Nearly 80% of small businesses have and use credit cards for business purposes. If you’re part of this majority, you’ll receive a credit card statement each month.
Read More How to Read a Credit Card Statement [+ Example]
March 6, 2025
Accounting Articles
Accounting Tips, Training, and News
March 5, 2025
What Are the Three Golden Rules of Accounting?
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 What Are the Three Golden Rules of Accounting?
March 4, 2025
Form 3115: Changing Your Accounting Method
As a business owner, you’re responsible for keeping your business’s books in shipshape. To do that, you need to choose an accounting method and stick with it. But as your small business grows, you might need to change your accounting method. You can do this with Form 3115.
Read More Form 3115: Changing Your Accounting Method
March 4, 2025
Pros and Cons of Cash-basis Accounting
Choosing your accounting method is the first step in handling your company’s books. If you’re a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.
Read More Pros and Cons of Cash-basis Accounting
March 4, 2025
Throwback Rule: Does Your State Have a Throwout or Throwback Rule for Corporations?
When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type of business structure, you might be subject to different types of laws, such as the throwback rule.
Read More Throwback Rule: Does Your State Have a Throwout or Throwback Rule for Corporations?
March 3, 2025
Business Mileage Deduction 101
Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS.
Read More Business Mileage Deduction 101
March 3, 2025
What to Do If You Receive an IRS Notice (Besides Panic)
Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice.
Read More What to Do If You Receive an IRS Notice (Besides Panic)
February 28, 2025
2025 Common Tax Scams: IRS “Dirty Dozen” Highlights
Tax scams are afoot in 2025. Are you prepared? The IRS compiles an annual list of common scams known as the “Dirty Dozen” list to help taxpayers navigate threats.
Read More 2025 Common Tax Scams: IRS “Dirty Dozen” Highlights
February 28, 2025
Invoice Generators: A Guide on How To Make an Invoice
For many businesses, invoicing customers is how you get paid. But manual invoicing processes can be time-consuming, and invoices can look unprofessional. Invoice generators streamline the essential invoicing process, which can speed up how quickly you get paid.
Read More Invoice Generators: A Guide on How To Make an Invoice
February 27, 2025
The Difference Between Gross Profit vs. Net Profit
Calculating your business profits shows you how much money your company brings in. But, not all profit data is the same. There are two types of profit you should understand and use to measure your financial health: gross profit and net profit. What’s the difference between gross profit vs. net profit?
Read More The Difference Between Gross Profit vs. Net Profit