Drowning in paper receipts? Or worse: are you worried you’ve lost all of your receipts? It might be time to invest in a receipt scanning app. Here’s what we recommend.
Shopping for small business accounting software can be painful and confusing. To make your search easier, we’ve narrowed it down to these twelve picks.
The year-over-year growth formula is one of the most reliable ways of tracking your long-term growth. Here's how it works.
Thinking about offering your clients net 30 payment terms? Here’s what that could mean for your business.
QuickBooks isn't for everyone. Here are 11 alternatives to explore, each with a different emphasis.
If you’ve received a good or service and plan to pay for it in the future, you have to record it in your books as an accrued expense. Here’s how to do it properly.
Taxes that haven't been paid when they are due are called “back taxes,” and they can be a huge headache.
Run a sole proprietorship? Here's everything you need to know about filing your taxes.
Choosing between the standard and itemized deduction is a big choice small business owners make every tax filing. We've got the low down on what they are and how to choose between them.
If you’re in a partnership, the IRS won’t accept your tax return unless you also attach Schedule K-1 of Form 1065. Here’s what it is, and how to file it.
Need some extra time to file your federal tax return? You can ask the IRS for a six-month extension using Form 4868.
If you made more than $400 in self-employment income this year, you have to file Schedule SE. Here’s how to do it properly.
A step-by-step walkthrough on how to fill out Form 8829 for home office expenses.
If you hire employees and held onto some of their paycheck for tax payments, you’ll need to file Form 941. Here’s how to file it properly.
Don't be blindsided by tax season responsibilities. In this guide, we give you all the tips for a smooth tax filing.
Here are the IRS tax brackets for 2023, how they work, and why they keep changing.
W-9 is the form you use to send people your Taxpayer identification number (TIF). Here’s how to fill it out properly.
No one knows more about taxes than enrolled agents. Here’s how to hire one.
You just found out there’s a UCC lien on your credit report. The question you’re probably wondering: is that good or bad?
If you want retirement benefits, federal disability insurance, or any other kind of Social Security, you need to pay Social Security tax. Here’s how.
If you're an employer filing a 1099, you'll also need to file Form 1096. Here's how.
Every dollar in tax credits saves you a dollar on your taxes and can even turn your tax bill into a refund.
In the United States, federal excise taxes are fees collected by the Internal Revenue Service (IRS) on certain goods and services. Here, we'll cover what the tax is, if you need to pay and how to pay it.
A simple guide to state taxes for small businesses in California. We break down the different state taxes your business may be required to pay, and how much they’ll cost you.
If you have employees and make quarterly FUTA tax payments, every calendar year you’ll have to submit Form 940 to report all of those FUTA taxes you’re paying. Here’s how.
If the IRS suspects you might have made a mistake in filing your taxes, they’ll send you an automated CP2000 notice. Here’s what to do if you get one.
Around three quarters of business owners use personal money to fund a budding business? Thankfully, a range of business startup expenses are tax deductible.
Incorporating a business in Delaware comes with certain advantages. Here's how to pay your Delaware franchise tax and submit the annual report and filing fee.
S corp vs C corp—what’s the difference, and which one is right for your business?
An at-a-glance tax deadline resource for C corporations and LLCs electing to be taxed as corporations.
An overview of New York State taxes for small businesses, what to expect to pay if you operate in the state, and a guide to calculate them.
S corporations may not have to pay federal corporate income tax, but you are still required to report that income (or loss).
A brief introduction to the two most popular IRS forms for reporting non-employee compensation and other payments: forms 1099-MISC and 1099-NEC.
You might be able to take a big chunk out of your LLC’s federal tax bill by electing to be taxed as a corporation. To do that, you’ll need to file Form 8832.
To shred or not to shred? Here's an overview of the small business records you should keep, and methods for filing digital copies of your records online.
Form 7004 is what some businesses need to file to get an extension on submitting tax forms. Here's what you need to know and how to fill it out.
If you’re a self-employed freelancer, you have to pay your business and self-employment taxes quarterly. Here’s how to start doing that.
A plain English guide to adjusted gross income, the single most important number on your tax return.
Just hired your first employee? It probably means you have to start making quarterly state unemployment tax (SUTA) payments to your state. Here's what that means for your business.
A collection of our favorite weird tax stories and tax mistakes, and what you can learn from them.
If you run a partnership in Canada, you might have to file CRA form T5013. Here’s how to do it properly.
We'll indulge your fantasy of what would happen if you stopped doing bookkeeping. But it's not a pretty picture.
If you're a CPA or tax professional, learn more about how you can empower your clients to bring complete bookkeeping for tax filing with Bench.
What’s the difference between personal and business bookkeeping, and which one do you actually need?
Tired of keeping track of your entire business in your head? It's time to start tracking your business expenses.
What are the different types of credit card processors? And how do you pick the right one for your small business?
Looking for a business line of credit? Here are your best options, between the big banks, online lenders, and the SBA.
Business credit scores. How do they work? Why do they matter? We do a deep dive to get you some answers.
You need a business bank account, but which is right for you? From checking and savings to merchant accounts, here’s what you need to know to get started.
Need a bit of extra capital to get your business up and running? You might be able to get by with a startup loan. Here’s everything you should look out for when shopping for one.
Before you form a C corporation, make sure you're familiar with the pros and cons of this popular business structure.
Incorporation is a time-consuming, expensive process with lots of moving parts. Here's a simple guide to doing it right.
What is a general partnership? And how is it different from other partnership types?
If you haven't started collecting revenue, you may let bookkeeping slide. But those early expenses need to be tracked whether it's in a spreadsheet, in a software, or on the back of a napkin.
Your articles of incorporation are what transform your business from an idea into a bona fide legal entity. Learn why that's important and how to file properly.
Not sure what an LLC is or how to start one? Here’s a crash course to limited liability corporations.
Everything you need to know about workers' comp: what it is, who needs it, how to get it, and more.
Accidents happen. If you don’t want them to bankrupt your business, you probably need some kind of small business insurance. We round up the best small business insurance providers of 2023.
If you’re a woman and own a business, you might be eligible for the following small business grants.
What are virtual assistants, and how exactly are they supposed to “assist” me? Here are 36 ways they can help you.
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