Cash Basis Accounting vs. Accrual Basis Accounting

Cash basis accounting and accrual basis accounting are two methods used by businesses to record fina...

W-2 and W-4: What You Need To Know

The W-2 is a tax form that employers must submit to the IRS at the end of every year for each of the...

Contractor taxes work slightly differently than employee taxes. One of the main differences is the f...

As a small business owner, you’re in a unique position. Your most valuable asset isn’t likely to be ...

A significant part of running a business is knowing the dollar amount your company owns in assets — ...

Most people know that debit cards let you spend out of a checking account, while credit cards let yo...

Still using a shoebox and notebook approach to accounting? Accounting software provides a way for yo...

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 ...

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

Is your business growing faster than you can manage? Then an inventory management software should be...

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