If you run a farming business, calculating your profits and losses (P&L) for the year can be difficult. The good news is that the Schedule F, Profit or Loss for Farming, can help you understand your P&L. If you operate a farming business, you must file a Schedule F. But what is a schedule F […]
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Guest Author:
Andrew Freiman
To Keep or Not to Keep? That Is the Accounting Records Question
As a business owner, accounting records must be at the top of your to-do list. Accounting records track transactions and help you understand the health of your business. What accounting records should you know about, and how long should you keep them? Read on for the scoop.
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What Is Split Payment: Definition, Types, and Benefits
Have you ever gone to a restaurant with friends and split the check at the end of the night? If you have, you’ve used a type of split payment. But, what is a split payment? Companies use split payments to make it easier for customers to pay for products or services. Read on to learn […]
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How to Improve Accounting Skills: Give Your Knowledge a Boost
A great accountant is always learning and improving their accounting skills. Having a growth mindset about your accounting knowledge and skill sets can help you keep up with client demands and attract new business. And if you want to keep up with the changing landscape of business and accounting, you have to enhance your skills […]
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Caught Red-handed: What to Do About Employee Fraud
No one wants to be the victim of employee fraud. But for small business owners, the chances of employee fraud are high. In fact, two-thirds of small businesses in the U.S. are victims of employee theft. The good news? You don’t have to be a victim.
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State Income Tax Exemption: Exempt or Not Exempt? That Is the Question
Most of us would agree with the following statement: Employee wages are taxed federally and at the state level. But this isn’t always the case. Some employees can state income tax exemption.
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Hiring a Contractor: Build it and They Will Come
As a small business owner, it’s your responsibility to know who’s the best person to hire for a job. Sometimes that means adding an employee to your roster. Other times, it means hiring a contractor. Hiring a contractor can help fill temporary or project-oriented positions. Read on to get the scoop on hiring independent contractors […]
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Why Does Payroll Take So Long? 5 Key Factors and Solutions
As a small business owner, you know things don’t always go according to plan when it comes to payroll. Mistakes happen, and even common payroll tasks can leave you scratching your head. And with mistakes and confusion, time can quickly add up. Have you ever found yourself wondering Why does payroll take so long? Keep […]
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Growing by the Numbers: Accounting Firm Growth Strategy
Any successful accounting firm has a growth strategy in place. You can’t afford not to. But, have you ever wondered if your accounting firm growth strategy is working? It’s always a good time to take your business expansion strategy back to the drawing board. We’ve put together a list of our top six tips for […]
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Travel for Work: Tips for When Employees Go on a Business Trip
As a business owner, traveling for work can be exciting. After all, what employee doesn’t like driving around town to meet daily business needs, or better yet, going to a new place and meeting new people? But, whether it’s in town or out of town, travel for work can also be time-consuming, complicated, and frustrating. […]
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