W9 vs. 1099 Tax Forms: 3 Key Differences

Business owners are obligated to provide certain information to the IRS when working with independent contractors or freelancers. The two key information return forms to collect and submit to the…

Outsourced Accounting: Definition and Guide

Outsourced accounting refers to when a third party handles the accounting for your small business. This professional service manages your bookkeeping, taxes, payroll, financial reporting, and other accounts payable and…

The 6 Best Apps for Bookkeeping

Tracking expenses, paying employees, staying compliant with IRS regulations—bookkeeping is essential to efficient business operations. When you have a good system set up, it’s easy to stay on top of…

Revenue vs Profit: The 4 Key Differences

If you’re a small business owner, you know the importance of tracking fluctuations in revenue vs. profit. It gives you  important information about your business, and helps you project potential…

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