Rebecca Garland

A business income statement includes both gross and net income. Each can provide valuable information about the overall health of your small business.

IRS penalties and interest begin accruing immediately if you do not file your LLC tax return. But the good news is that you can return to good standing by filing back taxes and paying your tax obligation.

If you file your taxes after the due date, you can expect IRS penalties.

The IRS can collect unpaid taxes through levies, liens, and offsetting tax refunds, unless you negotiate a payment plan.

Learn about the potential consequences and implications of receiving an IRS Letter 1058 or LT11, also known as a "Final Notice Of Intent To Levy."

Managing your taxes can feel overwhelming, but it doesn't have to be. Get organized with our list of the top tax preparation tips for small businesses.

If you're behind on your income taxes, a tax relief program can help get your business back in compliance with the IRS.

When it comes to taxes, LLCs are one of the most flexible business structures available to small business owners.

So what really happens if you don't file your business taxes? Learn the IRS rules and fees around unfiled taxes, plus how to get up to date if you're behind.

While most employees file taxes once per year, as a small business owner, you make more frequent payments to the IRS.

There are other ways to find supporting documents to prove your income and expenses to the IRS if you don't have your receipts.

While some audits are random, others can be avoided by being aware of the most common red flags.

Bench offers more comprehensive bookkeeping, accounting, and tax support to Amazon sellers than DIY accounting solutions like QuickBooks.

As an Amazon seller, you may find bookkeeping for your ecommerce business a little daunting. Here's how (and why!) to stay on top of your books.

As a business owner, you know that you need to keep a document trail for tax purposes. But what do you need to keep to satisfy IRS receipt requirements?

If bookkeeping isn't your favorite activity, you're not alone. Crunch the numbers a bit faster with these bookkeeping tips to help simplify the process.

Take advantage of low fees, mobile banking tools, and comprehensive financial services by opening an online business bank account. Here are our top 8 choices.

Take advantage of low fees, mobile banking tools, and comprehensive financial services by opening an online business bank account.

Online banks have far fewer requirements than traditional banks. While the barriers to entry are much lower, the benefits are just as good (or better!)

Opening a business bank account is a simple process that can help protect your liability and assets when it comes to making money.

Is it time to hire your first employee? Knowing how to hire is a critical part of owning a business. We've got 11 steps to help you find the best candidate.

Registering your business name should be one of your first steps in starting a new business. It can offer tax benefits as well as personal liability protection.

Protect your small business from the effects of inflation by staying on top of your books, analyzing your profit margins, and adapting your business practices.

Every business needs to raise prices at some point—but how do you tell your customers? A price increase letter template can help.

The best way to pay yourself from your small business depends on your small business structure, your business’s development stage, and your respective tax obligations. Here's how to decide what makes sense for you.

By automating parts of your business, you can improve inefficiencies, reduce costs, eliminate human error, and increase customer satisfaction.