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The income statement, which tracks your revenue after expenses, paints a picture of how your business is performing over a period of time.
Taxes can be difficult to navigate, but it's well worth the effort. To help you maximize the deductions and benefits you're entitled to, we've put together this list of self-employed tax deductions.
Bookkeeping isn't the most compelling aspect of running your business, and 2020 might have put you further behind. Here's how to make good accounting habits and stay on top of your finances this year.
The statement of shareholder equity tells you the value of a business after investors and stockholders are paid out.
Getting audited by the IRS can be a stressful and, ultimately, costly event. To help avoid that scenario, we've collected 19 tips to avoid being targeted by the IRS.
If your employees use a business car or travel around in their own vehicle for work, you need to know how to track and manage the mileage tax deduction.
Here are nine suggestions to help you turn around your business if you're struggling with SBA loan default.
Using double-entry accounting can provide a complete picture of your business's finance at any given moment.
Methods of calculating and tracking your inventory
You can borrow from your 401(k), but is it the best solution to your money problems?
Here's how to understand if your business's growth is profitable.
Even if it isn't your forte, you still need to know the basics of accounting to ensure your business is being run right. Here are 11 accounting tips all small business owners should follow.
Your business's books don't have to be such an annoyance.
Knowing how to save money when running a small business is essential if you want to be profitable or expand. Simple choices such as using certain instruments, software apps or automated tasks can...
The SBA and USDA offer loans to assist entrepreneurs and business owners who need funding.
Small business owners face a number of challenges every day, and accounting is a big one.
Every accountant should offer their clients these 11 tips.
These are the most important features accountants should look for in payroll software.
When you need a loan for your business, potential lenders may ask to see your audited financial statement. Learn what this is and why lenders want to see it before they approve your business loan.
Failing to have a firm grasp on your business's financial status can significantly hamper your ability to grow. Here are seven accounting mistakes to avoid.
Creating a business budget for the new year is challenging when it's not clear when the pandemic will end. Here's how to budget for an uncertain 2021.
Financing can accelerate any business's growth, but it's vital to approach it properly.
Tax season can be a very stressful time, but by folding tax planning into your business strategy, you can quickly and efficiently process your taxes.
More than 5 million businesses have received COVID relief funds. It's important to keep loan forgiveness in mind from the moment you receive your funds to avoid unforeseen costs.
Businesses in 19 states could be eligible for the Employee Retention Credit (ERC), which was designed to help businesses recover the cost of retaining employees during a natural disaster.
Looking to increase your small business market share? Find out how to calculate and improve your share of the market.