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What is Accounting and Why is it Important?

Every small business needs to maintain accurate and up-to-date accounting records. Tracking your financial transactions allows you to monitor your company’s performance, keep tabs on your ca...
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7 Good Ways to Use Debt In Your Business

Many small business owners feel uneasy about taking on any debt. It makes sense — too much debt can ...
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Cash Basis Accounting vs. Accrual Basis Accounting

Cash basis accounting and accrual basis accounting are two methods used by businesses to record fina...
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Your Quick Guide to Business Structures

Once you get your business up and running, you’ll quickly discover a world of legal matters you have...
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Business Valuations: A Quick Guide

As a small business owner, you’re in a unique position. Your most valuable asset isn’t likely to be ...
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What is Fair Market Value and How Do You Calculate It?

A significant part of running a business is knowing the dollar amount your company owns in assets — ...
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Advantages of Using an Accounting Software

Still using a shoebox and notebook approach to accounting? Accounting software provides a way for yo...
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How to Calculate Straight Line Depreciation (Formula)

From buildings to machines, equipment and tools, every business will have one or more fixed assets l...
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What is an EIN Number?

Employer Identification Number (EIN) is one of the crucial things you need to know and understand we...
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What is IRS Form 1040?

As a business owner or employee in the United States, calculating, deducting, and paying tax is a ma...
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What is Payroll Tax and How is it Calculated?

Payroll tax is a percentage of an employee's salary paid to the government to fund social insurance ...
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The 7 Most Common Accounting Mistakes Entrepreneurs Make

Statistically, your business is more likely to fail than flourish. If you are in business or looking...
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What is a W-9 Form and Why You Need To Fill It Out

Form W 9 is an IRS form used by businesses to request independent contractors and freelance workers ...
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A Business Owner's Guide to Accounting Methods

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