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Accounting Indicators to Be Aware of When Scaling Your Business Accounting Indicators to Be Aware of When Scaling Your Business Owning a business is no simple job. It requires many resources as your business grows but also requires a great amount of research and knowledge as you scale your business. Knowing what to look for...

As everyone is trying to learn new ways to manage the COVID-19 effects on their personal and professional lives, many businesses are trying to learn how to navigate monthly closing remotely.

In the early hours of January 1, 2013, the Senate passed, by an 89-8 vote, the American Taxpayer Relief Act of 2012 (P.L. 112-240), which, along with many other provisions, permanently extends the so-called Bush-era tax cuts for low- and middle-income individuals.

When running a small business, you come across a lot of jargon being tossed around. You may hear words like “profit” and “profitability” and mistake them to mean the same thing.

In the freelance or small business world, late invoices are frustrating at the least and highly problematic at the worst. As a freelancer or small business owner, it’s essential to business that invoices are paid on time so that employees can be paid, bills will be on time, and so forth. Thus, implementing a process for charging late fees can deter customers from paying their invoices late.

House and Senate lawmakers on May 10 blasted the IRS after learning that the Service had targeted approximately 75 conservative groups for additional scrutiny.

As great as it would be if all customers were honest customers and paid what they owe every time, every once in awhile, you’re bound to run into a bad egg or two. Writing off bad business debts may require changing your business accounting up quite a bit, but in the end, you will likely find it highly useful for balancing income and loss.

With the emergence of Robot Process Automation (RPA), a slew of questions arise. What is the role of RPA? Can RPA help my small business? Will RPA automate the accounting process to the point that accountants are no longer needed, and people lose their jobs?

When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

The Patient Protection and Affordable Care Act (P.L.111–148), (as amended by the Health Care and Education Reconciliation Act of 2010 (Pub.L. 111-152), contains a 3.8% net investment income tax (NIIT), that will impact estate and trusts, starting in 2013.