1-800Accountant Blog

small-business-payroll

Paying Employees: How to Run Payroll for Your Small Business

If you want your small business to grow, you’re going to need to find employees you can trust to work with you. You can’t carry an expanding business alone! Hiring an employee is an opportunity to expand your team and invite others into your vision.  While hiring employees lets you share the responsibilities of your […]

financial-statements

Types of Financial Statements for Small Businesses

Financial statements serve several purposes for small businesses. While there is more than one financial statement, you may not know which is most appropriate to use for your specific financial calculation. There are also a few limitations to be aware of as well. Here’s an overview of financial statements and the types of financial statements […]

cash-flow-statement

Cash Flow Statement: What It Is and How to Make One

You might be able to start a business with nothing but a good idea and the determination to see it through. Keeping a business running, however, requires a little more in the way of planning and coordination.  Maintaining the health of a business and creating sustainable growth requires careful financial management. You have to spend […]

new-stimulus-bill

What’s Included in the New Stimulus Bill?

The third stimulus bill is undergoing modifications with a Senate vote pending. While the next stimulus bill has yet to become law, there are dozens of ways it could improve your quality of life. As the nation continues to suffer the effects of COVID-19’s economic losses, many look forward to the next stimulus bill’s passage. […]

truck-driver-tax-deductions

Savings on the Road: Tax Deductions for Truck Drivers

While many truck drivers work hard throughout the year, their work becomes most apparent during tax season. Truck drivers may be eligible to save when it is time to file taxes. There are some exceptions to savings applicable to truck drivers and limits to how much you can save. Here is what you should know […]

invoice

6 Things Small Businesses Need to Know About Invoices

There are few documents more critical to small businesses than the invoice. Business owners will have difficulty running their business and making a profit without considering their invoicing system, especially if they offer a service.  A company’s invoicing system serves as a tool to record how the revenue is appropriately collected in a small business […]

trucker-taxes-excise-tax

Taxes for Truckers: How to Handle Excise Tax

If you drive trucks, sell trucks, or run any trucking-related business, you need to be familiar with all the taxes and fees associated with trucks. For truckers just starting, you may need to budget for these tax responsibilities ahead of time.  Truck drivers who drive big rigs on the highway have to pay the Heavy Highway […]

maximize-small-business-tax-deductions

6 Steps to Take to Maximize Your 2020 Tax Deductions

There are many different ways to save money as a taxpayer. Recognizing which credits and deductions you are eligible to claim may be the most important.  Tax deductions and credits can make a huge difference on your tax return and leave you with much more money to use, save, or invest. Tax deductions work by reducing […]

bookkeeper-vs-diy

Pros and Cons of Bookkeepers vs the DIY Method

Bookkeeping is one of the most important aspects of any small business. It is also important that you know the process, whether you work with a bookkeeper or do it yourself.  There are pros and cons to each, and there are also things that you should know too. Here is what you should know about […]

what-is-accounts-receivable

Bookkeeping 101: What is Accounts Receivable?

Accounts receivable are an essential aspect of your business’s finances. Accounts receivable are legally enforceable claims for payment held by a company for goods supplied or services rendered that customers/clients have ordered, but haven’t yet been paid for. What is Accounts Receivable? Accounts receivable is goods, money, or services owed to a business. Accounts receivable […]