Accounting Basics

Reducing your tax liability can be a huge relief to your small business. Individual taxpayers and business…

As a business owner, you might offer a variety of benefits to your employees, including…

There are many different accounts you can use to record equity in your business accounting books.…

As a small business owner, you have many accounting responsibilities, like tracking your business transactions,…

Independent contractor vs. employee classification Before we dive into more about workers misclassified as independent…

A risk-adjusted return is when you or an investor (e.g., small business angel investors) measures the…

Employers pay their FUTA tax to the IRS either quarterly or once a year, depending…

The federal FUTA tax rate is 6% on the first $7,000 paid to each employee.…

The Federal Unemployment Tax Act (FUTA) requires employers to pay a tax of 6% on…

There are a number of factors to consider when deciding which entity type to choose…