Understanding financial statements is a crucial part of business ownership. These documents are indispensable tools for planning, decision-making and securing financing. Four broad types of financial statements provide vital information to investors, creditors and regulatory bodies. 1. Balance Sheet The balance sheet provides a detailed snapshot...
Financial management is a crucial component of running a small business, but it can also be overwhelming. QuickBooks is a comprehensive accounting software package designed to simplify fiscal administration, allowing entrepreneurs to stay organized and compliant. Financial Statements at Your Fingertips One of QuickBooks’ core strengths...
Digital solutions have revolutionized nearly every industry, with cloud-based accounting leading the charge in revolutionizing financial management. Business owners, solopreneurs and independent contractors seeking agile and scalable solutions must understand the distinction between traditional and cloud-based accounting software to make savvy choices. Advantages of Cloud-Based...
Navigating the world of employment types can be confusing for business owners. W2 and 1099 forms are given to different types of workers for IRS classification and tax documentation. Understanding the distinction between W2 and 1099 workers is crucial for tax law compliance and...
Platforms like Venmo have become increasingly popular for freelancers, gig workers and people with side businesses. The convenience of transferring payments to your bank account with a few taps on your smartphone is undeniable. However, Venmo and other apps bring tax obligations you might...
The holiday season is a mix of joy for families and a flurry of activity for small business owners. It’s a critical time where your preparation and strategy can significantly impact your business’ success. Clear View Business Solutions is here to guide you through...
Time and money are the most precious resources for small business owners, sole proprietors and gig economy workers. When tax time rolls around again, it can be tempting to take a DIY approach with software like TurboTax. However, that method can expose you to...
Starting and managing a small business is a roller coaster ride. With so many details vying for your attention, accounting and financial management can easily become overwhelming. Hiring a CPA can be one of the soundest business decisions you’ll ever make. Let’s explore the...
In the dynamic day-to-day of entrepreneurship, bookkeeping can be the stabilizing force that keeps your business running smoothly. It's not always the topic that sparks the most excitement, but it's undeniably critical for business success. Let’s take a closer look at what bookkeeping is,...
Federal and state agencies, plus some privately owned companies, offer grants to help entrepreneurs cover various costs associated with starting and running a business and those who need relief due to the COVID-19 pandemic. While researching and applying takes some legwork, the reward of securing...
