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Small Business Accounting: The Basic Guide

Last month, we talked about the importance of having a solid accounting foundation (ideally) from the inception of your small business. Along with this, as a business owner, it is vital to have an understanding of “accounting basics” as you work with your professional...

The Importance of a Solid Accounting Foundation

Accounting for Small Businesses  Some may not realize that entrepreneur-led startups and small businesses require the same need for accounting expertise as larger companies. Regardless of the type of business, it is essential to understand the importance of best...

PPP Loan Forgiveness & Updates

PPP Updates  The U.S. Senate and House of Representatives unanimously passed legislation extending the Paycheck Protection Program (PPP) deadline to August 8, 2020, and is now awaiting President Trump’s signature. The $659 billion initially allocated for the program...

PPP Loan Round Two & What To Do Once Approved

Paycheck Protection Program  The first round of $359 billion in funding for the Paycheck Protection Program quickly depleted; however, the second round arrived with some additional safeguards in place for small businesses. While the bill itself did not include any...

The Paycheck Protection Program & Loan Forgiveness

What is the paycheck protection program? The Paycheck Protection Program, often referred to as the PPP is a loan program under the CARES Act that introduced assistance to small businesses to protect payroll for their employees during the coronavirus economic shutdown....

What Small Businesses Need to Know About COVID-19

If you’re a small business you know that our country is operating in unprecedented times.  The coronavirus pandemic is having a direct impact on economic development for both large and small businesses across the country.  While relief efforts seem to be continually...

Understanding Three Primary Business Financial Statements: The Balance Sheet, Income Statement, and Cash Flow Statement

Financial statements are the reports summarizing vital information about the financial state of your business. There are three types of financial statements that give you, and others with interest in the financial affairs (investors) a clear picture of the company's’...

15 Accounting Terms Business Owners Must Know

An accountant tracks all your company's finances prepares a series of financial statements and helps you get through tax season. But sometimes, talking to your accountant can feel like they're speaking another language.  Here are 15 terms that all business owners...

9 Things Most Business Owners Don’t Know Are Tax-Deductible

We're approaching tax season. And for most of us, the very mention of taxes sends us to sleep or into a panic, especially anyone of us that has to file taxes for both ourselves and our business. You have to file your taxes legally, without mistakes, and on time to...

Act Now to Save 2019 Taxes on Your Investments

Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to reduce your 2019 tax bill by selling some investments — you just need to carefully select which investments you sell. Balance gains and losses If you’ve sold...