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At what point should you hire an accountant to take care of your small business finances? This article give a good overview of when to let the professionals take over. Read More

Small business owners looking for a good way to keep track of their business finances should consider the cash basis accounting system. Here is why Read More

Doing a balance sheet may seem difficult to the average small business owner, but there are some very real benefits on why you should do one. Read More

Self-employment is part of the American dream for many. To do what you love and get paid for it can be incredibly rewarding if handled properly. However, one of the factors that needs to be considered is self-employment tax — which is a necessary evil when you are doing what you love! Read More

As an owner of a small business, your understanding of the Profit and Loss Statement, or P&L, is absolutely crucial. The P&L is an important tool for all small business owners to possess, utilize, and maintain on a regular basis.

By the end of this article, you should begin to comprehend how abs Read More

Accounting is and always will be a critical function of the savvy business owner, but accounting doesn’t have to be a nightmare or something to dread. It just takes a little perseverance and planning to ensure that your records are as accurate and complete as possible. Read More

We all know that payroll can be one of the biggest expenses a small business has to meet … but how expensive is it really? The Bureau of Labor Statistics answers that question in their 24-page report (Employer Costs for Employee Compensation – March 2014). We have taken some highlights from the rep Read More

You know your business, but payroll? Eh, maybe not so much.Better to find mistakes you are making now before the IRS tells you about it. Here is a quick true or false quiz to test your payroll knowledge. Read More

New proposed laws for white-collar exemption are pending and will affect your payroll cost. President Obama has recently signed a memorandum to revise the outdated FSLA law. Here's what you need to know. Read More

According to Internal Revenue Service (IRS) requirements, annual testing of 401(k) plans is mandatory. But what that does and what an employer needs to do may be confusing. This article breaks it down and will give you a clear understanding if your small business is following the IRS requirements. Read More