An income statement is one of the key financial statements that can help your business and budget and determine financial performance. Use this article to understand the components of an income statem…

The decisions you make between now and December 31 directly affect what you owe, what you can deduct, and how prepared you will be when filing deadlines begin to arrive in early 2027. This year-end bu…

While operating as an LLC can be a great business decision, you need to understand your state obligations during and after formation. Use this blog for step-by-step guidance on forming your Texas LLC,…

Imagine you're a freelance graphic designer and just put in a 50-hour week for four of your best clients. The money is good, but when it comes to health insurance, retirement savings, or any kind of p…

Without a W-9, businesses cannot accurately file a 1099 for a contractor or vendor. Use this article to understand the purpose of Form W-9 and help you determine whether you need one. We also include …

While the decision can sometimes be clear-cut, it can be a more difficult deliberation for many small businesses. Small business owners deciding between hiring a traditional employee and a 1099 indepe…

There's a lot to do when starting a new business which leaves little time for taxes. New business owners, freelancers, and first-time entrepreneurs can use this guide for a step-by-step path from choo…

One of the most important decisions you’ll make as a small business owner is determining the method and amount you’ll pay yourself. The law requires that you follow certain guidelines when it comes to…

Before you elect S corporation status, it's important to understand the amount of paperwork and the associated costs. Use this guide to understand how much it will cost to set up your S corp in New Yo…