Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
how-much-does-a-bookkeeper-cost

How Much Does A Bookkeeper Cost?

Of all the financial tasks small business owners must address, bookkeeping might be one of the most consequential and time-consuming. Do your books right, and you’ll gain important insights into your finances that will help you make critical, time-sensitive business decisions. Do them wrong, and it might hinder your ability to compete in the marketplace […]

buying-out-a-business-partner

Buying Out a Partner in a Small Business

Business partnerships always begin with good intentions. Two friends, two family members, or two co-workers have a great business idea, each person brings something valuable to the table, and “Voilà!” You have yourself a business that will hopefully last a lifetime! With partnerships, though, there will come a point in time when one of the […]

taxes-sole-proprietorships

Sole Proprietorship Taxes: A Helpful Guide

It’s an understatement to say that small business owners, especially new ones, have a lot on their plates. From marketing and team supervision to managing payroll and bookkeeping, there’s much to take on. However, one of the most important things a small business owner does is ensure their taxes are paid accurately on time every […]

r-d-tax-credit-everything-to-know

R&D Tax Credit: Everything Business Owners Need to Know

The government encourages private-sector innovation by offering incentives, such as the federal research and development (R&D) tax credit, to businesses that invest in qualified research activities. While this credit used to be aimed at corporations with seemingly endless budgets, that is no longer the case. Now, this credit is available to medium and small businesses […]

all-about-form-w-9

All About Form W-9: What It Is and How to File

Whether you’re a freelancer or a small business owner, running a business means navigating complicated paperwork. Accurate and timely tax compliance is critical to smooth operations. Independent contractors and businesses paying non-employee compensation should understand the reporting requirements.  IRS Form W-9 is an informational form for recipients of numerous types of income, including non-employee wages. […]

tax-strategies-self-employed-v-small-business-owners

Tax Season Strategies: Self-Employed vs. Small Business Owners

The business status of “self-employed” and “small business ownership” are sometimes used interchangeably and usually indicate you’re your own boss. While certain aspects, such as business model or eligible tax deductions, intersect, they are separate types of entities from a tax standpoint. Use this blog to determine what each status indicates and their tax implications […]

small-business-tax-credits

Small Business Tax Credits: How to Take Advantage of Available Incentives

When you started your business, you probably weren’t thinking about full-time employees, tax bills and tax brackets, business expenses, or working with CPA tax professionals during tax season. Tax credits weren’t on your mind, either, which is understandable. But now that you’re up and running, it’s important to learn which credits your business is eligible […]