Compare accrual vs. cash basis accounting so you can choose the best method for tracking your business income and expenses.
Accounting for Small Business
What Is the American Rescue Plan?
What is the American Rescue Plan? Learn more about this bill and new tax credits for employers, such as paid leave for employee vaccinations.
What Is a Write-Down in Accounting?
What is a write-down? It’s an accounting tool used when assets lose their value. How does it work? Let’s find out.
A Guide to Inventory Depreciation for Small Business Owners
Inventory depreciation is part of running a business. Here’s how the inventory tax rules work.
5 Questions to Ask an Accountant Before Hiring One
Accountants can help you with your taxes, but they can be so much more. Here are five questions to ask an accountant before you hire one.
Understanding Net Operating Loss Carryforward and Carryback
Even if your business took a loss, you could still get a tax break through the net operating loss carryforward or carryback deduction. Here’s how it works.
Can I Borrow Money From My LLC?
How can I borrow money from my LLC and not be subject to tax penalties? We break it down.
How to File Self-Employment Taxes in 5 Easy Steps
As a business owner, you might have to pay self-employment taxes. Here are the rules about and how to file self-employment taxes.
How Your Debt-to-Capital Ratio Helps in Financing Decisions
Understanding your debt-to-capital ratio makes it easier to monitor the financial health of your business. Here’s how to calculate and use it.
What Is Working Capital Management?
Business owners can use working capital management techniques to ensure that their businesses are liquid enoughto meet day-to-day expenses.