Income vs. Profit vs. Revenue

Motivated entrepreneurs dream of dollar signs—bright, S-shaped figures that shimmer and represent the true reward of starting a venture and reaping the financial benefits of the hard work that goes into it.
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Good Accounting is so Important

Great accounting is so important for each and every business, but too many are lacking in this area. Most use standard income statements and balance sheets, but there is so much more information business owners need that is not available in these basic financial statements.
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5 Basic Tax Tips for New Businesses

If you start a business, one key to success is to know about your federal tax obligations. You may need to know not only about income taxes but also about payroll taxes. Here are five basic tax tips that can help get your business off to a good start.
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Cash Method for Small Businesses

On July 10, 2014, the House Small Business Committee’s Subcommittee on Economic Growth, Tax and Capital Access, held a hearing – Cash Accounting: A Simpler Method for Small Firms? Congressman Tom Rice opened the hearing noting that he is a former tax attorney and CPA.
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4 Helpful Numbers Every Entrepreneur Needs on Speed-Dial

As a business owner, you’ll need to build strong relationships with other professionals who provide essential services and help you run your business. When launching your business, as well as in the first few years of running your business, you’ll run into problems and dilemmas that will require immediate assistance and advice from these professionals.
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