When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type of business structure, you might be subject to different types of laws, such as the throwback rule.
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Accounting Tips, Training, and News
What to Do If You Receive an IRS Notice (Besides Panic)
March 3, 2025Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice.
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2025 Common Tax Scams: IRS “Dirty Dozen” Highlights
February 28, 2025Tax scams are afoot in 2025. Are you prepared? The IRS compiles an annual list of common scams known as the “Dirty Dozen” list to help taxpayers navigate threats.
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Invoice Generators: A Guide on How To Make an Invoice
February 28, 2025For many businesses, invoicing customers is how you get paid. But manual invoicing processes can be time-consuming, and invoices can look unprofessional. Invoice generators streamline the essential invoicing process, which can speed up how quickly you get paid.
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The Difference Between Gross Profit vs. Net Profit
February 27, 2025Calculating your business profits shows you how much money your company brings in. But, not all profit data is the same. There are two types of profit you should understand and use to measure your financial health: gross profit and net profit. What’s the difference between gross profit vs. net profit?
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How to Use Life Cycle Costing
February 27, 2025When you run a small business, every little cost counts. Making poor purchasing decisions can put an unnecessary financial burden on your business and lower your company’s bottom line over time. Before you purchase new assets for your business, practice life cycle costing.
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Small Business Loan Interest Rates and Fees: Avoid Surprises
February 27, 2025Do you need extra capital for your small business? If you’re thinking of securing a business loan, you should know how much it’s really going to cost you. Before taking out a new loan, understand how small business loan interest rates and fees work.
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Angel Investors vs. Venture Capitalists: How to Decide Who to Pitch to
February 27, 2025Getting funding for your business is no walk in the park, especially if you’re just starting up. But in order to keep your business dream alive, you need capital.
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What Is Cash-basis Accounting?
February 27, 2025One of your first choices as a business owner is your accounting method. Before making a decision, take some time to compare the cash-basis vs. accrual basis methods of accounting. Having to switch from cash-basis to accrual-basis after the fact can be difficult. The way you keep your books affects many aspects of your business, […]
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How to Start a Seasonal Business
February 27, 2025Are you thinking about opening a seasonal business? Operating for only part of the year can be challenging. Prepare for the highs and lows of your first season by understanding how to start a seasonal business now.
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