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.

Dive into the history of accounting with this blog post! Learn about the Waste Book, why it's the oldest book in accounting and how it's still relevant today.

Follow the journey of one of history's most influential figures in accounting, Luca Pacioli, the father of accounting.

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.

When it comes to taxes, LLCs are shapeshifters. Learn the right way to pay yourself, depending on your business structure.

Construction companies have unique accounting needs, which can make choosing an accounting software solution more challenging. Here’s our list of some of the top options for the industry.

How much are you spending and how much are you keeping? Profit and loss statements are the key to finding out.

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

A good budget helps you plan and build towards your business's future. These 7 tips on what to include in a budget will help you build a budget that works for you.

Learn the ins and outs of requesting a tax extension and avoid penalties. Find out how to ease tax season stress.

Non-deductible expenses are costs that cannot be subtracted from your income before it's assessed for tax. Understanding business tax deductions is crucial for the financial health and success of your small business.

Taxes that haven't been paid when they are due are called “back taxes,” and they can be a huge headache.

If you keep them waiting long enough, the IRS can seize or ‘levy’ your bank account and other assets to help cover your tax debts.

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.

If you’ve been penalized by the IRS for late tax filing or unpaid tax debt, IRS one-time forgiveness might be for you.

The IRS can audit returns filed within the last three years—but there are exceptions that can extend this period.

Tax season is ripe with scammers looking to trick people into handing over money. Here's what you need to watch out for.

The IRS can collect unpaid taxes through levies, liens, and offsetting tax refunds, unless you negotiate a payment plan.

If you file your taxes after the due date, you can expect IRS penalties.

The IRS Fresh Start program makes it easier for struggling taxpayers to resolve their tax debt and get back in good standing. Is it right for you?

A CP504 is one of your last chances to repay your IRS balance without triggering further penalties, collection action, levies, and even liens on your property.

Learn about the Employee Retention Tax Credit (ERC) and how it can significantly lower your federal quarterly payroll tax bill.

Filing an annual tax return is an important obligation for every business owner. Here’s what you need to know if you’re filing your taxes late.

Growing your side hustle? It could be your full time gig, but you should ask yourself these eight questions first.

If you're running a business in Delaware, here's what you need to know about the tax laws.

If you're running a business in Wyoming, here's what you need to know about the tax laws.

Founders, CFOs, and accountants are staring down a new tax paradigm, changing R&D from a deductible expense to a capitalized one. Learn more about the changes and how they impacts startups.

Learn about the potential consequences and implications of receiving an IRS Letter 1058 or LT11, also known as a "Final Notice Of Intent To Levy."

Discover what income tax liability means for your balance sheet and how to accurately track and report it. Get advice on how this critical element affects business decisions and operations.

These are the best states to incorporate your business in.

When you own stock in an S corporation, it's important to know how to calculate your basis. This article from Bench Accounting explains everything you need to know.

Unpaid tax debt affects many small business owners, but paying back that debt doesn't have to be stressful with these five tips.

In this guide you'll learn all there is to know about IRS Penalties: consequences, tips on avoiding them, how to stay compliant and more.

Everything you need to know about filing 1099s.

Having to calculate and pay estimated quarterly taxes four times a year may seem like a chore. But it can actually ease your burden come tax time.

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.

If you're a freelancer, this guide will help you get sorted out for tax season, so you can get back to billing clients.

To minimize your tax bill, you’ll need tax credits and deductions. But what’s the difference? Which shrinks your bill the most? Find out in our guide.

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

Writing off meals and entertainment for your small business can be pretty confusing. It all depends on the purpose of the meal, and who benefits from it.

Filing your business taxes early makes sense on many levels. Here are the dates you need to know.

There are two ways to deduct business mileage from your taxes. Which should you choose? The one that pays the most, of course.

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.

A simple breakdown of IRS forms W-2 and W-4.

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

Run a sole proprietorship? Here's everything you need to know about filing your taxes.

