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 the IRS standard mileage rate?
The Internal Revenue Service issued the standard mileage rates to be used to calculate deductible costs of using a car for business, charitable, medical, or moving purposes.
November 13, 2023 · 2 min read
Getting paid faster with direct deposit authorization forms
The ability to have your paycheck deposited directly into your bank account may be one of technology's greatest achievements—and it's not even difficult to set up. Here's how.
November 8, 2023 · 3 min read
What's it worth? How to price your goods and services
Developing a pricing strategy for your product and service, goes beyond the cost of materials.
November 3, 2023 · 3 min read
Get a full picture of your business with a consolidated statement of income
A consolidated statement of income can be an extremely valuable financial report—not only for you, but for your business' investors as well.
November 3, 2023 · 2 min read
Profit and loss statements for self-employed individuals
You may not have to file a profit and loss statement for your business with any regulatory agency, but there are very good reasons for a self-employed individual to keep one. Here's how and why.
October 31, 2023 · 2 min read
Sweat equity and the S corporation
Sweat equity—in the form of valuable services—is a time-honored way to contribute capital to an S corporation. But be sure all agree on its actual value.
October 27, 2023 · 4 min read
Putting sweat equity into your business
Regardless of how you structure your business, you can use sweat equity to increase the value of your company and to attract new investors.
October 27, 2023 · 4 min read
Bootstrapping vs. equity financing
Both methods can get your business up and running. But which is best for your situation?
October 26, 2023 · 5 min read
Paying investors: How dividends work
Whether or not corporate shares will provide you with a steady stream of income depends on how well a company performs as well as the kind of stock you own. Are dividends the best choice for your particular financial situation?
October 25, 2023 · 3 min read
Why tax avoidance is perfectly legal
Tax avoidance is the use of legal methods to reduce the amount of tax owed. Who wouldn't want that?
October 16, 2023 · 3 min read