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.
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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?
· 3 min read
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Net Working Capital Formula
A simple formula allows your business to calculate net working capital, a key measure of short-term financial health.
· 3 min read
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What Is Straight Line Depreciation?
How do you calculate straight line depreciation? What are the pros and cons of straight line depreciation versus accelerated depreciation methods? Here's how you can decide if straight line depreciation is right for your business.
· 3 min read
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How to Make a Cash Flow Statement
In a perfect world, you'd always have more money flowing into your business than flowing out. But many businesses face cash shortages from time to time. That's when knowing how to make a cash flow statement comes in handy.
· 4 min read
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What to Do if Your Business Is Audited
Help! Your business is under audit. The word 'audit' tends to trigger panic among business owners but be prepared and stay calm. It's likely not as bad as you think.
· 3 min read
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What's the Difference Between Tax Fraud and Negligence?
Mistakes are a fact of life, even mistakes on taxes. The line between careless mistakes and tax evasion or tax fraud is sometimes blurry, but it's a line you don't want to cross. When does a mistake become tax fraud in the eyes of the IRS?
· 3 min read
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Does Your Business Need Tax Preparation Services?
You may not think it's hard to prepare and file your tax returns yourself. But you may be missing opportunities. Small business owners can save time, money, and potential legal problems by engaging a professional.
· 3 min read
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Internet Sales Tax: What E-Commerce Small Businesses Should Know
Small businesses with an e-commerce presence may be responsible for collecting and remitting sales tax to several states.
· 3 min read
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Balance Sheet vs. Income Statement: Which One Should I Use?
The right financial statement to use will always depend on the decision you're facing and the type of information you need in order to make that decision.
· 3 min read
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Consolidated Financial Statements vs. Combined Financial Statements: Which Should I Use for My Business?
Consolidated and combined financial statements are two different types of statements that help the public know whether it's worth investing in your company. Learn the difference between these statements and why you would pick one over the other.
· 3 min read
