Accounting, Bookkeeping, & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

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S Corp Bonus vs Distribution: How to Pay Yourself

AccountingSmall Business

As an S corp owner, it's essential to master the art of paying yourself properly. Should that extra cash hit your personal bank account as an S corp shareholder bonus or as a distribution? That single…

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Free General Ledger Template for Small Businesses

AccountingSmall Business

A general ledger is one of the most essential tools for tracking your business’s financial health, yet many entrepreneurs overlook it until issues occur. Whether you’re a freelancer, startup founder, …

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Can You Write off a Leased Car? Your Tax Questions Answered

Taxes

Deductions are available if you drive for a living or use your vehicle to support your small business. But what if you don't own the vehicle you operate— are self-employed individuals and other entrep…