What is IRS Form 1040?

As a business owner or employee in the United States, calculating, deducting, and paying tax is a ma...

Owner’s Equity: What it is and How to Calculate it

Owner’s equity is the value you arrive at when your business’ liabilities are deducted from your bus...

A journal entry is the first stage of the accounting process. Its purpose is to record a business tr...

Payroll tax is a percentage of an employee's salary paid to the government to fund social insurance ...

Statistically, your business is more likely to fail than flourish. If you are in business or looking...

Form W 9 is an IRS form used by businesses to request independent contractors and freelance workers ...

Small business owners need to keep an eye on their income tax deadlines. It’s essential to file your...

FIFO and LIFO are two accounting methods for valuing inventory. FIFO is considered to be superior, b...

Monitoring your Cost Of Goods Sold or COGS can help improve your profitability. It’s also a tax-dedu...

Most successful small businesses have one thing in common. Their accounting records are error-free a...

If you're an entrepreneur, then you know that your business needs to stay floating no matter the cir...

Having a good understanding of business accounting is essential to run a successful company. Even wi...

Tracking your revenues and earnings is one of the most important functions of operating your busines...

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