Do you know how your business is performing this year compared to last? No? Calculate year-over-year growth to find out.
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The Ins and Outs of Business Working Capital
August 19, 2026Having many expenses is an inevitable part of owning a small business. But, you also need to be able to generate enough money to pay for those expenses. To determine whether you can pay off your short-term debt, you need to understand working capital.
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How Do I File a 1099 for My Independent Contractors?
August 19, 2026If you hire an independent contractor and pay them $2,000 or more (new 1099 reporting threshold beginning in tax year 2026, up from $600) during the tax year, you must create, distribute, and file Form-1099-NEC. You might wonder, How do I file a 1099?
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A Guide to Start Buying Wholesale for Small Business
August 19, 2026You know that spending less on business expenses like supplies and inventory can help you maximize your business’s profits. You can’t just eliminate those expenses; otherwise, you wouldn’t have anything to sell. But, you can possibly reduce how much you spend through wholesale buying. Wholesalers supply businesses with products in large quantities. Businesses that buy […]
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What Is a Fiscal Year for Your Business and Books?
August 19, 2026When it comes to pulling reports, establishing a business budget, and filing taxes, you need to know your company’s fiscal year. So, what does a fiscal year mean, exactly? When does the fiscal year start? And, how long is a fiscal year? Read on to get the answers to these questions and more.
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What Is a Vendor? Overview for Small Business Owners
August 19, 2026As a small business owner, you need goods to operate. Your inventory is an essential organ in the anatomy of your business. The tools you use and the merchandise you sell help you accomplish daily goals, and ultimately grow your company.
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What Is Escheatment?
August 19, 2026You might not know that unclaimed property is governed by state laws. For example, if a bank account is inactive for an extended period of time, your state can claim the funds in your account in a process known as escheatment. What is escheatment?
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What to Do If You Receive an IRS Notice (Besides Panic)
August 19, 2026Receiving 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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What Is a Business Tax Lien?
August 19, 2026Are you struggling to pay your business or employment tax liabilities? If you fail to pay, you might face a tax lien. For a small business owner, a tax lien can have devastating effects. That’s why you must understand tax liens to prevent them.
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What Is Your Small Business Tax Liability?
August 19, 2026Juggling different expenses comes with the job of being a small business owner. One cost you’re responsible for is your company’s taxes. There are several aspects of your business that the government enforces taxes on. To stay legally compliant, you must stay on top of your small business tax liability.
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