As a business owner, you’re responsible for keeping your business’s books in shipshape. To do that, you need to choose an accounting method and stick with it. But as your small business grows, you might need to change your accounting method. You can do this with Form 3115.
Read More Form 3115: Changing Your Accounting Method
Choosing your accounting method is the first step in handling your company’s books. If you’re a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.
Read More Pros and Cons of Cash-basis Accounting
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.
Read More Throwback Rule: Does Your State Have a Throwout or Throwback Rule for Corporations?
Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice.
Read More What to Do If You Receive an IRS Notice (Besides Panic)
Tax 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.
Read More 2025 Common Tax Scams: IRS “Dirty Dozen” Highlights
For 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.
Read More Invoice Generators: A Guide on How To Make an Invoice
Calculating 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?
Read More The Difference Between Gross Profit vs. Net Profit
When 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.
Read More How to Use Life Cycle Costing
Do 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.
Read More Small Business Loan Interest Rates and Fees: Avoid Surprises
Getting 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.
Read More Angel Investors vs. Venture Capitalists: How to Decide Who to Pitch to