For more than a decade, business owners like you and me have enjoyed running our companies in a low-inflation, low-interest environment. But that's... Continue
Controlling costs is essential to running a profitable business. If you don't keep track of your operating expenses, it can become nearly impossible to catch issues that reduce your business's profitability. You may even risk allowing... Continue
Inflation has been rising at record-breaking rates. What are its drivers, and will it ever slow down? Let's start by understanding inflation and the various factors that contribute to it. We'll then discuss how policymakers attempt to... Continue
If you're a small business owner, you may be eligible for a tax credit called the employee retention credit (ERC). This refundable tax credit benefits businesses that kept employees on the payroll during the COVID-19... Continue
Self-employment comes with many perks. But when tax time comes around, it also means you'll be filing more than just Form 1040. Chances are, you'll also need to file Schedule... Continue
The 2022 tax season is here. On January 24, the Internal Revenue Service (IRS) began accepting individual tax returns. However, if you're wondering what the last day to file taxes in 2022 is, the answer for most Americans is April... Continue
With small businesses continuing to face challenges brought on by the pandemic, the U.S. Department of Treasury has expanded the State Small Business Credit Initiative (SSBCI) Program as a part of The American Rescue Plan Act of 2021.... Continue
It costs money to make money, and much of what business owners spend on their companies — their business expenses — can be deducted from their gross income to reduce their taxes. The list of deductible business expenses includes... Continue
For years we've been led to believe that billing and collecting is just a normal part of doing business. We've also been told that receivables count as assets, that they represent the money customers owe you in exchange for products or... Continue
