Accounting, Bookkeeping, & Tax Blog

LLC owners can opt to be taxed in different ways, and each tax structure has its own set of rules. Owner’s draws, guaranteed payments, salaries, and distri [...]

A well-prepared SOE helps you show lenders and other stakeholders that your business is financially stable, empowers you to attract investors, and to make [...]

Understanding and accurately calculating operating income is crucial for making sound financial decisions and maintaining long-term business health. This m [...]

Debits and credits form the language of accounting, serving as the foundation of the double-entry bookkeeping (also known as double-entry accounting) syste [...]

For small business owners, understanding tax evasion penalties can mean the difference between growth and devastating financial setbacks that disrupt your [...]

Running a small business comes with a big to-do list, and financial management sits squarely at the top. A natural question arises for many small business [...]

Rental property management for a single vacation or short-term rental property can be a breeze when compared to the complexities of owning a portfolio of r [...]

As a small business owner, you know how managing your finances while ensuring accuracy can be a daunting task. Embracing the correct accounting practices i [...]

It's not uncommon for small business owners to initially handle payroll as a cost-cutting measure. However, many find that the time taken away from core op [...]