Your Small Business Resource
This article was last edited on 11/18/2019. For updated information on Form 5498, visit https://www.irs.gov/forms-pubs/about-form-5498. If anyone on your small business staff, like many Americans, uses an individual retirement arrangement (IRA) to prepare for...
A lot of people don’t carry cash anymore. You’d probably prefer it if people bought your products or services in cash because you’d be paid immediately. Many people shopping at your small business, however,...
A lot of people don’t carry around cash anymore, so your small business will probably need to accept credit cards. So, you’ll face several different fees, including card brand fees, interchange fees, and chargeback...
You can trace direct expenses back to a specific product, service, customer, or project. Indirect expenses, on the other hand, cannot be tracked back to something specific. On the surface, that may seem pretty...
As a small business owner, you have a few ways you can pay yourself. The options available to you mostly depends on your business’s entity type. Business Entity Ways to Pay Yourself Sole proprietorship...
When you’re starting a business, you need money, and sometimes you need a little help getting it. Maybe you ran into some unexpected expenses, you have to pay your manufacturer, or you need a...
You have a great idea and decided to start a business. Congratulations! You’ve taken the first step to becoming a small business owner. The path ahead of you won’t be easy, but it will...
Usually during a chargeback, the credit card company will side with their cardholders – leaving you to foot the bill. It’s particularly painful if you didn’t do anything wrong and the chargeback was initiated...
Petty cash is a small amount of discretionary funds that your business uses to make change for customers or when it doesn’t make sense to write a check. It can help you pay for...
When you’re an employee, you might not worry too much about how to save for retirement – you ask your employer to take some money out of each paycheck, then they invest that in...