Accounting

How To Avoid Tax Penalties - A Simple Guide

Are you a small business owner trying to figure out how you can avoid tax penalties? Here's a simple guide you can follow.

Accounting

Are You Claiming Tax Deductions on Your Home Office?

Did you know you can claim tax deductions for your home office? Read on to know the different types of home office expenses.

Accounting

10 Tax Deductions To Do Now That Will Save Your Small Business Money This Tax Season

Are you unsure about which business expenses to write off in order to save your money? Here's a list of tax deductions your small business can write off.

Accounting

Your Essential Guide to S Corporations

Are you thinking about becoming an S corporation? Read more to know what it is, how it's different from an LLC, and its pros and cons for your business.

Accounting

Job Costing For Architecture Firms: What You Need to Know

This article covers what you need to do to ensure accuracy and profitability in job costing for your architecture firm.

Accounting

S Corp vs. C Corp: Definitions, Advantages & Disadvantages

S corp and C corp are corporation statuses assigned by the IRS to incorporated businesses. Read on for a comparison between the two corporate structures.

Accounting

S Corp vs. LLC: Overview, Differences & Benefits

Trying to choose between a Subchapter S Corporation and a Limited Liability Company? Here’s how to decide between the two.

Accounting

Your How-to Guide to LLCs: Steps to Launch, Pros & Cons

If you're looking to form an LLC as you launch your business, read on to know what it is, how to create one, advantages, disadvantages, and more.

Accounting

Everything you need to know about C Corporations

Read this article to know what a C corporation is, its pros and cons for your business, and how to incorporate your company.

Accounting

How Do Single-Member LLCs Work? A Complete Guide

Interested in flexible taxes, liability protection? Discover whether a single-member LLC is the right structure for your business.

Accounting

What Is Accounts Receivable? Definition, Importance, and Examples

Not sure what Accounts Receivable (AR) means for your business? Read this guide to discover the importance and definition of AR with examples.

Accounting

Gross Profit vs Net Profit: Definition, Differences, Formula & Examples

In this article, you learn the difference between gross profit and net profit and why they are important for understanding the financial health of your business

Accounting

How to Correctly Calculate Your Business's Net Income

Trying to figure out your business's net income? This blog highlights the steps you can take to calculate net income, along with some easy examples.

Accounting

Understanding the Straight-Line Method of Depreciation

What is straight-line depreciation, how to calculate it, and when to use it. Everything you need to know is here in this guide.

Accounting

Journal Entries in Accounting: A Guide

Journal entries record all the day-to-day financial activities of your business. Here's why they are important and how you can set them up.

Accounting

Understanding Income Statement Accounts: Definition, Template & Examples

In this article, we find out what an income statement is and why you need it. We also discuss the difference between an income statement and a balance sheet.

Accounting

Owner's Equity: Everything You Need to Know

Looking for a comprehensive guide to owner's equity and statements? Read all about how to calculate owner's equity to get the right idea of the value of your...

Accounting

Understanding the Double Entry Accounting System

An essential guide to the double-entry system of accounting and why your business needs it. Starting your own creative business might sound like a lot of fun.

Accounting

Everything About Cash Flow Statements: Definition, Sections & Examples

Learn everything about cash flow statements and master your business’ cash flow. Leverage the information to maintain a steady cash flow in your business.

Accounting

Accounting for Interior designers

Do you own a small-scale interior design firm? Are you struggling with accounting and doing your taxes? This guide will help you with what you need to get...

Accounting

A Simple Guide to Accounting for an Interior Design Firm

Accounting is an integral part of creative businesses like interior design firms. Find the best tips on accounting for interior designers and make accounting..

Accounting

A Guide to Understanding Common Business Entity Types

Do you need help in finding the right business entity? The article covers each type of business entity along with its pros and cons.

Accounting

Liabilities 101: Definition, Types, Examples and How to Calculate Them

As a small business, you need to manage your business accounting accurately. Continue reading to understand how to calculate liabilities for your business..

Accounting

Understanding Fixed & Variable Costs: Examples & What You Need to Know

Learn the difference between fixed and variable costs to increase your business' revenue with this detailed guide.

Accounting

Accounting for Design Firms: A Closer Look at its Unique Challenges

Are you a small or medium-sized design firm? Read this blog to learn about sales tax for design companies and how to avoid making accounting mistakes!

Accounting

Business Cash Flow: Overview, Examples & Types of Cash Flows

This article helps you understand where your money is going in your business and teaches you how you can manage your cash flow.

Accounting

Loan Principal Explained & How to Pay it Off

Loan principal is the amount that a business borrows and must repay. Learn how to calculate it and track your interest.

Accounting

Guide to Operating Expenses: Types, Examples & Calculation

Read this guide about managing operating expenses and improve your revenue. Learn about operating expenses and understand how your small business generates..

Accounting

A Complete Guide to The Double-Declining Balance Method of Depreciation

A simple guide to depreciating assets using the double-declining balance method. Understand how to calculate it and how it's different from the straight-line...

Accounting

What is Depreciation? Types, Formula & Calculation Methods

Learn how depreciation works, how to calculate it, and its different types. Leverage it to increase your small business' tax savings and save more money.

Accounting

Adjusting Journal Entries: Overview, Types, and Examples

Adjusting journal entries helps keep your business books balanced and healthy. To know how to keep revenue expenses up-to-date...

Accounting

Accounting Basics for Interior Design Firms – What You Need to Know

Accounting is an integral part of business for interior design firms. This article walks you through several tips to make accounting easier for your business.

Accounting

What is Accounts Payable? Definition & Examples

This simple guide to Accounts Payable (or AP for short) will help you quickly identify which suppliers you owe money to, the amount, and how to reap the benefit

Accounting

All You Need to Know About Fixed Costs: Definition, Formula & Examples

Read on to know more about fixed costs and how they can help improve your business profits in the long run. Learn the fixed cost formula and possible examples.

Accounting

Calculating Net Income: What You Need To Know

Looking to calculate your business performance? Use our net income calculator and know for sure. The growth of any business is primarily dependent on incoming..

Accounting

Guide to Profit and Loss Statement

A profit and loss statement provides a detailed overview of your spending and savings. Learn how to track it correctly for your business.

Accounting

Assets, Liabilities & Equity: Key Differences and Their Importance

Find out the role of assets, liabilities, and equity in the balance sheet. This article contains the information you need to run your business successfully.

Accounting

Accumulated Depreciation: Definition and Why It Is Important

Do you know what the accumulated depreciation account on your balance sheet is? Read on to find out more about this important accounting term.

Accounting

Accrued Expenses: Definition, Examples & How They Are Different from Accounts Payable

Trying to understand how to keep track of your accrued expenses? Read this article to understand what it is and how to record it in your books properly.

Accounting

What is a Bad Debt Expense? How Do I Calculate It?

A nightmare for any business, bad debts are a painful reality. Hardly any client will pay you upfront in cash, and you need to provide credit facilities to them

Accounting

Accounting Basics and Why They Are Important for Business Owners

When you start your own creative business, you will have to be at the helm of affairs. Small business owners can find handling all the verticals of the business

Accounting

Difference Between Cash and Accrual Accounting

As a business owner, it's crucial to keep a tab on your finances for projections, filing taxes, and mapping your entrepreneurial growth.