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…
Accrual Accounting vs. Cash Basis Accounting: What are the Key Differences?
Achieving your business goals takes attention to detail, the right employees, and a financial planning system to make sure you increase your profits. Tracking your finances is especially important. To…
What is Net Working Capital? Formula and Examples
Net working capital is the ratio between current assets and current liabilities. We explain what this means and how it can affect your business. There are many different ways to…
How to Send an Invoice by Email
You’ve started up your small business. You’ve got your banking account, set up your website, and made your first couple of sales. Congratulations! That’s a huge accomplishment! Now that you’re…
Start an eCommerce Business that Thrives in 2023
At this point it’s pretty safe to say the world of business will never be the same. The pandemic has forced us to make a lot of changes to our…
9 Small Business Bookkeeping Basics to Secure Long-Term Success
At NorthOne, we know our customers didn’t get into business because they are passionate about accounting. However, like it or not you can’t have a successful business without understanding how…
S Corp vs. C Corp: Which One Is the Best Structure for Your Business?
When it comes to starting your own business there is a lot to consider. While we can’t help you decide on what you want to name your business, or whether…
The Small Business Owner’s Guide to Small Business Tax Deductions
As a small business owner, you work hard for the money you earn and every penny matters. Tax deductions can help minimize your overall income tax bill, which might increase…
7 Reasons Entrepreneurs are Switching to NorthOne
We conducted over 500 hours of interviews and asked small business owners how they felt about their banks. Most said their chosen bank isn’t ideal, but it’s “good enough.” If…
22 Free Must-Have Business Tools for Growth
Small business owners know that stretching their budget as far as possible is essential. Unfortunately, a lot of popular business tools that streamline processes, improve communication, and help attract new…
