Your Advertising Spend? Keep These 5 Considerations in Mind
August 6, 2021Some of your main goals as a business owner are to boost sales and increase revenue. One way to do this is to increase advertising spend. But is hiking up the money spent on advertising worth it for your company? Ask yourself, Should I increase my advertising spend? and keep a few considerations in mind […]
Read More Thinking About Increasing Your Advertising Spend? Keep These 5 Considerations in Mind