Accounting, Bookkeeping, & Tax Blog

The QBI deduction, also known as the Section 199A deduction, allows eligible small business owners to deduct up to 20% of their qualified business income o [...]

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 [...]

Outsourced bookkeeping saves time and keeps you compliant while generating important insights that aid in informed decisions about your business. These ser [...]

Choosing the right entity for your business isn't easy, as confusion surrounds each option and the long-term impact on numerous aspects of your business. I [...]

Both a sole proprietorship and an LLC offer distinct advantages and disadvantages. These will vary depending on your specific business needs and long-term [...]

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 [...]

Running a successful beauty business requires more than just talent with scissors and styling tools—it demands smart financial management that maximizes ev [...]