One of your first decisions as a small business owner is choosing between business structures. Your structure dictates many vital aspects of your company, including liability. To protect your personal assets from business liabilities, you may consider structuring as a corporation.
Read More What Is a Corporation?Amanda Cameron
Working With Freelancers at Your Small Business
As a small business owner, you have to take care of all your company’s tasks. Your responsibilities can get overwhelming. To help you complete tasks, you may want to try working with freelancers.
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How to Use a Comparative Income Statement for Your Small Business
You’re an expert at running your business, not analyzing financial numbers. But as a small business owner, you need to know how your decisions affect your company. By reviewing your accounting books, you can leverage data to grow your company. One important report to look at is the comparative income statement.
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How to Start a Seasonal Business
Are you thinking about opening a seasonal business? Prepare for the highs and lows of your first season by understanding how to start a seasonal business now.
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Small Business Recordkeeping for Seasonal Companies
All companies need to record business activities to avoid an IRS tax notice or penalties, and to track progress. But, do seasonal companies have the same rules for small business recordkeeping as year-round companies?
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7 Tips for Your Small Business Credit Application
As a small business owner, getting approved for a line of credit is not easy. You need to make sure your credit application has the best chances of securing a loan or line of credit. Follow the tips below to show lenders you’re creditworthy with a strong small business credit application.
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4 Accounting Tips for Bootstrapping Your Business
Have you thought about starting a business, but don’t want to jump through hoops to meet the requirements for small business loans? You may want to consider bootstrapping your business. Bootstrapping means you self fund your business. Because you invest your own money, you don’t need outside help from lenders.
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What Is Financial Reporting and Analysis in Small Business?
During day-to-day operations, you make transactions for your business. Knowing how to organize and review this information is key to long-term success. One way to keep track of transactions is to manage financial reports. What is financial reporting?
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How Does a Business Loss Affect Your Company?
It’s great when your business is consistently profitable. But, sometimes, unexpected situations come up. Depending on the circumstances, your business could experience an unforeseen loss. You need to know how a loss in business can affect your company in the long-term.
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Expense Reporting for Small Business
If you have employees, expense reporting is an important part of your accounting process. Expense reports allow flexibility and make it easier for employees to do their jobs. To save your business time and money, create an expenditure report policy.
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