February 14, 2022
Charles Lutwidge
What to Do If You Missed 1099 Deadline
Small businesses often use the services of contractors or non-employees to save the budget. But in that case, they have to file a 1099 form to the IRS. Study the article to learn what are 1099 forms. What is a...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
February 11, 2022
Charles Lutwidge
What Is Expense Management and Why Is It Important
Managing business expenses is a must for every business, organization, and even self-employed person. It’s a rather tedious and challenging process, even if a business is small. It is possible to track expenses manually or with the aid of software....
February 07, 2022
Charles Lutwidge
What Is Inventory Tracking
Supply chains all around the world keep facing disruption issues. That’s a serious problem but the solution was found. There are great ways of tracking a company’s inventory so that managers react on time and offer supply to customers’ demands....
February 04, 2022
Charles Lutwidge
What Is a Sole Proprietorship
Starting a business can be both an intimidating and exciting process. On the one hand, it’s fun to make a dream come true. But on the other, you have to register a business, pay taxes, manage finances, etc. Choosing a...
January 28, 2022
Charles Lutwidge
Grant Accounting
Organizations that depend on grants should consider grant accounting to register financial statements properly. Grant accounting is a method used to record government grants and other types of assistance. Businesses use the grant accounting method to keep track of grant...
January 27, 2022
Charles Lutwidge
Depreciable Property Definition
A depreciable type of property is a business asset with a lifespan. It’s an asset that is qualified as a business expense and may provide the company with tax benefits throughout the years. Check out the article to learn the...
January 26, 2022
Charles Lutwidge
Nonprofit Audit Guide
Nonprofit organizations are exempt from filing taxes. But it doesn’t mean that the organization won’t have to conduct an independent audit since they have to record financial statements and keep documentation. The state or federal agencies don’t always require a...
January 25, 2022
Charles Lutwidge
List of Small Business Tax Deductions
Small business owners can reduce the tax burden by benefiting from legal tax deductions. Unfortunately, not all business owners educate themselves about tax deductions, so they lose the opportunity to increase their revenue. Using tax deductions to decrease taxable income...
