Accounting, Bookkeeping, & Tax Blog

A clear view of net income enables a business to transition from simply operating to strategically thriving. In this net income guide, we explore what net [...]

Owner’s equity is the difference between what your business owns and what it owes. It is also a snapshot of your company’s net worth and a powerful tool fo [...]

Whether you manage a single property or a portfolio, every landlord should have a foundational understanding of rental income, associated taxes, and strate [...]

LLC owners can opt to be taxed in different ways, and each tax structure has its own set of rules. Owner’s draws, guaranteed payments, salaries, and distri [...]

A well-prepared SOE helps you show lenders and other stakeholders that your business is financially stable, empowers you to attract investors, and to make [...]

Understanding and accurately calculating operating income is crucial for making sound financial decisions and maintaining long-term business health. This m [...]

Debits and credits form the language of accounting, serving as the foundation of the double-entry bookkeeping (also known as double-entry accounting) syste [...]

For small business owners, understanding tax evasion penalties can mean the difference between growth and devastating financial setbacks that disrupt your [...]

Running a small business comes with a big to-do list, and financial management sits squarely at the top. A natural question arises for many small business [...]