There are many aspects of opening a new business that require thought and analysis. One of these is to choose the right type of business entity for your company. The business entity you choose will affect the amount of taxes your business will pay, among other things. This is why it is crucial to talk […]
Choosing the Right Business Entity for Tax Purposes Read More »
Having a business will not happen with just a snap of your finger. There are many things you need to take care of, especially with financial matters. You need to understand and complete a variety of business functions and documents to make your business come to life. That’s why you need to have a clear
Importance of Accounting When Starting a Business: A Guide Read More »
Merger and acquisition (M&A) is like getting into a marriage. Why? Both parties should take time to get to know one another, explore the risks of partnering together, and make an effort to create a relationship. One of the things you need to prepare when you’re about to enter an M&A are your books to
Bookkeeping in a Merger and Acquisition Partnership Read More »
It’s no surprise that millions of Americans experienced massive losses due to the effects of the COVID-19 pandemic. Besides being a health risk for individual workers and common citizens, the pandemic’s impact on the economy led to businesses and whole industries shutting down. Thankfully, the United States Congress, spearheaded by POTUS Joe Biden, enacted the
An Overview of the American Rescue Plan Act’s Tax Provisions Read More »
A small business owner often has plenty of things on his plates. Often, owners have so many tactical decisions to make that they miss the forest for the trees, focusing on short-term concerns and neglecting factors that drive broader trends in their business. For example, it is easy to set aside financial reports when you
5 Numbers a First-Time Business Owner Must Always Monitor Read More »
Looking at balance sheets and knowing how to interpret them is a required skill for any business owner. It’s what gives you a quick view of your business’s financial standing even without the help of accounting services or a bookkeeper. Without a balance sheet, business owners will be grasping at straws, and accountants won’t be
Balance Sheets: What They Are and Why They’re Important Read More »
Fulfilling your tax obligations is part of doing business. Since it concerns your hard-earned money, the last thing you want to do is give more of your business income to the government. The good news is that there are many strategies to reduce your taxable liability. Here are some tax saving tips that can help
4 Effective Tax Saving Tips [A Guide for Business Owners] Read More »
The end of the year is approaching, and during these times, entrepreneurs should be preparing for the biggest sale season coming: the holiday and end-of-year sale! Despite the many problems arising in the world today, the online shopping industry just gets better because of the high demand, and that is one fact every business should
Here Is Why a Bookkeeper Is a Necessity for Every Business Read More »
An accountant plays one of the most vital roles in a company. Without them, your company’s financial information will not be compiled, translated, and recorded to sustain your good business standing and financial health. As a small business owner, you’re still probably learning about your accountant’s primary responsibilities. Perhaps you fulfill the role yourself since
The Job of Accountants: A Guide for Small Business Owners Read More »
As you launch your small business, you may encounter a slew of processes involving financial woes. Not everyone is aware of how to deal with it or how to process these business necessities. If you enjoy doing it, you may end up working on it yourself. However, you do always have extra time at hand for
Do I Need an Accountant for My Small Business? Read More »
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