Nick Zaryzcki

Drowning in paper receipts? Or worse: are you worried you’ve lost them all? It might be time to invest in a receipt scanning app. Here’s what we recommend.

QuickBooks isn't for everyone. Here are 11 alternatives to explore, each with a different emphasis.

The year-over-year growth formula is one of the most reliable ways of tracking your long-term growth. Here's how it works.

Thinking about offering your clients net 30 payment terms? Here’s what that could mean for your business.

Mismanaging IOLTA can carry stiff penalties, even leading to disbarment. Here’s how to prevent that from happening.

If you want to get paid faster, you need to understand accounts receivable. Here’s a full rundown.

This is a straightforward guide to the chart of accounts—what it is, how to use it, and why it’s so important for your company’s bookkeeping.

How profitable is your business? Your income statement will tell you.

Debt sucks, but you usually can’t run a business without it. Here’s everything you need to know to make sure you’re recording it in your books properly.

Shopping for small business accounting software can be painful and confusing. To make your search easier, we’ve narrowed it down to these twelve picks.

An in-depth guide to setting up the accounting basics for your law firm.

What is revenue recognition and does it affect your business?

If you’ve received a good or service and plan to pay for it in the future, you have to record it in your books as an accrued expense. Here’s how to do it properly.

How do you record revenue when you get paid upfront? Deferred revenue.

If you do your accounting own accounting, you need a trial balance. All of your raw financial information flows into it, and useful financial information flows out of it.

If you want to have a profitable business, you must first turn a gross profit. But what exactly is it, how do you calculate it, and how do you make more of it?

SG&A is the overhead costs of your business. Here's how to identify them, and reduce them where you can.

You probably didn't start a nonprofit to do accounting. Here's the basics you need to know to stay on top of your books and taxes.

Picking the right fiscal year for your business can save you and your accountant a lot of time, money and stress. Here’s what you should consider when deciding on one.

Borrowing money costs money. How much money? Calculating the cost of debt will tell you!

Retained earnings are like a running tally of how profitable your business has been since it first started up. Here’s how to calculate it.

Having trouble paying your bills? You might have problems with liquidity. Here’s everything you need to know.

If you sell on consignment, you might at some point have to send or receive a proforma invoice, which is different than a regular invoice. Here’s why that’s important.

Some expenses are too small to write a check for. That’s where petty cash comes in.

A beginner’s guide to the expense report, a form businesses use to track and reimburse employee expenses.

A simple guide to some common accounting terms, and why they matter.

Bad debt is how your business keeps track of money it can’t collect from customers. Here's how to calculate it.

Accounts payable tells you exactly which suppliers you owe money to, and how much. Here’s how it works.

Looking for a Quicken replacement? Here are your top six options.

How much of your business do you actually own? If you understand equity, you can answer that question.

S corporations may not have to pay federal corporate income tax, but you are still required to report that income (or loss).

An at-a-glance tax deadline resource for C corporations and LLCs electing to be taxed as corporations.

No one knows more about taxes than enrolled agents. Here’s how to hire one.

If you’re in a partnership, the IRS won’t accept your tax return unless you also attach Schedule K-1 of Form 1065. Here’s what it is, and how to file it.

W-9 is the form you use to send people your Taxpayer identification number (TIF). Here’s how to fill it out properly.

A simple guide to state taxes for small businesses in California. We break down the different state taxes your business may be required to pay, and how much they’ll cost you.

Learn to fill out IRS Form 433-D for setting up Direct Debit Installment Agreements. We cover the essentials: required documents, application steps, and how to submit your form for automatic tax payments.

File IRS Form 8300 within 15 days of receiving cash over $10,000 to report transaction details and payer information, ensuring compliance and avoiding penalties.

Form 2210 Explained: Calculate and address underpayment of estimated taxes for individuals and businesses, outlining penalty calculations and waiver options.

Learn to file and issue IRS 1099-MISC form for rents, royalties,and healthcare payments, including instructions and thresholds.

Run a sole proprietorship? Here's everything you need to know about filing your taxes.

Choosing between the standard and itemized deduction is a big choice small business owners make every tax filing. We've got the low down on what they are and how to choose between them.

A step-by-step walkthrough on how to fill out Form 8829 for home office expenses.

Need some extra time to file your federal tax return? You can ask the IRS for a six-month extension using Form 4868.

Here are the IRS tax brackets for 2023, how they work, and why they keep changing.

Don't be blindsided by tax season responsibilities. In this guide, we give you all the tips for a smooth tax filing.

Every dollar in tax credits saves you a dollar on your taxes and can even turn your tax bill into a refund.

If you hire employees and held onto some of their paycheck for tax payments, you’ll need to file Form 941. Here’s how to file it properly.

If you keep them waiting long enough, the IRS can seize or ‘levy’ your bank account and other assets to help cover your tax debts.

