Most business owners read their profit and loss statement every month but rarely look at their balance sheet. That’s a mistake, because these two reports
Most people have heard of a financial audit, but not many know about a governance audit, even though it’s very important for many organizations. In
Most business owners have receipts scattered everywhere, in a drawer, a shoebox, or a photo roll. Then tax season arrives, and suddenly they’re trying to
If you sell physical products, inventory and cost of goods sold (COGS) are two of the most important numbers in your business. Many business owners
If you live, work, or run a business in Texas, you’ve probably asked yourself, “Does Texas have a state income tax?” The short answer is
Say a client pays you $12,000 up front for a full year of work. The money is in your bank account, so it might feel
Getting taxed on money you never actually received seems unfair. It occurs more often than people think, and it’s called a “phantom tax.” It happens
Running a business and keeping the books straight at the same time is hard. Most business owners are focused on serving customers, growing the company,
The debate around 1099 vs W-4 tends to arise when companies hire workers or independent contractors, or when any individual starts freelancing or becomes a
Setting up an LLC is one of the first big steps in starting a business. It helps protect your personal assets and gives your business
