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Category: Accounting


Accounting, Department management

Tracking Tax Write-Off Carryovers

March 11, 2024

Via: Small Business Trends

Due to various limitations on certain deductions and tax credits, you may not be able to use the full amount of a write-off in the year in which it arises. Instead, the unused amount may be carried forward and used […]


Accounting, Department management

How to Get a Tax Extension in 2024

March 6, 2024

Via: Small Business Trends

When the regular tax filing deadline of April 15 rolls around each year, it can be stressful and overwhelming for many taxpayers. You may need extra time to find out how to file self-employment taxes or simply gather important documents. […]


Accounting, Department management

IRS Issues Guidance on Emergency Savings Accounts for Employees

January 24, 2024

Via: Small Business Trends

The Internal Revenue Service (IRS) has released initial guidance to assist employers in implementing pension-linked emergency savings accounts (PLESAs). This development follows the authorization of PLESAs under the SECURE 2.0 Act of 2022, aimed at encouraging employees to save for […]


Accounting, Department management

Form 1099 Rules for Employers

December 28, 2023

Via: Small Business Trends

What is a 1099 form, and how is it used? Most U.S.-based business owners have issued 1099 tax forms to independent contractors, keeping them in compliance with the Internal Revenue Service. But there are several other scenarios where a small […]


Accounting, Department management

The Accounting Cycle For Startups & Small Businesses

November 15, 2023

Via: Small Biz Club

Navigating the financial landscape can be a challenge, especially if you’re setting up your first startup or running a small business. Among the many tasks that demand your attention, understanding and managing the accounting cycle stands out as critical and […]


Accounting, Department management

IRS Reminds Small Business Owners Q3 Tax Payments Due by September 15, 2023

September 12, 2023

Via: Small Business Trends

In a timely reminder from the Internal Revenue Service (IRS), taxpayers, especially small business owners such as gig workers, sole proprietors, retirees, partners, and S corporation shareholders, are urged to ensure they meet the third quarter tax payment deadline of […]


Accounting, Department management

Are You Protecting your Brand with a Federal Trademark? Here’s How to Get Started

July 27, 2023

Via: Entrepreneur

Abrand is the mental or emotional image of your business or product that automatically appears when someone sees your company’s name, slogan or logo. It’s your business’s personality or reputation, and it’s critical that an owner holistically and methodically builds […]


Accounting, Department management, General organization management, Systems management

The Best Tax Software in 2023: 11 Amazing Paid and Free Options

July 26, 2023

Via: Small Business Trends

It’s easy for the prospect of tax season to overwhelm small business owners. Do you have all the necessary documents? Are you capable of filing your own taxes, or can you afford to hire a tax professional? Do you have […]


Accounting, Department management

How to Choose a Certified Public Accountant for Your Business

July 14, 2023

Via: Home Business Magazine

If the thought of preparing your own business tax returns is daunting, you’re not alone. According to research information, there are thousands of tax returns defiled every year, and over half of them are prepared by certified public accountants (CPA’s). […]


Accounting, Department management

Protecting Your Business’s Most Valuable Asset: Key Person Insurance Explained

June 23, 2023

Via: Home Business Magazine

Planning and managing risks are essential for running a profitable company. A business’s key staff, or the people with the knowledge, expertise, and experience that propel the business ahead, is one of its most significant assets. What would occur if […]


Accounting, Department management

Everything You Need to Know About Farmers Market Insurance

June 13, 2023

Via: Small Business Trends

Farmers markets are a great opportunity for small businesses to showcase their products and connect with their communities. However, participating in a farmers market comes with risks, and it’s important to have the right insurance coverage to protect your business. […]


Accounting, Department management

New Minimum Wage for App-Based Food Delivery Workers in New York City

June 12, 2023

Via: Small Business Trends

A new policy aimed at increasing the minimum wage for app-based food delivery workers could have a considerable impact on small businesses in New York City, according to a report from CNN. The surge in the use of services like […]


Accounting, Department management

LLC Vs S Corp Taxes: What’s the Difference?

May 19, 2023

Via: Small Business Trends

Choosing the right legal structure is crucial when setting up a business. LLCs and S Corps are popular business entity options that provide liability protection but differ in taxation. In this article, we’ll explain the differences between LLC vs. S […]


Accounting, Department management

Do You Need Small Business Insurance?

May 5, 2023

Via: Home Business Magazine

If you’re running a small business, you may wonder if it’s worthwhile to buy business insurance, especially if you’re just starting out and don’t have any employees yet, or even a commercial premises to do business from. The truth is […]


Accounting, Department management

IRS Unveils Resources and Highlights Tax Benefits for National Small Business Week

May 3, 2023

Via: Small Business Trends

In celebration of National Small Business Week, taking place from April 30 to May 6, the Internal Revenue Service (IRS) is spotlighting tax benefits and offering an array of resources to assist those contemplating starting a business. This annual event, […]


Accounting, Department management

IRS Emphasizes Upcoming Deadline for Tax-Exempt Organizations

April 28, 2023

Via: Small Business Trends

The Internal Revenue Service (IRS) has issued a reminder to thousands of tax-exempt organizations about the upcoming May 15, 2023, filing deadline. Typically, tax-exempt organizations are required to file specific returns by the 15th day of the 5th month following […]


Accounting, Department management

How to Register a Business Name

April 20, 2023

Via: Small Business Trends

Business names are key to helping brands grow. Taking time to register your small business is an important step. When you register a business name, you can enjoy the following benefits: Help you realize tax benefits Help you establish credibility […]


Accounting, Department management

The Best Tax Software for Self-Employed People in 2023

April 17, 2023

Via: Small Business Trends

Self-employed individuals often have unique tax requirements that can be overwhelming to manage during tax season. Fortunately, tax software can help you understand how to file self-employment taxes and make the process easier by streamlining the filing process and providing […]


Accounting, Department management

Getting Behind the Wheel: The Basics on Canadian Auto Insurance

April 11, 2023

Via: Small Biz Club

Every driver in Canada, in every province and territory, is required by law to have car insurance. If you’re caught driving without insurance, you will probably have your license revoked and will also have to pay a hefty fine in […]


Accounting, Department management

Fiscal Year Vs Calendar Year: What’s Best for Your Business?

April 10, 2023

Via: Small Business Trends

For tax, accounting, and even budgeting purposes, it’s important to know the difference between a fiscal year vs calendar year. A fiscal year doesn’t always align with its calendar counterpart. For example, Microsoft corporation winds up its fiscal year at […]