by cmehnert01 | May 30, 2023 | Small business bookkeeping
When hiring workers, businesses have to choose between W2 employees and independent contractors. This is a crucial decision that affects the costs, benefits, risks, and opportunities for both the business and the worker. According to the Internal Revenue Service,...
by cmehnert01 | Apr 19, 2023 | Small business bookkeeping
Are you tired of poring over confusing balance sheets and income statements just to understand your business finances? If so, cash accounting may be the simple solution you’re looking for. Cash accounting records revenues and expenses based on actual cash flows...
by cmehnert01 | Apr 4, 2023 | Small business bookkeeping
It may seem odd to think of the world as a small place. However, it is amazing how connected we are despite being separated by oceans and continents. Technology today has opened up a whole new world for business owners and entrepreneurs. This is especially true...
by cmehnert01 | Mar 7, 2023 | Small business bookkeeping
In the U.S., a partnership is a type of unincorporated business with two or more partners who share ownership and liability of the business. The partners share profits and losses equally or as agreed upon in the partnership agreement. Unlike corporations,...
by cmehnert01 | Feb 21, 2023 | Small business bookkeeping
Are you wondering what S Corporations are and how they are taxed differently than other corporations? In this article, we’ll explore the basics of S Corporations and the unique ways in which they are taxed. Get your questions answered and learn all about the...
by cmehnert01 | Feb 7, 2023 | Small business bookkeeping
Currently, the most common business structure in the United States is known as a C corporation or “C Corps.” A C Corp is an independent legal entity, meaning that it has its own tax identification number and can enter into contracts and other...
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