There are a number of different types of business budgets. One kind of budget that your business may have is an operating budget. Read on to learn what is an operating budget and what to include in yours.
Read More What Is an Operating Budget for Business?
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?
Read More What Is a Check Register, and How Can It Help You Organize Business Transactions?
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? […]
Read More Shake up Your Business’s Tax Classification With IRS Form 8832
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.
Read More Should You Give the Cost-plus Pricing Strategy a Go?
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 […]
Read More Make a Mistake on Your Corporate Income Tax Return? Cue Form 1120 Amended Return
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.
Read More Do You Have to Pay Business Personal Property Taxes?
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.
Read More How to Craft the Financial Section of Business Plan (Hint: It’s All About the Numbers)
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.
Read More How Much Is Too Much? Determining a Fair Markup Percentage
Expanding, downsizing, or simply relocating? If you change your business address, you need to let people know.
Read More Moving Locations? Don’t Forget to Change Your Business Address With These Places
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.
Read More E-invoicing: The Contact-free Way to Bill Customers