Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
what-is-form-1065

What is Form 1065?

Ensuring your business is firing on all cylinders and moving in the right direction can be incredibly challenging, especially when you have partners. That’s before you attempt to navigate mountains of complex financial work, including Form 1065 the US Return of Partnership Income, that can get in the way of building your business. If you […]

form-720-fill-out-process

Form 720: Who Needs to File It & When Is It Due?

Navigating the maze of federal tax requirements can be difficult for busy business owners, especially regarding indirect taxes such as excise taxes. If your business sells goods that qualify for the excise tax, you must understand the Internal Revenue Service (IRS) tax Form 720, the Quarterly Federal Excise Tax Return. In this article, we’ll explore […]

how-much-does-a-cpa-cost

How Much Does a CPA Cost?

There are numerous instances where a Certified Public Accountant (CPA) can help your small business. From tax preparation, advisory, submitting your quarterly estimated taxes to the IRS, and even bookkeeping services, a CPA can take on the difficult financial tasks that tie you up and slow you down. But not every CPA and CPA firm […]

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 […]

everything-need-know-adjusted-gross-income-tax-time

Adjusted Gross Income: What it is & How to Calculate

It is essential for taxpayers to understand Adjusted Gross Income, commonly called AGI, especially if you prepare and file your own business taxes. AGI significantly impacts your tax rate, tax payments, and potential refunds. If you don’t fully understand how taxable income is calculated, you could end up paying more or less than legally required. […]