A CP504 is one of your last chances to repay your IRS balance without triggering further penalties, collection action, levies, and even liens on your property.

If you're running a business in Delaware, here's what you need to know about the tax laws.

If you're running a business in Wyoming, here's what you need to know about the tax laws.

S corps get some interesting tax benefits. Here's how it all works.

If you made more than $400 in self-employment income this year, you have to file Schedule SE. Here’s how to do it properly.

If you want retirement benefits, federal disability insurance, or any other kind of Social Security, you need to pay Social Security tax. Here’s how.

You just found out there’s a UCC lien on your credit report. The question you’re probably wondering: is that good or bad?

If you're an employer filing a 1099, you'll also need to file Form 1096. Here's how.

In the United States, federal excise taxes are fees collected by the Internal Revenue Service (IRS) on certain goods and services. Here, we'll cover what the tax is, if you need to pay and how to pay it.

If you have employees and make quarterly FUTA tax payments, every calendar year you’ll have to submit Form 940 to report all of those FUTA taxes you’re paying. Here’s how.

If the IRS suspects you might have made a mistake in filing your taxes, they’ll send you an automated CP2000 notice. Here’s what to do if you get one.

Around three quarters of business owners use personal money to fund a budding business? Thankfully, a range of business startup expenses are tax deductible.

Incorporating a business in Delaware comes with certain advantages. Here's how to pay your Delaware franchise tax and submit the annual report and filing fee.

A simple guide to which employee benefits your business can and can’t deduct.

You've filled out your tax return. Now how do you check for mistakes?

S corp vs C corp—what’s the difference, and which one is right for your business?

An overview of New York State taxes for small businesses, what to expect to pay if you operate in the state, and a guide to calculate them.

As an LLC, you get to choose how you're taxed. Here's how that works.

A brief introduction to the two most popular IRS forms for reporting non-employee compensation and other payments: forms 1099-MISC and 1099-NEC.

You might be able to take a big chunk out of your LLC’s federal tax bill by electing to be taxed as a corporation. To do that, you’ll need to file Form 8832.

To shred or not to shred? Here's an overview of the small business records you should keep, and methods for filing digital copies of your records online.

Form 7004 is what some businesses need to file to get an extension on submitting tax forms. Here's what you need to know and how to fill it out.

If you’re a self-employed freelancer, you have to pay your business and self-employment taxes quarterly. Here’s how to start doing that.

A plain English guide to adjusted gross income, the single most important number on your tax return.

Just hired your first employee? It probably means you have to start making quarterly state unemployment tax (SUTA) payments to your state. Here's what that means for your business.

A collection of our favorite weird tax stories and tax mistakes, and what you can learn from them.

How to automate your bookkeeping, and save time and money.

A simple, visual guide to debits and credits. Beginners welcome.

We'll indulge your fantasy of what would happen if you stopped doing bookkeeping. But it's not a pretty picture.

Learn what cash flow is, why it's crucial for your business, and discover strategies to manage your cash flow for better financial health and stability.

What’s the difference between personal and business bookkeeping, and which one do you actually need?

Tired of keeping track of your entire business in your head? It's time to start tracking your business expenses.

What are the different types of credit card processors? And how do you pick the right one for your small business?

Looking for a business line of credit? Here are your best options, between the big banks, online lenders, and the SBA.

Business credit scores. How do they work? Why do they matter? We do a deep dive to get you some answers.

You need a business bank account, but which is right for you? From checking and savings to merchant accounts, here’s what you need to know to get started.

This is a beginner's guide to business lines of credit: how they work, why you should get one, and what to look out for when you do.

If you haven't started collecting revenue, you may let bookkeeping slide. But those early expenses need to be tracked whether it's in a spreadsheet, in a software, or on the back of a napkin.

Before you form a C corporation, make sure you're familiar with the pros and cons of this popular business structure.

Incorporation is a time-consuming, expensive process with lots of moving parts. Here's a simple guide to doing it right.

What is a general partnership? And how is it different from other partnership types?

Your articles of incorporation are what transform your business from an idea into a bona fide legal entity. Learn why that's important and how to file properly.

What is a limited partnership, exactly? And how is it different from a general partnership?

Not sure what an LLC is or how to start one? Here’s a crash course to limited liability corporations.

Accidents happen. If you don’t want them to bankrupt your business, you probably need some kind of small business insurance. We round up the best small business insurance providers of 2023.

Everything you need to know about workers' comp: what it is, who needs it, how to get it, and more.

If you’re a woman and own a business, you might be eligible for the following small business grants.

What's the difference between a 1099 and a W-2? Which should I hire?

A complete guide to managing inventory for small businesses.

This is our complete guide to independent contractor status: how to become one, how it’s different than being an employee, and how your finances work when you become one.