What is the difference between an S corp and an LLC?
I own a small business and I am confused. Which would be best for my company? Here are some things to consider: LLCs can have an unlimited number of members;…
I own a small business and I am confused. Which would be best for my company? Here are some things to consider: LLCs can have an unlimited number of members;…
Understanding your Chart of Accounts is key to creating accurate financials statements. Your Chart of Accounts is a complete list of the ledger accounts you will use to record transactions…
If there is one thing I’ve learned while running a small business, it’s that nothing gets accomplished without organization. While there must be room for “creative freedom” in most industries,…
When you record a transaction in QuickBooks (or any accounting system for that matter), you use ledger accounts that are listed in your Chart of Accounts. QuickBooks helps you create…
Employee Retention Credit Update Because of the predatory practices by many “pop up companies” targeting small businesses with claims of getting $$$ from the IRS, small-business owners worried about being…
The ERC is a refundable tax credit designed for businesses who continued to pay employees while shutdown due to the COVID-19 pandemic or had significant declines in gross receipts from…