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The difference between cash and accrual accounting is important to understand, whether you plan to handle your own financial statements, or hire an outside professional. Read on to understand the implications of using each accounting method.
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One of the most challenging hurdles that freelancers face is putting a price on their work. The goal of freelance pricing is to hone in on a number that covers your costs, values your time, and is workable for clients. Read More

As a business owner, it’s tempting to blur the lines between personal and business expenses; however, maintaining a distinct separation is one of the best ways to ensure long-term success and financial growth. Read on for a look at why it's so important to separate business and personal expenses.
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When most people think about bookkeeping and accounting, they would be hard-pressed to describe the differences between each process. In this article, the functional differences between accounting and bookkeeping are explained, as well as the differences between roles. Read More

Fostering loyalty amongst clients and customers is one of the best ways to secure repeat business. Fortunately, as a business owner you are able to deduct the cost of gifts purchased for clients (up to a limit), making generosity an even smarter choice. Read on for how the limit works, how to make Read More

When hiring workers for your business, there is an important designation to be made: is the worker an employee of your business or an independent contractor? Read on for a look at why this distinction is so crucial in the eyes of the IRS, as well as how to classify workers correctly. Read More

The world of entrepreneurship can be a very expensive place to live. Fortunately, there are tax breaks that can offset the investments you make to run your own business. Learn how to make the most of the home office deduction. Read More

Travelling frequently for work can mean a towering pile of receipts from transportation, hotels, and food. Read on for details on deducting business meals and entertainment, and how to go about claiming those costs. Read More

The downside of building a website is that good design and user-friendly sites often come with a pretty hefty price tag. Fortunately, there are significant tax breaks for software and promotional expenses that make investments in your business website an even better choice. Read on for the specifi Read More

Do you know if your business is ready for a CFO? Bringing one on can mean increased growth and a more thorough plan for the business's financial future. Not to mention, more hours in the day for you to focus on what you do best! Read on and learn whether your business is ready for this next step. Read More