Finances

Payroll liabilities are payroll-related fees your company owes. Learn payroll liability types, how they differ from payroll expenses, and how to pay them.

Understanding payroll taxes and deductions is critical for business owners. Learn how payroll taxes work and how to calculate payroll taxes.

Profit and net income are found on your company's income statement. Learn the difference between these financial terms and what they mean for your company.

Retro pay is when an employer makes up the difference between wages the employee should have been paid versus what the employee received.

Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.

No matter what type of taxes you need help preparing, it's crucial to choose the right business tax consultant – and one whose prices fit into your budget.

IRS audits are stressful and costly. Learn best practices and tips that will reduce your chances of getting audited by the IRS and help you stay compliant.

To start your business, you’ll need money and sometimes borrowing funds is fine. Without proper management and care, though, debt can become problematic.

Want to improve cash flow or look good in the eyes of the bank or investors? Here's how to strengthen your balance sheet.

The triple bottom line uses a sustainability-based accounting method that prioritizes people, profit and planet. Here's how businesses utilize it.

Equity compensation is a strategy used to improve a business’s cash flow. Instead of a full salary, the employee is given a partial stake in the company.

These are the most important steps you can take to prevent payroll discrepancies and, if they do occur, how to fix them.

Debt collection is the process of obtaining payment on a past-due account. Here's what to expect if you run into financial trouble.

Cash flow is critical for businesses, so managing it is key. Here's how to improve your business's cash flow situation.

Under the legislation, eligible employers can claim a refundable tax credit that is equal to 70 percent of the qualified wages they pay employees.

Night shift differential pay applies to employees who don't typically work night shifts. Learn how to calculate and apply night shift differential pay.

Here's a look at the business checking account fees you could face and how to avoid them.

Invoicing is crucial for small business cash flow. Learn how to create an effective professional invoice that increases the likelihood of timely payments.

Many businesses hire hourly employees with varying hours. Learn how to determine and calculate the average cost of an hourly employee to your business.

How do 1099-MISC and 1099-NEC tax forms differ? Learn the differences between 1099-MISC and 1099-NEC, which affect independent contractors and freelancers.

Businesses must file Form 941 quarterly to report the total taxes withheld from employees' paychecks. Here's everything you need to know about Form 941.

When a multiwage employee works overtime, which of their wage rates do you base their overtime rates? Blended overtime pay answers this question.

Farm equipment is costly, and for many in the agriculture industry, it's imperative to find affordable financing. Read our guide on farm equipment loans.

Choosing when to start a fiscal year may seem minor, but this step can hugely impact your business. Learn the factors that affect your fiscal year's start.