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Do you know if you should be taking deductions from your employees before taxes are taken out or after? Employers can initiate pre-tax or after-tax deductions as a part of their benefits. Find out what kind of after-tax deductions there are. Read More

Having a firm understanding of your company’s balance sheet is an important part of being a successful entrepreneur (even if you don’t like accounting). This article breaks down the important parts of a balance sheet for those non-accountant entrepreneurs. Read More

If you have tipped employees, you know that their hourly wage is supplemented by earned tips. Did you know that there are two different ways to handle tipped employees for the IRS? This article details "reported tips" and how your small business should handle payroll for the employee to stay compli Read More

On of the first official steps to starting your own business is to apply for an EIN. This may be a scary process for some startups who don't know where to begin. So what is the best way to get an EIN? We've got the answers. Read More

With all of the hype about bitcoins being the next big thing, should you consider offering them to your employees for your small business payroll? This article covers what a small business employer needs to know. Read More

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