Accounting Articles

Accounting Tips, Training, and News

person sitting at a desk on their laptop, looking at a red check register

What Is a Check Register, and How Can It Help You Organize Business Transactions?

September 24, 2020

As a small business owner, you know how important it is to keep track of your company’s finances. But, sometimes your business bank statement is not up-to-date with the most current information. For an up-to-date picture of your transactions, you can use a check register. So, what is a check register?

businessman filling out form at his work desk

Shake up Your Business’s Tax Classification With IRS Form 8832

September 17, 2020

Many business owners dream about finding ways to reduce their tax liabilities. With IRS Form 8832, you may be able to do just that by changing your tax classification. Read on to learn what is Form 8832 and whether you can use it to switch up your business’s tax classification. What is IRS Form 8832? […]

employee typing on a calculator with piles of coins on the table

Should You Give the Cost-plus Pricing Strategy a Go?

September 10, 2020

Setting product or service prices is arguably one of the biggest yet most challenging decisions you can make. Some businesses use the cost-plus pricing strategy to reach a price that’s justifiable.

Business owner filling out Form 1120X, Amended Return.

Make a Mistake on Your Corporate Income Tax Return? Cue Form 1120 Amended Return

September 8, 2020

Mistakes are part of being a business owner. At one point or another, you may make a mistake on a form, such as your business income tax return. If your business is structured as a C Corp or taxed as a corporation, you can use Form 1120X to amend your original return. Read on to […]

desk filled with office items like books, notepads, computer, and cell phone

Do You Have to Pay Business Personal Property Taxes?

August 27, 2020

If you’re a business owner who owns a building, land, or property, you are probably familiar with business property taxes. But, you may be responsible for paying business personal property taxes in addition to your other taxes. Read on to learn all about business personal property tax and whether you’re responsible for paying it.

Team members working on crafting the financial section of business plan by looking at data on tablet and laptop

How to Craft the Financial Section of Business Plan (Hint: It’s All About the Numbers)

August 20, 2020

Writing a small business plan takes time and effort … especially when you have to dive into the numbers for the financial section. But, working on the financial section of business plan could lead to a big payoff for your business.

How Much Is Too Much? Determining a Fair Markup Percentage

August 18, 2020

If you want to make a profit, you need to mark up your products. But, how much is too much? To figure that out, determine a fair markup percentage. Calculating markup percentage helps you get the most out of pricing methods.

boxes and wrapped chairs during a business change of address

Moving Locations? Don’t Forget to Change Your Business Address With These Places

August 13, 2020

Expanding, downsizing, or simply relocating? If you change your business address, you need to let people know.

woman on desktop computer generating an e-invoice for customers

E-invoicing: The Contact-free Way to Bill Customers

August 11, 2020

Does your invoicing process look a little something like this? Print, fold, stick paper in envelope, seal, add stamp, add addresses, mail, and repeat. If you’re cringing at the thought of having to mail off one more invoice to your customers, you might consider e-invoicing.

What Are the Pros and Cons of a Sole Proprietorship?

July 30, 2020

A sole proprietorship is the most common type of business structure. A whopping 73% of businesses in the U.S. are sole proprietorships. If you’re considering starting your own venture and forming a sole proprietorship, weigh the pros and cons of a sole proprietorship before making a decision.

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