Bookkeeping for Shopify sellers

Bookkeeping for Shopify sellers

by | 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...
Partnerships in a Nutshell

Partnerships in a Nutshell

by | 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,...
S corps in a nutshell

S corps in a nutshell

by | 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...
C corps in a nutshell

C corps in a nutshell

by | 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...
Sole proprietorships in a nutshell

Sole proprietorships in a nutshell

by | Jan 18, 2023 | Small business bookkeeping

A sole proprietorship is an unincorporated business owned and run by one individual. Although sole proprietorships are unincorporated, they are recognized by the IRS and state tax agencies as businesses. Because sole proprietorships are unincorporated, they have no...