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 total outstanding balances of all bank loans, mortgages and financial…
5 Ways of Caring for Your POS
No matter how durable your POS hardware is, it is still subject to wear and tear because of long hours of operation every day. This cannot be avoided especially in a busy restaurant. You need…
New IRS Filing Deadlines for Partnerships and C Corporations in 2017
The tax-filing deadlines for small business owners have traditionally remained the same for many years. More specifically, March 15 has been a longstanding date on the calendar for entrepreneurs who operate formal business entities across…
3 Vital Multi-State Tax Facts for SaaS Companies
Last week, we discussed various multi-state tax issues software companies often overlook. This week we look at another industry that often misses sales and use tax ramifications on their sales: Software-as-a-Service (SaaS). Many think that because…
Don’t Make These 4 Common Tax Mistakes
As a business owner, one time of the year that you might not look forward to is tax time. After all, not only do you probably not want to have to pay in any taxes,…
When Should I Book Revenues?
It’s the end of one year and the beginning of the next. Small Business owners have some discretion as to when they book revenues on the last day of the year. First you have to…
Should I Use Form 1040, Form 1040A, or Form 1040EZ?
When you file a personal income tax return with the IRS by April 15, you have a choice of 3 basic tax forms to select from that are essentially designed to report similar tax and…
Almost 70% of Smartphone Users Expect to Use Mobile Pay in 2017
Digital trends publications have predicted that 6.1 billion people will be using smartphones by 2020, which is more than two thirds of the world’s population. As a result, advertisers are jumping on opportunities to connect…
Valuation of Your Business for Tax Planning
Few business owners relish spending money on something they don’t need. And for most owners, hiring an expert to estimate the value of their companies falls into that don’t-need category. So it is no surprise…
Can My Business Qualify for a Credit Line from the Bank?
One of my beloved business owners just asked, “Can my business qualify for a credit line from a bank, a traditional lender?” It matters because if your business can meet traditional lender requirements, your interest…
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