Avoid the Race to Zero

When do you sell your company? Obviously we all want to sell at the top. And there is the problem. How do you know...

How to Get a Loan Tailored to Your Specific Niche

Every business sector is different and has its own financing needs. Most sectors are cyclical but some less so, and whilst some sectors traditionally...

True Story: Missing Assets Equal to a Year’s Sales

You don’t think finance and accounting matter in small business? Here’s a true story, and it’s about a small business like the ones I...

Small Business Bookkeeping: What You Need to Know

In the rush and excitement of starting a new venture, it’s easy to overlook the importance of good small business bookkeeping in the early...

5 Tax Saving Tips Most Small Businesses Don’t Follow

Taxes are one of the biggest burdens facing small businesses. According to the Small Business Administration, many small businesses pay effective tax rates near...

IRS Reveals 2017 Dirty Dozen Tax Scams

Each and every year, the Internal Revenue Service releases a list of the “dirty dozen” tax scams the agency recommends taxpayers be on the...

9 Smartest Ways to Avoid Faulty Loans

Loans are vital for small businesses looking to grow and build their credit history. Yet obtaining an SMB loan isn’t easy, and many applicants...

About Personal Use of Corporate Assets

It is no secret that the IRS looks carefully below the surface for personal use of company assets (including cash) in its corporate income...

How to Take Advantage of the Section 179 Deduction

Small businesses have a friend at the IRS. This friend, known as the Section 179 deduction, allows small businesses, in many cases, to deduct...

Long-Term Debt on a Balance Sheet

What is Long-Term Debt on a Balance Sheet? The Long-Term Debt category appears as a long-term liability on a Balance Sheet. The balance represents the...

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