Using a structured expense report template is one of the simplest ways to strengthen financial organization in your business, helping you gain clarity and insight. It prepares you for tax season, supp…

As your business grows, your taxes become increasingly complex. Avoid the headache of complicated calculations and worrying about errors on your tax return by outsourcing your tax preparation to a pro…

Take the first step to streamlining your billing process with this free downloadable contracting invoice template explicitly designed for small businesses, freelancers, and contractors, courtesy of 1-…

This step-by-step guide walks you through setting up bookkeeping for your new business. Whether you plan to handle bookkeeping yourself or rely on a professional, understanding the basics will help yo…

The 2026 tax year is already seen as a significant turning point in small business taxation. This is because federal tax laws passed in 2025 are now permanent, bringing long-term changes that will dir…

For many California-based business owners and entrepreneurs, the tax savings and liability protection of an S corporation have made this entity a popular choice. However, an S corporation alone won't …

If your business qualifies, it's important to take advantage of the special depreciation for qualified production property. While rules haven't been finalized, the IRS's interim guidance indicates tha…

Whether you're the purchaser or seller, it's essential to accurately prepare IRS Form 8594 while avoiding pitfalls that can attract IRS scrutiny. Both the buyer and the seller of the business must sub…

Michael Kincannon loves driving. While working as an Uber driver for over 3 years, Kincannon discovered that life on the road was therapeutic for him. So he decided to take it to the next level and st…