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…
S Corp vs LLC: What’s the Difference and Which One Is the Best Fit for Your Business?
Congratulations on starting your own business! Before we get to the exciting bit, running your business and making your fortune, there is some admin to take care of. You’ll have…
The Ultimate Guide to Opening a Coffee Shop
Does your life depend on the fruity and floral aromas of an Ethiopian roast wafting through your kitchen during your 6 am wake up call (and 2 pm pick-me-up)? Is…
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…
DBA Meaning: What is DBA and Why it Matters to Your Small Business
As you become familiar with the life of a small business owner, you will run into some jargon along the way: ASM… After Sale Marketing EPOS… Electronic Point of Sale…
What is a Balance Sheet?
We know running a business can feel like you’re juggling a thousand responsibilities. While we know all business owners are heroes, you’re still human at the end of the day….
What is an Income Statement?
From learning about 1099 Forms, picking up bookkeeping tips, and figuring out how to calculate a cash flow analysis, it’s easy to feel overwhelmed when starting your own business. But…
How Long Does a Mobile Check Take to Deposit?
You worked hard to serve your devoted customers. You managed a team of employees, diligently tracked inventory, and stayed on top of vendors. Vendors whose supply is important to your…
The 5 Cs of Credit: What They Are and Why They Matter to Your Small Business
In 2019, the small business credit survey reported 43 percent of small businesses applied for a business loan. Overall, 36 percent of those that applied were denied at least some…
A Guide to Small Business Financing
Small business owners know there are many important financial relationships to make when starting out—with your small business bank, with your vendors, and potentially with your business lenders and investors. …
What is Financial Reporting and Why is it Important?
As a small business owner, accurate financial reporting is an essential part of managing, organizing, and understanding your company’s finances. While this concept may seem complicated and overwhelming, we’re here…
Why You Need a Business Continuity Plan and How to Make One
Unexpected things happen sometimes. It can be scary when anything goes wrong for your business, especially if you’re not prepared. Most small businesses — and even large corporations — are…
Pros and Cons of an LLC Bank Account
Congratulations on starting your own business! Before you get to the fun part — actually running your business and making your fortune — there is still some admin to do….
FFCRA for Employers: How Paid Leave Tax Credits Can Support Small Business Employees and Their Families
We know as a small business owner you care about your employees and their families. But it is difficult to support them when your business is struggling. Small businesses in…
