How Inflation Impacts Businesses in the US
Inflation is a big buzzword in 2022 which is important to understand especially as a business owner. Understanding inflation will also help you plan for it accordingly. If you own…
A Brief Guide to Small Business Accounting
Establishing good accounting practices is one of the biggest struggles facing small businesses. Entrepreneurs wear many hats and often run a lean business, which can make it difficult to get…
Gross Pay vs. Net Pay: Definition and Differences
Trying to figure out how to handle payroll for your small business can quickly become a nightmare. Different types of pay, deductions, and labor rules need to all be addressed…
What is a Pay Stub? What Do I Need to Show My Employees?
If your staff gets a check or direct deposit, what they see is their net salary. They may wonder how you arrived at that figure. How much of their wages,…
How to Collect Payments From Your Customers
One of the hardest things small business owners may deal with is chasing customers collect payments from customers. And let’s face it, collecting payments is the most important thing to…
How to Manage the Cash Flow of Your Business
As a small business owner, you want your venture to grow and thrive. To maximize your business’s potential, it’s so important to have a good grasp on your cash flow….
What is a W3 Form and How to File it for Your Business
The importance of financial management What is a w3? As a small business owner, financial management can often feel intimidating and overwhelming—especially when it comes to employee forms and documentation….
What is a Remittance? Business Definition & Examples
Need to send or receive a remittance? Confused what the term remittance actually means? This page gives a breakdown of what remittance actually is along with a few examples of…
How to Calculate Opportunity Cost
In the world of business, the specifics of opportunity cost and how to calculate opportunity cost are sometimes misunderstood. This page will tell you everything you need to know about…
Operating Cash Flow Ratio: Definition & Formula
For any business, the operating cash flow ratio is an important measure of profitability. For small business owners, it is essential. But with so much of your time spent running…
How To Find My EIN Number
There’s a lot to focus on when starting your own business. How will you get customers? Are you going to employ people to help you get started? How are you…
LLC Taxes: 2022 Guide
Running your small business can seem romantic. You’re making a living from selling a product you believe in or a service you provide. But on top of all that there…
How to Incorporate a Business in 6 Steps
Incorporating is a big step for your small business, and the process can be a bit overwhelming. Which corporate structure should you choose? What paperwork do you need to file?…
W-4 vs. W-2 Tax Forms: Everything You Need to Know
With hundreds of different IRS forms, knowing which one to fill out and how can be confusing. Two important tax forms that you’ll likely come across are the W-4 and…
What are Payroll Deductions? Guide For All Business Types
Owning a business is both a challenging and rewarding experience. Achieving your business goals and increasing profit requires building a team of qualified employees. But, navigating payroll presents its own…
