If you’re a business owner, employer, or both, you need to know what’s going on in your state. There are many state tax systems that you must follow to remain compliant and avoid penalties. So, how can you possibly keep up? Brush up on the systems and your responsibilities below. 5 State tax systems If […]
The Secret to a Successful Startup? Focus on Accurate Financial Records
Studies show that many startups are not handling the financial side of business correctly. This is a big mistake that can hinder growth.
Keep Track of Your Giving Spirit With a Donation Expense Journal Entry
Did your business make a donation? Are you thinking about making one? If your business is in the giving spirit and donates to a nonprofit, you need to make a donation expense journal entry. The way you record a donation expense journal entry differs depending on the types of donations you give. So, what is […]
Looking For a Good Franchise Accountant? Here Are 15 Of The Top Firms.
2022 Franchise Supplier Rankings: Top Accounting Firms
Back it Up … What Is Backup Withholding, and Are My Contractors Subject to it?
When you pay an independent contractor, you don’t withhold taxes from their wages … or do you? In some cases, contractor wages are subject to backup withholding. So, what is backup withholding, and when do you need to do it? What is backup withholding? IRS backup withholding requires you to withhold tax from payments that […]
Crunching the Numbers: Setting up an Accounting System
Software is a popular type of accounting system you can use to streamline your bookkeeping process. Depending on the software you choose, you can save your time and money and focus on what matters—running your business. But first, you need to know about accounting software setup. Lucky for you, our guide makes setting up accounting […]
IRS Form W-9: 5 Burning Questions, Answered
Does your business hire independent contractors, gig workers, or freelancers? If so, congratulations—you get to learn the ins and outs of IRS Form W-9! So, what’s the scoop with the IRS W-9 form? What exactly is it used for? Who needs to fill one out? We have the answers to all of your burning questions […]
How to Master Bookkeeping for Your Business Without an Accounting Degree
If you loathe bookkeeping, you’re not alone. Many business owners dread this very necessary task, and it can be hard to learn if you’re unfamiliar with accounting — so here’s your guide.
How to Master Bookkeeping for Your Business Without an Accounting Degree
If you loathe bookkeeping, you’re not alone. Many business owners dread this very necessary task, and it can be hard to learn if you’re unfamiliar with accounting — so here’s your guide.
Has Your Business Been Hit Hard? 8 Tips on How to Solve Supply Chain Problems
First it was COVID shutdowns. Then it was the Ever Green wedged in the Suez Canal (remember that?). Now, it’s a national shortage of truck drivers, warehouse space, and shipping containers … and it’s impacting businesses nationwide. Close to 96% of small business owners report that supply chain disruptions have impacted their business. Has it […]