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Accounting, Bookkeeping, & Tax Blog
Your small business resource for accounting, bookkeeping, and taxes from our experts.
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 [...]
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 [...]
For small business owners, understanding tax evasion penalties can mean the difference between growth and devastating financial setbacks that disrupt your [...]