Accounting for Small Business, Income Taxes
If you’re self-employed or own a business, no one is withholding taxes for you. That means quarterly estimated payments matter. Miss them and you may face: Penalties Interest Stress at filing time Even if you pay everything by April, the IRS can still penalize you for...
Accounting for Small Business
A sound accounting system is a must for businesses of any size. It doesn’t matter how big or small your business is; it is vital to know what is coming in and going out of your business account, especially when it comes to business expenses. A company that fails to...
Accounting for Small Business
When asked how your business is doing, a balance sheet is the best way to show success. Also called a statement of financial position, a balance sheet is usually one of several vital items you might be asked to produce when applying for a small business loan. The...
Accounting for Small Business
When a staff member of an organization steals from the company, it is occupational fraud. Even though it may be unlikely that a worker will be involved in theft, just one situation will lead to disastrous results. The Association of Certified Fraud Examiners (ACFE)...
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