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When you run a small business, you are probably doing most of the work yourself. That includes the administrative work of keeping track of invoices, payments, and other financial transactions. Online accounting software, such as QuickBooks, can help reduce some of the stress involved...
Starting a small business involves a number of steps. One of those is determining the legal structure of your business. Even if you have been operating your business for a while as a sole proprietorship, you may decide you want a different structure as...
When you are starting a business, choosing the most appropriate legal structure for your needs can be an important step. You may have questions about what a limited liability company (LLC) is as well as how to start an LLC. LLC Structure A limited liability company...
Your business operations depend on your ability to know where you are and where you are going. That means that you need a solid record keeping system and perhaps some professional bookkeeping assistance to ensure you are on the right track. Performing a bookkeeping...
As a small business owner, you have a lot of financial considerations every day. Some of those are related to your tax status and how your operations affect your employees and their paychecks. If you have formed an S-corporation, there are specific rules and...
Focusing on your business operations is a full-time job. Running a business with employees can take additional time to ensure that you are following all the guidelines and regulations, especially in making sure that your employees are paid properly and on time. Payroll services...
Individuals who do not have a Social Security number but who need to file tax returns will have to obtain an identification number so they can comply with US tax laws. This number is known as an Individual Taxpayer Identification Number (ITIN). It’s important...
When you operate a small business, you have a lot to manage. As you focus on your core service or product, working to ensure that your customers are happy, you also have to make sure your financial records are current and accurate. Bookkeeping for...
Whether you are just starting a business or are planning an expansion, a well-researched and well-prepared business plan can serve as an invaluable guide for the future of your company. When considering how to write a business plan, you’ll need to be objective and...
There are over 800 federal tax forms. As an individual taxpayer or as a business owner, it can be confusing as to which you need to complete each year. One of your questions about these tax forms may be, who is required to fill...
