Part of your title as “employer” also includes “payroll processor.” When you hire employees, you have to add them to payroll, withhold the proper taxes, and pay employees. It’s all part of the job. But if you’re new to this employer role, you may not be exactly sure how to process payroll. We’ve written down […]
Read More How to Process Payroll in 8 Straightforward StepsMaria Tanski-Phillips
What’re Your Business’s State Tax Obligations?
As a business owner, you’re responsible for a number of taxes. Some may be federal or local, while others are state taxes. So, what are the types of state tax obligations you need to keep on your radar?
Read More What’re Your Business’s State Tax Obligations?How to Get a Business Credit Card in 5 Simple Steps
Chances are, you likely have applied for a credit card to help pay off personal expenses and build credit. But, have you gotten a business credit card yet? If not, it’s time to learn how to get a business credit card.
Read More How to Get a Business Credit Card in 5 Simple StepsS Corp vs. LLC: Which Is Better for Your Business?
When you start a company, there are several business structures. Two popular types of business structures are an S corporation and LLC. Are you choosing between these structures? Find out the key differences between S Corp vs. LLC and learn which is best for you.
Read More S Corp vs. LLC: Which Is Better for Your Business?What You Need to Know About the Washington D.C. Paid Family Leave Program
States like New York, California, and Massachusetts have paid family leave programs so employees can take paid time off for medical and family issues. Along with a number of states, Washington D.C. also started a PFL program in 2019.
Read More What You Need to Know About the Washington D.C. Paid Family Leave ProgramReal Accounts: What to Know About These Permanent Accounts
In accounting, you deal with a variety of accounts to balance and organize your books. One type of account you will likely run into is a real account.
Read More Real Accounts: What to Know About These Permanent AccountsHow to Calculate Total Revenue in Accounting [With Examples]
Keeping an eye on your business’s finances is oh-so-important if you want your company to thrive and grow. This includes monitoring your financial statements and calculating financial figures, such as total revenue. Get the lowdown on how to calculate total revenue and ways to use it to benefit your business.
Read More How to Calculate Total Revenue in Accounting [With Examples]How to Manage and Record Cash Receipts in Your Small Business
If you’re a small business owner, you likely receive cash payments from your customers. And if you receive cash payments, you need to know about recording cash receipts in your books. So, how do you record cash receipts?
Read More How to Manage and Record Cash Receipts in Your Small BusinessTypes of Audits: Breaking Down 9 Different Audits
As a small business owner, you need to conduct regular audits to ensure your records are accurate. Although many business owners dislike the idea of auditing, audits can be beneficial to your company. Learn more about the different types of audit below.
Read More Types of Audits: Breaking Down 9 Different AuditsGolden Rules of Accounting: The Three Rules You Should Always Follow
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]
Read More Golden Rules of Accounting: The Three Rules You Should Always Follow