Business Accounting

Keeping your books in order is key to running a successful business. Learn how to do it right with tips on managing debt, tax obligations, and more.

What Is FICA Tax? Understanding FICA for Small Business
Hiring your first employee? The FICA tax is one of several payroll taxes employers need to withhold and pay to the IRS.
January 18, 2024 · 3 min read
Small business filing requirement for employee healthcare: Form 1095-B
This form isn't required for all small businesses—just those that self-fund employee health coverage.
January 17, 2024 · 3 min read
What Is an Income Statement and How to Make One
An income statement is one of the four primary financial statements. It may go by other names, including the profit and loss statement or the statement of earnings. No matter the name, it's a measure of your company's performance.
January 17, 2024 · 4 min read
How to reconcile your bank statements
What is the best way to catch fraudulent or erroneous bank transactions? Proper bank statement reconciliations. Here's a step-by-step guide to help you reconcile your balance sheet cash account to your bank statement.
January 17, 2024 · 5 min read
What Is an Expense Report?
Businesses can use expense reports to claim valuable tax deductions and confirm that employee expense reimbursements are legitimate business expenses.
January 16, 2024 · 3 min read
Understanding the Fair Debt Collection Practices Act
Thanks to the federal Fair Debt Collection Practices Act (FDCPA), debt collectors must follow strict guidelines to collect outstanding money owed. Know your rights so you can protect yourself.
January 10, 2024 · 4 min read
Does your business owe back taxes? What to do if you cannot pay your tax liability
Resolving back taxes with the IRS is one of the best things you can do for your business ... and your stress levels.
December 11, 2023 · 4 min read
How to file business taxes for your small business
Entrepreneurship comes with many responsibilities—including filing business taxes. Here's what you need to know about tax filing for your small business.
December 6, 2023 · 3 min read
What Is Capital Expenditure?
Capital expenditure describes purchases that are classified as assets because of the long-term nature of their useful life. An important marker of business growth, CapEx has a significant impact on both short-term and long-term financial health.
December 4, 2023 · 3 min read
Trouble getting customers to pay?
For small business owners, deadbeat customers can be an ongoing challenge. Use these insider tips for getting your customers to pay.
November 30, 2023 · 2 min read