Janet Berry-Johnson, CPA

A good CPA isn’t cheap, but their deep accounting, tax, and financial knowledge can benefit your business in the long run.

Net income, net earnings, bottom line—this important metric goes by many names. Here’s how to calculate net income and why it matters.

If you had to liquidate your business today, how much could you get out of it? Your owner’s equity account has the answers.

Find the best trucking accounting software for your business with our comparison guide. Read about features, pricing, and more to make the best decision for your company.

Accounting for a medical practice has some unique challenges. Follow these best practices to keep your practice in the black.

How profitable is your small business? Gross profit and net profit will tell you.

Accountants aren’t just numbers people—they’re business advisors.

Trying to analyze your business performance? Here’s how to calculate and evaluate ten crucial financial ratios.

A federal tax lien is the government's legal claim against your property when you don’t pay the taxes you owe. Federal tax liens apply to all assets, including real estate, personal property, and financial accounts. They ensure that the government gets paid before other creditors if you sell your property.It might sound scary, but there are ways to address it.

You've heard of "spend money to make money," but what about "spend money to save money"? That's the case with tax deductions and you won't want to leave any on the table.

Here’s what you need to know about itemized deductions, the standard deduction, and how to choose between them when preparing your tax return.

Confused about Form 1040? You’re not alone. Here’s a clearer look at how to file your income tax this year.

Many people are unaware that they don't need receipts to claim common tax deductions. Here are some of the most common ones business owners can make without a receipt.

Tax time can be confusing for rideshare drivers. We break it all down and give you exactly what you need to file your tax return.

Here’s a list of small business tax deductions commonly available to entrepreneurs. Check it twice, and make sure you’re claiming everything you can.

If you're self-employed, here are the taxes you need to pay.

If you missed filing a previous year’s tax return, don’t count on the IRS forgetting about it. There are several reasons to file your tax return retroactively.

Your employees don’t need to wear lab coats for you to benefit from the R&D tax credit. Read this to find out whether your small business qualifies.

Alternative Minimum Tax is aimed at high-earners, to make sure they pay their faire share. Here's how it works.

For select businesses, easy tax savings are just one form away. Rather than figure out how to take advantage of this on your own, check out our simple guide.

Learn the fundamentals of small business tax rates so you’ll know what to expect at tax time.

Bonus depreciation can deliver serious tax savings for your small business. Here’s what you need to know.

The IRS may be getting an additional $80 million to help enforce tax law, but your chances of facing an IRS audit are likely the same as they’ve always been.

Self-employed? Here’s a list of the common tax deductions to take advantage of.

Figuring out your business’ taxable income is the first step toward estimating how much tax your business will owe.

Corporations use Form 1120-W to calculate their estimated tax payments (although there are easier ways to go about it!)

Use Form 1127 to ask the IRS for more time to pay your tax bill and minimize penalties.

When you can’t afford to pay your back taxes, you have options. The first step is usually filling out Form 433-B.

Here’s how to decide whether to structure your business as a Limited Liability Company or a Subchapter S Corporation.

Make a big purchase for your business? For new equipment, machinery, or other capital assets, you can maximize the deduction this year using the Section 179 deduction.

The IRS recently reintroduced Form 1099-NEC, used to report non-employee compensation. Here's how it works.

The U.S. federal government just passed a $2 trillion relief bill (the CARES Act). Here's how it benefits small businesses.

Learn the basics of FICA taxes so you know who needs to pay them and how much they are.

Journal entries record the day-to-day financial activities of your business. Here's why that matters.

Law firm bookkeeping can be tricky. If you’re not sure where to start, these best practices can help.

Wondering which online bookkeeping service is best for your business? This in-depth comparison of Xendoo and Bench will help you decide!

Do you really need to catch up on old bookkeeping? Or just focus on the future? Here’s your answer.

Both Pilot and Bench offer bookkeeping services that link your financial accounts and record transactions. How do you decide which is a better fit for your small business?

When you've just started your business, it's simple to keep using personal bank accounts to cover expenses. But there's easy benefits to be had in starting a bank account and keeping your business and personal funds separate.

If you have some extra cash, CDs and savings accounts are safe and reliable options for earning interest on your money. Here’s how to choose between the two.

Loan payments actually have two parts, principal and interest. Here's how that works.

Here’s how to decide whether to structure your business as a sole proprietorship or an LLC—and options if you outgrow either of those entities.

Cash is king. Here's how to make sure you have enough of it next month (and the month after that).

Categorizing your expenses correctly will make everything easier, from filing your taxes to developing your budget. Learn more and download our free expense tracker.

When you learn how to do a basic cash flow analysis, you’ll feel more confident about making business decisions.

Do your customers use the terms "quote" and "estimate" interchangeably?

As long as you use them for different purposes, you can use the PPP and EIDL loans at the same time. Here's how.

If COVID-19 has shut down your business, there are still options available for you. Here are six ways you can take action today.

If you got your PPP loan before June 5, you can choose between an 8-week or 24-week forgiveness period. Here's how to decide which one to go for.

Passive companies normally can't get an SBA loan. But under the PPP, there is an exception. Here's everything you need to know.

Got employees? Then you need to run payroll. Here’s what that means.