Bookkeeping• 3 min read
Month-End Close Checklist for Small Businesses
A short, consistent month-end close is what turns transactions into reliable reports. Here is a checklist you can follow.
Resources
Resources for Business Owners
Practical guides on bookkeeping, accounting and tax topics for US small businesses.
Tax• 3 min read
Owner Draw vs Salary: How Business Owners Pay Themselves
Whether you take a draw or a salary depends on your business structure. Here is how each works and how to record it correctly.
Payroll• 3 min read
Payroll Tax Deposits: The Basics for New Employers
Employers must deposit withheld and employer payroll taxes on a schedule. Here is how deposits work and how to keep them on track.
Bookkeeping• 3 min read
How to Set Up a Chart of Accounts for a Small Business
Your chart of accounts decides what your financial reports can tell you. Here is how to structure one that stays useful as the business grows.
Payroll• 3 min read
Form 1099-NEC Basics for Small Businesses
If you pay independent contractors, Form 1099-NEC may apply. Here is what it reports, how W-9 fits in and how to keep year-end simple.
Bookkeeping• 3 min read
Catch-Up Bookkeeping: How to Get Months of Books Back on Track
Months behind on your books? Here is a practical order of work for catching up and the records you will need.
Tax• 3 min read
Home Office Deduction Basics
Working from home may qualify for a deduction, but only if IRS requirements are met. Here are the basics and the records to keep.
Tax• 3 min read
How to Get an EIN for Your Business
An EIN identifies your business to the IRS. You can get one free, directly from the IRS. Here is when you need one and how to apply.
Bookkeeping• 3 min read
Cash vs Accrual Accounting: Which Method Fits Your Business?
The cash and accrual methods record the same transactions at different times. Here is how they differ and what that means for your reports and taxes.