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While single-entry accounting is quick and easy to use, the standard method for recording transactions is double-entry. Double-entry...

The goal of tax planning is to arrange your financial affairs in order to minimize your taxes. In this blog, we'll explore three...

Business expenses are the cost of conducting a trade or business. These expenses are usually deductible if the business operates to gain...

Choosing the right accounting software might be a fundamental decision having drastic effects on your company’s accounting processes for...

Accounting can be tedious for any business, but if your small business doesn’t keep tight books it can make your taxes a nightmare....

Maybe you've never thought about the difference between being an employee and being an independent contractor (also called a...

The accounts payable process or function is immensely important since it involves nearly all of a company’s payments outside of payroll....

Most businesses at some point during their operations will take a loan from a bank or personal financier to help purchase equipment,...

If you want to pay the least amount of income tax each year, then it may be helpful to start doing some tax planning. Don’t worry - you...

Business filing deadlines depend on a number of variables including the business structure the company uses. A non-calendar year fiscal...

At some point along the lines, you're going to make a mistake. Some mistakes will be larger than others, but for the most part, what's...

When one thinks of how successful or unsuccessful a business is doing, it’s natural to lean towards the strategic elements of an...