Brendan Tuytel

Explore GnuCash's features, safety, and comparisons with Bench Accounting, QuickBooks and other alternatives. Your concise guide to understanding GnuCash's role in financial software.

Want to understand how efficiently you use your capital? You need to know your return on assets (ROA), a metric used by investors and owners alike.

On February 22, the PPP changed so the self-employed can apply using gross income. But what does that mean for your PPP loan amount? Here's our guide on how to calculate gross income for the PPP.

“When will we actually make money?” is the burning question for new businesses. Fortunately, you can answer this question by calculating your break-even point.

Recorded a negative net income? Your EBITDA may tell a more hopeful story. Here's why this measurement of the profitability of your operations is important.

Last In, First Out (FIFO) is a method of inventory valuation that assumes you sell your newest inventory first. How does this affect the books? Read on for a definition and examples!

First In, First Out (FIFO) is the most common method of inventory valuation. But how does it work and why is it so common? We've got you covered with everything you need to know to start tracking your inventory accurately today!

Having working capital can mean having funds to invest in new technologies and growth. But what does it tell you and how do you measure it? We've got you covered from understanding working capital to making the most of it.

If you are a contractor or hired a contractor, it's time to get familiar with Form 1099-NEC. Here's everything you need to know about this change.

No two LLCs are alike—they can even have different tax filing deadlines.

Dive into rental income tax, property deductions, and landlord write-offs. Understand rental revenue, tax returns, and home improvement deductions to optimize rental investments.

If you provide health insurance to your employees, don't miss out on the tax credit. But you need to know Form 8941 to claim it.

If your business is incorporated as an LLC or a C corporation, you may be eligible for a special tax designation called "S corporation" that can help you save on taxes. Here's what you need to know if you want to become an S corp.

The key to a low tax bill? Tax credits and deductions. Here are the ones you need to know to save your dollars this tax filing.

Learn the ins and outs of requesting a tax extension and avoid penalties. Find out how to ease tax season stress.

Learn about the Employee Retention Tax Credit (ERC) and how it can significantly lower your federal quarterly payroll tax bill.

Learn more about what qualifies as ETOB and the potential benefits of establishing your foreign owned business in the United States.

Discover what income tax liability means for your balance sheet and how to accurately track and report it. Get advice on how this critical element affects business decisions and operations.

Unpaid tax debt affects many small business owners, but paying back that debt doesn't have to be stressful with these five tips.

To minimize your tax bill, you’ll need tax credits and deductions. But what’s the difference? Which shrinks your bill the most? Find out in our guide.

You can now defer the employer portion of Social Security tax for 2020. Here's how.

Being an S corp has tax benefits, but with stricter rules. Learn how to satisfy the IRS using a reasonable salary for your shareholders.

Remember tax season? You'd probably rather not. Those hours you spent frantically collecting receipts, going back and forth with your accountant, and hoping you didn’t miss an important detail can be a thing of the past. Here’s what your tax season can look like when we take everything off of your hands.

When you get an EIDL loan, you need to stay current with your bookkeeping. Here's how.

Weigh the pros and cons of a DIY QuickBooks accounting setup for Shopify sellers. Learn about the features that make it easy to use, and assess if it's the right fit for your business.

Sage Accounting is a popular option used by accounting firms and small businesses both. We examine their pricing, software and packages. Read our review of Sage's accounting services to see if it is the right solution for your business.

Bookkeeping may not stir excitement deep in your heart, but it also shouldn’t strike fear—this simple guide walks you through all of the basics.

If you’re suffering from any of these symptoms, it’s probably time to hire a bookkeeper.

Applying for a business loan is stressful enough before they start asking for reports. Here's what you can start collecting now if you're preparing to apply for a business loan.

Starting a business with two or more people? You'll form either a partnership or a corporation. Here's what you need to know about both.

Thinking of starting a business? Already got one and thinking of growth? In this guide, we cover the need to know information for new entrepreneurs.

Choosing a business structure is the first big decision you’ll make when starting up. We’ve broken down the pros and cons of each type of business to help.