Keep your corporate tax obligations stress-free with this introduction to Form 1120.

If you own an S corp or share ownership in one with others, you can expect to receive Form 1120S K-1 at the end of the year.

While most employees file taxes once per year, as a small business owner, you make more frequent payments to the IRS.

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.

In a tight job market, pitching in on employees’ health insurance coverage can be a great way to attract and hold on to workers. The Small Business Health Care Tax Credit can help.

In addition to income taxes, online sellers must collect and remit sales tax. Learn how taxes apply on Amazon sellers and other ecommerce businesses.

If you haven’t filed your taxes in years, historical bookkeeping may seem unnecessary. But it’s actually critical for getting caught up. Here's three helpful tips to get you started.

The tax deadline is coming up quickly, and it’s important to file a 1099 by the January 31st deadline. Learn more about what penalties may occur if you fail to file your form in time.

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're self-employed, you'll need to fill out Schedule C at tax time. Here's a simple guide to doing that.

Form 1040-ES is essential for filing quarterly estimated taxes—and, luckily, it’s pretty straightforward.

S corps get some interesting tax benefits. Here's how it all works.

Keep your S corp tax filing stress-free with this introduction to Form 1120S.

If you’re depreciating assets on your tax return, you need to file Form 4562—here’s how you take care of it.

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

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.

If you owe a substantial amount in back taxes, you may have considered hiring a tax relief company. But how much will that cost you—and is it worth it?

A step-by-step walkthrough on how to fill out Form 8829 for home office expenses.

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.

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.

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.

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

Need more time to file your federal taxes? Here's the fastest way to get extension online.

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

Filing deadlines can creep up on you. Take a few minutes to save these 2023 tax filing deadlines to your calendar, and stay ahead of the IRS this year.

Don't be blindsided by tax season responsibilities. In this guide, we give you all the tips for a smooth tax filing.

Tired of waiting on hold? There are more ways to get help from the IRS than just calling their general help line.

Your small business realizes several benefits as a partnership, including potential tax savings.

The S corp election is a request filed with the IRS to change your business's tax status. Here's what that really means and why you should consider it.

Good news! You don’t need a degree to figure out how much tax your small business owes. We’ll show you how.

The standard deduction is an easy way to save on taxes, but it's not for everyone. We have everything you need to know before choosing to take it.

Here are the IRS tax brackets for 2023, how they work, and why they keep changing.

As a drop shipper, calculating sales tax can feel like an algebra problem. This guide will help you get clear on your sales tax obligations.

Getting blindsided by a big tax bill can interrupt your cash flow. Saving year-round means paying with confident and keeping your operation smooth.

With remote hiring crossing state borders, payroll taxation is getting more complicated. Our guide explains in detail how to go about it.

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?

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

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.

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.

Hiring foreign talent has never been so easy as it is today. Here's what you need to know to do it properly and stay on the IRS's good side.

With working from home being more normal, it's time to take advantage of the potential tax savings it grants you.

If you are a contractor or hired a contractor, it's time to get familiar with Form 1099-NEC. Here's everything you need to know about this change.

If you're an employer filing a 1099, you'll also need to file Form 1096. Here's how.

Here's what you need to know about the differences between Form W9 and Form 1099 so you can stay on top of your tax responsibilities.

A top-notch business website can improve your brand. Plus, you can deduct some web development costs on your tax return.

Aruba, Jamaica, oh I want to take you because it's tax deductible. That is, if it's considered travelling for business.

Managing your taxes can feel overwhelming, but it doesn't have to be. Get organized with our list of the top tax preparation tips for small businesses.

The IRS' offer in compromise (OIC) program for taxpayers who owe back taxes can be a way to settle your tax debt for less than you owe. But not everyone qualifies.

If your small business processes lots of debit or credit card payments, you might receive something called a 1099-K in the mail at the end of January. What exactly is 1099-K? And what should you do with it?

