1-800Accountant Blog

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Business Entity: What is a Partnership?

Creating a partnership can be a great way to propel your small business. You should be aware of some things, such as the partnerships that you can form and the liability differences between the types.  What is a Partnership? A partnership is a relationship between two or more people that agree to conduct business together. […]

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Bookkeeping 101: What is a Chart of Accounts?

A chart of accounts is an excellent way for you to see your company’s finances. It provides small business owners with a strategy to see their transactions arranged in several categories. You should know a few things before creating a chart of accounts, especially if you’ll ever plan on adjusting it. Here is what you […]

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Bookkeeping 101: What Is a Balance Sheet?

A balance sheet is an essential tool for businesses of all sizes as it tracks how your business earns and spends money over a certain period. Your balance sheet also gives investors and potential investors insight into your company’s operations. Before you create your balance sheet, here are a few helpful things to know.  What […]

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Mileage Tracking Hacks for Rideshare Drivers

It’s not easy making a living in the gig economy. Rideshare drivers work hard for not great pay, so every little bit counts. Uber and Lyft take enough money out of your paycheck that you can’t afford to let taxes take any more.  Fortunately, there are many deductions available that rideshare drivers can use to […]

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What’s in the New $484 Billion Coronavirus Bill?

Recently, the House of Representatives passed a $484 billion bill to mitigate economic losses from the COVID-19 pandemic. The funding will provide relief in the form of economic stimulus for hospitals and small businesses. It’s also expected that Congress will pass bills to stimulate the economy in the coming weeks and months. Further updates about […]

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Express Bridge Loan Pilot Program: What Should I Know?

With the coronavirus still raging through the United States, the SBA continues to accept loan applications from small businesses affected by the pandemic. Not only did the government provide additional funding to disaster loans such as the PPP and EIDLs, but there’s also still funding for the Express Bridge Loan (EBL) Pilot Program, designed to provide immediate […]

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File or Extend: A Complete List of 2020 Tax Deadlines

Understanding your tax requirements as a small business owner or individual is tricky and challenging at the best of times. There are so many moving pieces and requirements – all due on different days – that it can be hard to keep it all straight!  However, there are few things more important for the long-term […]

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Finding Insurance for an LLC or S-Corp

When starting a new business, there always seem to be a thousand and one tasks to complete and accounts to set up. But, one of the very first considerations to focus on is insurance coverage, so that you can protect all of your hard work.  At the very least, liability claims are a risk every […]

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Why Does my Small Business Need a Registered Agent?

Regardless of how large your business has grown, or if you’re just starting out, everyone needs a few talented human resources. A bookkeeper, someone familiar with taxes in your state, and a registered agent. What is a Registered Agent? A registered agent is an individual (or a company) that’s your official point of contact with […]

different-types-accounting

What Are the Different Types of Accounting?

If you ask small business owners to identify the different accounting types, they’ll more than likely name the two accounting methods they use to operate their business: cash or accrual accounting.  They might not realize that these are just the primary accounting methods in one broader type of accounting – management accounting. There are numerous […]