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Did you structure your business as a sole proprietorship? Do you want to move beyond your sole proprietorship status? If your business structure just isn’t cutting it, one of your options is to change sole proprietorship to LLC.
Read More It’s Time to Change Sole Proprietorship to LLC. Here’s How to Do It
Firing an employee is a tough decision for any business owner. Make sure to do it the legal way. No one likes to fire an employee. You may be concerned about hurting the feelings of a likable, yet unproductive, worker. You may know how financially devastating it will be for a hard worker that you […]
Read More How to Fire an Employee the Legal Way
There’s nothing like starting your own small business. Being your own boss means you choose how to run things, and it lets you see your ideas come to life. But, you have a million and one things on your plate. You might decide to hire new employees to streamline business operations. When you become an […]
Read More How to Manage Payroll for Small Businesses Owners: Complete Guide
You’re part business owner, part marketer, and part … payroll tax filing extraordinaire. And being a payroll tax filing extraordinaire requires that you know how to file employee taxes.
Read More How to File Employee Taxes (Federal Income, Social Security, & More)
The IRS suggests that you keep receipts and other records for gross receipts, purchases, expenses, assets, and any deductions you want to make (entertainment, travel, gift expenses, etc.). And as your business grows, tracking receipts can be a difficult task indeed. But, it’s getting easier with e-receipts. Want to go paperless? Read on for a […]
Read More How to Organize Receipts Electronically: Best Practices
When you start a business, you have to determine whether you are going to call the shots by yourself or have a co-owner. If you’re not too keen on the idea of running a business solo, you may consider starting a partnership. Find out how to form a partnership to get the ball rolling on […]
Read More Ready, Set, Go! Learn How to Form a Partnership Using These 10 Steps
Have you ever thought about giving back to the community? A nonprofit organization is a perfect way to do that. Nonprofit organizations further a social cause or provide a public benefit, like a hospital or a public school. There are several different types of nonprofit organizations to choose from. But before giving back to the […]
Read More Ready to Give Back? Learn How to Start a Nonprofit Organization
Florida’s beautiful beaches, booming economy, and status as a tax-friendly state make it an attractive spot for entrepreneurs. The Sunshine State even claimed the title of the third-best state to start a business in 2024.
Read More How to Start an LLC in Florida: Steps, Documents, & Beyond
The fact is, business owners should know a little about accounting. And yes, hiring an accounting professional is a tremendous help. But, what about the day-to-day cash flow of your business? What about invoicing, bill payments, data entry, and other accounting tasks? That’s where accounting software can help. So, how does accounting software work?
Read More Let’s Get Down to Brass Tacks. How Does Accounting Software Work?
Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more.
Read More What Is Quick Ratio? Learn How to Swiftly Calculate This Metric