When start-ups launch, their focus is often on tightly controlling expenses. Most need to establish a brand and some semblance of stability before funding anything other than essential operating activities.For...... Read More
A well-structured chart of accounts is essential for accurate financial reporting. A poorly organized chart, or one that groups transactions into vague, undefined categories, can hinder management’s ability to assess...... Read More
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes...... Read More
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they...... Read More
Properly prepared financial statements provide a wealth of information about your company. But the operative words there are “properly prepared.” Classifying information accurately isn’t always easy — especially as the...... Read More
Pretax (accounting) profit, as reported on your company’s income statement, is a key metric that lenders, investors, and other stakeholders use to assess financial performance. However, business owners should also...... Read More
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages.QCD basicsQCDs can...... Read More
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs...... Read More
For business-to-business (B2B) companies, effective marketing begins with credible and attention-grabbing messaging. But you’ve also got to choose the right channels. Believe it or not, some “old school” approaches remain...... Read More
Financial statements provide valuable insights into a company’s economic performance, aiding managers, lenders, and investors in their evaluations. However, they offer only a partial view and may fail to highlight...... Read More
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