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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...
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...
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...
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 — ...
How to Calculate Retained Earnings + Examples
Your business might not be profitable in its formative years, leaving you with no option but to push...
Your Simple Guide to Debits and Credits + Examples
Most people know that debit cards let you spend out of a checking account, while credit cards let yo...
Advantages of Using an Accounting Software
Still using a shoebox and notebook approach to accounting? Accounting software provides a way for yo...
What is an EIN Number?
Employer Identification Number (EIN) is one of the crucial things you need to know and understand we...
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...
What is a Journal Entry in Accounting?
A journal entry is the first stage of the accounting process. Its purpose is to record a business tr...
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 ...
6 Most Important Small Business Accounting Tips
Most successful small businesses have one thing in common. Their accounting records are error-free a...
A Business Owner's Guide to Accounting Methods
Tracking your revenues and earnings is one of the most important functions of operating your busines...
5 Reasons Why Cloud Accounting is Leading the Way
The accounting industry has changed quite a bit over the past decade. Thanks to cloud-based technolo...
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