Featured · Tax · 3 min read
What Is Depreciation? A Small Business Guide
Depreciation spreads the cost of long-lived assets over time. Here is what it means for your books and taxes, and the records to keep.
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Resources for Business Owners
Practical guides on bookkeeping, accounting and tax topics for US small businesses.
Tax• 3 min read
Sales Tax Nexus Basics: When Might You Need to Register?
Sales tax is set state by state. Here is what "nexus" means, why it matters for growing businesses and what records help you assess it.
Bookkeeping• 3 min read
How to Separate Business and Personal Finances
Mixing personal and business money makes bookkeeping slower and tax records weaker. Here is how to separate them and keep them separate.
Tax• 3 min read
Self-Employment Tax Explained
If you work for yourself, you generally pay Social Security and Medicare tax through self-employment tax. Here is how it works.
Bookkeeping• 3 min read
Tracking Startup Costs Before and After You Launch
Knowing what it costs to start helps you plan funding and set up clean books. Here is how to estimate and track startup costs.
Tax• 3 min read
Travel and Meal Expenses: What Records to Keep
Travel, meals and transportation have specific recordkeeping rules. Here is what the IRS covers and what records to keep.
Bookkeeping• 3 min read
How to Read a Profit and Loss Statement
Your profit and loss statement shows whether the business made money and why. Here is how to read it section by section, and what to look for.
Bookkeeping• 3 min read
How to Read a Balance Sheet for Your Small Business
The balance sheet shows what your business owns and owes on a given day. Here is how to read it and which balances to check each month.
Bookkeeping• 3 min read
QuickBooks Cleanup Checklist: Fixing Messy Books
A messy QuickBooks file makes every report suspect. Use this checklist to find and fix the most common problems.