If you don’t know for sure whether or not you owe the IRS money, you could find yourself in trouble down the line. Here, we walk you through the steps to check your status for both your state and federal income tax.

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.

Don’t drown in the IRS website—read our plain-language guide to filing your small business taxes.

Every dollar in tax credits saves you a dollar on your taxes and can even turn your tax bill into a refund.

While you can’t escape tax season, you *can* make it less painful by claiming all of the deductions you’re eligible for as an ecommerce entrepreneur.

To help you get the most out of your small business tax return, here are five year end tax planning tactics to consider.

So just how far back can or should you go when filing back taxes? Here, learn about the time limitations, why and how to file back taxes, and the consequences of not filing.

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.

Missed your tax deadline? Don't panic. Read this guide for what to expect and how to move forward.

Trump's 2018 tax plan affects every small business in the U.S. There are big tax breaks C corporations, a 20% deduction for most service businesses, and a few changes to what expenses you can deduct.

What exactly are tax resolution services, and how can they help me?

Get a free excel bookkeeping template for small business owners, plus a quick and painless guide to doing your own bookkeeping.

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

At Bench, we understand the complexities of starting and running a business and that blending personal and business finances is sometimes inevitable even if it’s not in line with your business structure. Our seamless solution caters to your unique needs, providing the tools to still maintain proper and compliant books. Whether you operate as a sole proprietorship, partnership, LLC, or corporation, Bench has you covered.

How does up-to-date bookkeeping benefit your business? We thought you'd never ask.

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.

Sage Accounting is a popular option used by accounting firms and small businesses both. We examine their pricing, software and packages. Read our review of Sage's accounting services to see if it is the right solution for your business.

You became a therapist because you enjoy working with patients—not crunching numbers. Here are some basic best practices to streamline your bookkeeping so your private practice can thrive.

We'll indulge your fantasy of what would happen if you stopped doing bookkeeping. But it's not a pretty picture.

Bench offers more comprehensive bookkeeping, accounting, and tax support to Amazon sellers than DIY accounting solutions like QuickBooks.

Knowing your finances during a recession is especially important. Your Bench reports have all the essential information.

This comparison of a popular DIY bookkeeping product and Bench's full-service online solution will help you choose which is best for your small business.

One of Bench's partners, tax professional and Enrolled Agent Adam Short, shares why bookkeeping is so important to the tax resolution process.

If the month-end close process feels like a mountain of tedious admin, you're not alone. Our closing checklist can help you scale the summit with ease.

One of Bench's partners, tax professional Adam Short, shares why bookkeeping is so important to the tax resolution process.

As an Amazon seller, you may find bookkeeping for your ecommerce business a little daunting. Here's how (and why!) to stay on top of your books.

If your small business receipts are piling up, an expense tracker will help you stay organized and on top of your expenses. We have a few helpful suggestions.

Bookkeeping can be a chore, but there's many benefits to be had beyond being ready for tax season. Learn more about how you can use the reports provided to you to make better business decisions.

Ready to upgrade your small business bookkeeping from Excel? We break down the features and costs of the 8 best bookkeeping software options available.

Managing your books probably isn't the reason you opened your Etsy store, but this list of practical bookkeeping tips can help you stay up-to-date without taking too much time away from the fun parts of Etsy selling.

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?

One of the most common decisions our clients make is choosing between Bench or their CPA’s in-house bookkeeping services. To help you determine the best option for your business, we’ve rounded up the ins and outs of both here.

Adjusting entries keep everything in balance, making sure your expenses and revenue are accurate and up to date.

What’s the difference between Bench, and a traditional bookkeeper? We thought you’d never ask.

Bench is bookkeeping done for you. QuickBooks is...not. Here's a full breakdown of the differences between Bench and DIY software.

Everything you need to know about switching from DIY to done-for-you bookkeeping.

As a business owner, you know that you need to keep a document trail for tax purposes. But what do you need to keep to satisfy IRS receipt requirements?

