August 10, 2022
Charles Lutwidge
Salary vs Owner’s Draw: How to Pay Yourself as a Business Owner?
People starting a business usually decide to launch their projects to get more money. But even if a business owner manages to generate significant income, they might encounter difficulties with paying themselves. Owning a business means that you have to...
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August 09, 2022
Charles Lutwidge
What is Net 30 Payment Terms
It can be tricky to get all invoices paid on time, which is why some businesses offer their customers more flexible terms. Giving enough time for clients to pay is a win-win situation since clients can properly manage their accounts...
August 05, 2022
Charles Lutwidge
What is Cost of Debt
Business owners who take loans from financial institutions are aware of such a concept, as the cost of debt. It’s a concept that a business owner must consider while using loaned money to improve business operations. Simply focusing on a...
August 04, 2022
Charles Lutwidge
Transposition Error
Transposition errors are not uncommon even in the digital era. It’s critical to regularly check your books to find transposition errors and fix them. Keep reading the article to learn more about the topic. What is a Transposition Error A...
July 29, 2022
Charles Lutwidge
What You Need to Know about IRS Receipts Requirements
It’s a well-known fact for all entrepreneurs that they have to keep receipts to claim deductions when it comes to filing taxes. But if you are launching a business for the first time, you might be interested in all types...
July 27, 2022
Charles Lutwidge
How to Calculate and Pay Estimated Taxes
Quarterly estimated taxes might seem like a heavy burden since taxpayers have to make calculations and pay four times a year. But typically, estimated tax payments may even reduce the tax burden when it’s tax season. Instead of worrying about...
July 25, 2022
Charles Lutwidge
For How Many Years Must You File Back Taxes
Filing tax returns is the most convenient way of taking care of back taxes. The IRS (Internal Revenue Service) has no official limitations of how long a taxpayer may file past due tax returns. It’s a tricky issue since taxpayers...
July 22, 2022
Charles Lutwidge
What is an Invoice Number And How To Generate It
A number always has to be assigned to an invoice, which affects the financial reporting and general documentation. Keep reading the article to learn what an invoice number is and why it’s important. Invoice Definition An invoice is a bill...
