Nowadays, everything is online. From reviews to social media to shopping, it’s no secret that the online world is taking over. In fact, U.S. e-commerce grew by 44% in 2020. With the online market growing bigger every day, you may be thinking, It’s time to start accepting payments online for my business. If you’re in […]
Read More Thinking About Accepting Payments Online? Here Are Your Options
Your small business budget is an important tool for your company. It guides your spending habits throughout the year, helps you avoid overspending, and helps you make important financial decisions. But, budgets aren’t one-size-fits-all. Every business’s budget looks a little different. And, there are a number of different types of business budgets to keep on […]
Read More 10 Types of Business Budgets to Keep Track of Your Company’s Cash
So, you started a business, then let it sit for a little bit, hmm? If you didn’t earn income for an entire year, you might be wondering if you have to file your tax return. So, how does filing taxes for small business with no income work?
Read More Filing Taxes for Small Business With No Income: To File, or Not to File
Taxes, taxes, taxes. As a business owner or aspiring entrepreneur, you probably dread hearing the word “taxes.” But the truth is, you’re going to hear it a lot when you’re in business. And depending on your type of business structure, you may have single taxation or double taxation.
Read More Need an In-depth Understanding of Single Taxation vs. Double Taxation? Start Here
As a business owner, you do it all. But when it comes to your finances, it may be a good idea to consult an accounting expert for help, especially if you’re just starting your venture. What does an accountant do? An accountant can assist with tracking and analyzing your finances and keeping your records up-to-date […]
Read More 12 Must-know Questions to Ask an Accountant
If you sell products at your business, you likely have some form of inventory. Knowing how much inventory you have on hand, as well as how much you need to have in stock, is a crucial part of running your business. To help keep track of inventory, you need to learn how to record inventory […]
Read More How to Record Inventory Journal Entries
‘Tis the season for purchase returns … all year long. Because if you sell products at your business, you know that not all customers are satisfied. If a customer wants to bring back an item, you need to make sales returns and allowances journal entries.
Read More How to Record Sales Returns and Allowances
At some point or another, you may want to join forces with another business to help boost profits or cut costs. One way to do this is to merge your business with another company through a merger. There are a variety of mergers to choose from. Are you ready to explore the different types of […]
Read More Eager to Join Forces With Another Business? Keep These 5 Types of Mergers in Mind
As an individual, you’ve probably received (or have at least dreamed about receiving) a tax refund before. If you have, you’ve probably wondered at some point, Can a small business get a tax refund? Well, wonder no more. That’s where we come in to help.
Read More Can a Small Business Get a Tax Refund? Yes, No, Maybe So?
There’s a lot that goes into filing your small business tax return. You can’t just take a shot in the dark and hope for the best, you need to prepare, follow best practices, and keep good records year-round. And if you don’t, you could wind up making tax return errors.
Read More Stop! In the Name of Your Business … Don’t Make These 7 Common Tax Return Errors