If your business uses cash, receipts aren't optional.

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.

If your small business receipts are piling up, an expense tracker will help you stay organized and on top of your expenses. We have a few helpful suggestions.

What’s the difference between personal and business bookkeeping, and which one do you actually need?

Can you really afford a bookkeeper? The answer is probably yes. We look at the true cost of doing your own books, and why it usually makes sense to have someone else do it for you.

Bookkeeping may not stir excitement deep in your heart, but it also shouldn’t strike fear—this simple guide walks you through all of the basics.

Do your own books, they said. It'll be easy, they said.

Tired of keeping track of your entire business in your head? It's time to start tracking your business expenses.

Bank reconciliations might be boring, but they'll save your sanity at tax time.

We break down the ins and outs of a bookkeeper’s role and why a good one is worth their weight in gold.

Bookkeepers and accountants share common goals, but they support your business in different stages of the financial cycle. Here's how.

You already know you need to hire a bookkeeper. Here's your guide to finding the right one.

A simple, visual guide to debits and credits. Beginners welcome.

If bookkeeping isn't your favorite activity, you're not alone. Crunch the numbers a bit faster with these bookkeeping tips to help simplify the process.

If you’re suffering from any of these symptoms, it’s probably time to hire a bookkeeper.

Expense, debit, credit, or asset? Let's cover one of the most fundamental principles of small business bookkeeping: how to categorize business transactions.

Your clients need help with bookkeeping and you’re wondering if Bench is the right fit? We’ve compiled some common questions and info here for tax professionals working with Bench.

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.

On the fence about Bench? Here's an inside look at how we do your books.

Virtual bookkeeping is the latest thing. Here's what it is, and how to hire a good bookkeeper online.

Worried you messed up your books? Don't sweat it. Almost every entrepreneur makes at least one bookkeeping blunder while they're learning the ropes.

How to automate your bookkeeping, and save time and money.

Weigh the pros and cons of a DIY QuickBooks accounting setup for Shopify sellers. Learn about the features that make it easy to use, and assess if it's the right fit for your business.

When you’re ready to dump DIY bookkeeping and outsource to a pro, you’ve got a few options. We break down what's best for you.

When you get an EIDL loan, you need to stay current with your bookkeeping. Here's how.

We’ve compiled the best small business loans of 2022 in eight categories, so you can find the one that fits for your business.

Take advantage of low fees, mobile banking tools, and comprehensive financial services by opening an online business bank account. Here are our top 8 choices.

Take advantage of low fees, mobile banking tools, and comprehensive financial services by opening an online business bank account.

What are the different types of credit card processors? And how do you pick the right one for your small business?

Learn what happened to Silicon Valley Bank and Signature Bank, the details behind their collapse, and the ways SMBs can protect themselves against similar situations.

Every small business needs a bank. Here are the best ones for 2023

Looking for a business line of credit? Here are your best options, between the big banks, online lenders, and the SBA.

Applying for a business loan is stressful enough before they start asking for reports. Here's what you can start collecting now if you're preparing to apply for a business loan.

Business credit scores. How do they work? Why do they matter? We do a deep dive to get you some answers.

Keeping your payments secure is an ongoing concern for any business. Learn which B2B payment method is safest for you - ACH, wire or checks?

To preserve an LLC's liability protection, you need to keep your personal and business expenses separate. Here are the top 8 business bank accounts for LLC owners.

Learn how to open a business bank account. It's an important step in setting up your small business finances.

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.

Historically, minority-owned businesses have had a harder time accessing business loans. These nine loan programs seek to address that disparity.

Sorta fun fact: the APR on a loan isn’t the same as a percentage rate. Here’s how to understand the difference, so you can pick the most affordable loan for your business (and avoid paying more than you expect).

A loan can usher in a growth spurt for your business—but it takes some planning to qualify for one.

The only article you'll need to read to pick a small business credit card.

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.

Seven questions to ask for a quick financial health check of your business.

