Resources
Business Basics
Gross profit and net income are widely followed measures of a company’s profitability. They both gauge performance but in different ways by focusing on all or only a select few expenses.
One crucial aspect of managing your business finances is understanding and maximizing tax deductions. By identifying and properly categorizing your expenses, you can significantly reduce your taxable income.
Maintaining a healthy cash flow—or what you take in for revenues and what you put out or spend on expenses—is important to your company's long-term growth and success.
Complete a competitive analysis when your company isn’t moving forward as fast as you want or when competitors are securing orders from your ideal customers.
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4 Financial Statements to Manage Small Business Finances
Financial statements can be a tool to help small business owners better understand and manage their business finances—especially when it comes to cash flow.
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Gross Profit Percentage and Operating Cash Flow
Key performance indicators (KPIs) are essential for business owners to track over time in order to make well-informed business decisions. This data will help business owners make decisions that directly impact the business today and in the future.
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Financial Statements: List of Types and How to Read Them
The primary financial statements of for-profit businesses include the balance sheet, income statement, statement of cash flow, and statement of changes in equity.
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What is a 1099 Contractor? The Difference Between W-2 Employees and 1099 Contractors
What is a 1099 Contractor? Discover the key differences between 1099 employees and W-2 employees, including when to use each form.
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A quick guide to financial statements for small businesses
In the world of small business finance, staying on top of your numbers is non-negotiable. But it’s not just about crunching numbers; it’s about understanding the story they tell.
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What is an Employer Identification Number (EIN)?
An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity. You can apply for one on irs.gov.
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A Guide To Business Banking
Learn more about business banking and banking services available for small business owners, including business bank accounts, credit cards, payment processing, and more.
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Strategies to Minimize your US Small Business Tax Liability
In the complicated world of small business ownership, understanding and strategically managing tax liabilities can be the difference between thriving and merely surviving.
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Business Money Market vs CD: Which Is Best?
The main difference between a business money market vs a CD regarding interest is the structure. MMAs use stacked tiers, whereas CDs use timed terms.
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Supply Chain Management: What Small Businesses Need to Know
For product-based businesses, supply chain management is a critical part of operations. Here’s what you need to know about properly handling your supply chain.
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Cash vs. Accrual Method of Accounting
The accounting method you choose matters, but how do you know which is best for your business?… Read on to learn more about each method, how they work and which is most suitable for your business.
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What Is Franchise Tax?
If you make a certain amount of sales or have employees, it could mean your business needs to pay a franchise tax. Learn about which states impose a franchise tax and if your business might be impacted.
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ACH Transactions: What Every Small Business Should Know
ACH payments are among the lowest-cost and most secure payment methods, making them an ideal option for transferring funds for a wide range of purposes, including small business payments.