As small businesses grow, they face brand new challenges. With this guide, you'll know what these challenges are and how to tackle them.

Growing your side hustle? It could be your full time gig, but you should ask yourself these eight questions first.

While the decision to dissolve a corporation can be difficult in itself, we’re here to make the process of dissolving a little bit easier.

If your gross margin isn’t enough to make your business profitable, it’s time to re-evaluate your pricing.

Shareholder loans lets you temporarily move money in or out of a corporation. But there's a strict process you need to follow. Here's how.

Annual reports are a simple form corporations need to file with the secretary of state. Here's what you need to know about them.

If you’re looking to provide health insurance to shareholders in an S corporation, there’s a catch. We've got the rundown on what you need to know.

Small business retirement plans are crucial for financial security. They offer significant tax-saving advantages for both you and your employees. Discover the details.

A simple breakdown of how to spend your EIDL funds.

The top eight financial relief resources for minority-owned small businesses in the U.S.

To receive a second PPP loan, eligible businesses are required to show a 25% reduction in revenue. We cover what this new requirement means and how to calculate it.

A second stimulus bill was passed with new benefits for small businesses. Read our simple guide to quickly learn how it impacts you.

Whether you’re applying for a first draw PPP loan or a second draw PPP loan, here’s what you need to know about the Paycheck Protection Program.

The Restaurant Revitalization Fund offers grants businesses the serve food and beverages. Here's what you need to know before applying.

The PPP offers fully forgivable loans to the self-employed and now PPP forgiveness for the self-employed is easier than ever to obtain.

After facing criticism for being too exclusive, the SBA changed the eligibility for those with a criminal history. Find out more about how the PPP is more accessible to all businesses.

Lenders are starting to open up for forgiveness applications. This means it's time to start collecting the documents and reviewing your use of your PPP loan. We've got you covered for all the things to collect before applying for forgiveness.

The Paycheck Protection Program offers forgivable loans if used correctly. If you don't receive forgiveness on the full loan amount, here's what you need to know about why and what can be done next.

The decision to close a business is an extremely difficult one. But once the decision is made, we've got you covered on the steps you need to take.

A new Paycheck Protection Program loan forgiveness application form is out. Forgiveness is now simpler than ever before for borrowers with loan amounts less than $50,000. Here's what you need to know.

Whether it's an 8 week period or 24 week period, businesses are wondering when they can apply for forgiveness. Here's what we know about the opening of forgiveness application.

Passive income is the income you can earn without extra work. The catch? There's some upfront work to get it set up. Here are 12 ways you can earn income with a small upfront time or money investment.

Unemployment benefits have suddenly become a lot more complicated during COVID-19. Here's how unemployment works with all the different relief programs, including the Paycheck Protection Program.

Once you have a PPP or EIDL, it might be tempting to start putting it to use right away. But taking a few steps beforehand can make your experience easier down the road. Here's how you should track these loans.

Everything you need to know about getting utilities forgiven for the PPP.

When you are ready to sell your business, follow these tips to make the process as streamlined and pain-free as possible!

If you are collecting PUA, there will be cases when you will have to return your benefits. Here's when and how you will have to return these benefits.

Thinking about applying for an EIDL? Ask yourselves these questions to decide if it's right for you.

The EIDL is back—here's everything sole props need to know.

The EIDL grant can only be applied for at the same time as the EIDL loan, but you don't need to accept the loan to receive the grant. Here's how to get the grant without the loan.

If you're a partner in an LLC, the IRS states you cannot receive a salary. Instead, you're paid a share of the profits. But if you want to make sure you have a consistent income, set up your LLC with guaranteed payments.

Once you have a website built for your business, what do you do next? We suggest five things to keep your website healthy and relevant.

Take time this Global Entrepreneurship Week to celebrate your business and others around you. Here's how you can join the festivities—and grow your business.

The Paycheck Protection Program was intended to help small businesses weather the economic downturn of COVID-19. But how effective was it in addressing the needs of American small business owners? We took a took and the results were surprising.