Your small business can boost sales and attract more customers just by accepting credit or debit card payments. But first, you’ll need a merchant account.

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.

Wondering if online banking is right for you? We break down the pros and cons, as well as a few safety tips to help you protect your financial information.

A financial detox is like a juice cleanse for your business. Only, instead of giving you low blood sugar and a craving for pizza, it gives you a more organized, more successful business.

Online banks have far fewer requirements than traditional banks. While the barriers to entry are much lower, the benefits are just as good (or better!)

Applying for a business loan is stressful enough before they start asking for reports. Here's what you can start collecting now if you're preparing to apply for a business loan.

Opening a business bank account is a simple process that can help protect your liability and assets when it comes to making money.

Need a quick cash boost for your business? A micro loan gets you funds of $50,000 or less—even if your business is brand new, or your credit record has seen better days.

The short answer is, maybe.

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.

There's a lot to know about small business loans. What kind of rate is fair? How much should you borrow? What's the best type of loan for you? We cover everything.

This is a beginner's guide to business lines of credit: how they work, why you should get one, and what to look out for when you do.

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

If you need funding for your new business, this list is for you. New business grants—free money—opportunities abound for businesses of all types.

As small businesses grow, they face brand new challenges. With this guide, you'll know what these challenges are and how to tackle them.

Growing your side hustle? It could be your full time gig, but you should ask yourself these eight questions first.

If you focus on building your personal brand as you're building your business, you'll be more successful. Here's how to do it.

Here are some of the best business financing options for women entrepreneurs.

Not to be confused with the C corporation, the S corporation is a unique tax filing status that provides access to significant tax benefits.

Want to be a small business owner, but don't want to start your own? We'll show you how to buy an existing business.

Think you might need a business license to operate your startup or small business? Here's what you need to know.

If you're thinking about taking an entrepreneurial leap, you want to make sure you've chosen well. Here are ideas for the most profitable small businesses.

Thinking of starting a business? Already got one and thinking of growth? In this guide, we cover the need to know information for new entrepreneurs.

An LLC license is a term used to describe the paperwork proving you've created a legitimate limited liability company. But does an official "LLC license" exist?

A business partner could be just what you need to take your business to the next level. Here's how to find one and make the most of your partnership.

Filing your articles of organization is an essential step to forming your new LLC. Our step-by-step guide tells you what that means and how to do it properly.

While an LLC is typically your safest bet when it comes to your business and personal asset protection, DBAs also have their place.

Registering your business name should be one of your first steps in starting a new business. It can offer tax benefits as well as personal liability protection.

As your business grows, you may want to upgrade its legal structure. This guide outlines how to transition your sole proprietorship to an LLC.

Wondering how long it should take for your small business to become profitable? Timelines can vary, but there are steps you can take to speed things up.

Getting ready to start your own business? Our comprehensive, actionable guide covers everything from pre-launch planning to post-launch strategies.

Clear, well-defined company milestones are crucial to building a successful business. Here are 10 milestones you should aim for in your first year of business.

Before a new employee can legally begin working for your business, they need to fill out several forms. We break down the required (and suggested) paperwork.

The Minority Business Enterprise program helps minority-owned businesses access new business opportunities and reach other financial benefits.

Ready to start an online business? An ecommerce business plan can help you organize your business, set concrete goals, and appeal to potential investors.

The cover page is the first thing potential investors see before they open your business plan. Make a good first impression with an eye-catching cover.

The sole proprietorship business structure is relatively easy to set up. Just make sure you're aware of its pros and cons before you get started.

Although C corps and LLCs have certain similarities, their unique features offer very different benefits for your business.

Is it time to hire your first employee? Knowing how to hire is a critical part of owning a business. We've got 11 steps to help you find the best candidate.

Understanding the cost of starting a business is critical to your long-term success. Here's where you can save (and where you really shouldn't).

