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Sole proprietorships are the most common type of small business structure. A sole proprietorship is perfect for the owner who wants full control of their business. However, there are some specific regulations and taxes that apply to sole proprietorships. Before… Read More
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Understanding the Types of Business Structures
One of the first decisions you will make as a small business owner is your choice of business structure. How you decide to label your business will affect your day-to-day business operations, how much you pay in taxes, and the… Read More
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What Double Taxation Is And How to Avoid It
If you designate your business as a corporation, you should know about double taxation. Corporations and their shareholders are different than other business structures, which makes them subject to double taxation. Read on to discover precisely what double taxation is,… Read More
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How To Start Accepting Mobile Payments For Your Business
Accepting mobile credit card payments is becoming more popular in businesses of all sizes, as it makes it easier for customers to purchase products or services from their phones. If you’ve decided that accepting mobile payments is the right choice… Read More
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What Is An Accounting Consultant?
Your small business is growing and thriving, but you are so busy doing the daily work that you don’t have time to track metrics and crunch numbers. When your business needs accounting help, there are a lot of professionals you… Read More
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Pros and Cons of 4 Payroll Schedules and How To Choose The Right One For Your Business
The most common payroll schedules in the U.S. are weekly, biweekly, semimonthly, and monthly pay periods. While it may not seem like such a big decision, the choice is crucial to your business, as it could mean the difference between… Read More
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4 Important Financial Performance Metrics For Evaluating Your Business
When you’re running a business, you likely are putting your heart and soul into it every day. You are passionate about the product, service, or idea you’re promoting and it shows. But the bottom line is if you’re not having… Read More
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When Is A Good Time To Conduct An Internal Audit In Your Business?
When was the last time you took a hard look at your business’s internal accounting? While your first thought might be of the IRS; performing an internal audit is one of the best things you can do to ensure your… Read More
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3 Signs That You Need To Update Your Business’s Accounting Software
As your business grows, you will likely find that your accounting system is no longer keeping up with your financial management needs. As business needs increase, owners should start to consider hiring an outsourced accounting and bookkeeping provider to supply… Read More
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Top 10 Small Business Accounting Tips To Keep Your Financials In Order (Part 2)
Last week we started sharing a series of tips to help keep your small businesses accounting under wraps. Keeping track of your financial situation is an essential part of making sure your business stays on track. Not only do you… Read More