Starting a new ecommerce business? Here’s what you need to know about obtaining the right licenses and permits to sell online.

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.

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.

Half of all businesses fail before their fifth birthday. Here are the twelve steps you need to follow to start a business with longevity.

Incorporation is a time-consuming, expensive process with lots of moving parts. Here's a simple guide to doing it right.

Whether it’s passive income or a new career, an online business can give you what you’re looking for—so long as you start out on the right foot.

We’ve broken down the process of starting a business in California into nine simple steps. Here’s how to get started.

You’ve got lessons to teach, and other business owners want to learn. But starting a consulting takes planning if it’s going to succeed. Here are 12 steps you can start now.

If you’re feeling inspired to start a dropshipping business, we've got you covered with our 13-step guide to setting up your business properly from day one.

Choosing a business structure is the first big decision you’ll make when starting up. We’ve broken down the pros and cons of each type of business to help.

A simple definition of a joint venture, how to form one, and how it's different from a partnership.

What is DBA? And when do you need one for your business?

Texas is low on taxes and business regulations, but you still need to follow the rules if you plan on starting your own business in the Lone Star State.

Before you form a C corporation, make sure you're familiar with the pros and cons of this popular business structure.

Sole proprietorship or partnership, C corporation or S corporation? We've got a foolproof guide to discovering the right entity type for your small business.

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.

Not sure what an LLC is or how to start one? Here’s a crash course to limited liability corporations.

What is a limited partnership, exactly? And how is it different from a general partnership?

Don’t you love it when a plan comes together? Writing a business plan doesn’t just help you get a loan or bring on investors—it also helps you look into the future of your business so you can make smart decisions in the present.

Love to cook? Want to run your own business? Starting a catering company could be the right move for you—and these 12 steps make it easy.

The cover page is the first thing potential investors see before they open your business plan. Make a good first impression with an eye-catching cover.

Buying into a franchise isn't for everyone. Here's everything you need to consider.

Understand the basics of equity instruments and explore real-world examples with our comprehensive guide. Gain insight into the world of finance and investing today.

This guide provides a roadmap to help you navigate through the intricacies of legal structures for your business.

It can be beneficial for your small business to become an S corp for big tax savings, but you should be cautious in how you pay yourself. Here we break down your three payroll options, which you should choose, and why.

If your gross margin isn’t enough to make your business profitable, it’s time to re-evaluate your pricing.

A recession can shrink revenue numbers and put you in a crunch. But knowing what a recession is and when it's coming will help you get by.

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

Learn how to automate your small business and stop devoting your time to boring tasks. Here are 19 areas of your business you can automate today.

Having the right productivity stack can simplify your day-to-day operations and keep you focused on the activities that directly generate revenue. Here's our top favorites.

Tracking miles can save you money in taxes, but you need to keep organized. Logbooks and paper records can make a mess. These mileage tracker apps keep your car from turning into a rolling filing cabinet.

Shareholder loans lets you temporarily move money in or out of a corporation. But there's a strict process you need to follow. Here's how.

If you’re looking to provide health insurance to shareholders in an S corporation, there’s a catch. We've got the rundown on what you need to know.

Annual reports are a simple form corporations need to file with the secretary of state. Here's what you need to know about them.

Unlock the secrets to analyzing a company's financials. Conduct a comprehensive review and discover tips on how to interpret financial data to gain valuable insights.

There's lots of benefits you could offer your employees. But which ones actually matter?

Proportionately, black businesses have less access to capital. Here are 7 different programs trying to address that inequality.

For ecommerce business owners, an upwards trend in cross-border online shopping means international expansion isn’t just a choice, but a necessity.

Everything you need to know about workers' comp: what it is, who needs it, how to get it, and more.

There's lots of benefits you could offer your employees. But which ones actually matter?

Who doesn’t want free money? Here’s a big list of U.S. small business grants, and how to win them.

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.

Three important considerations for forming a successful business strategy in 2023.

If you often find yourself feeling overwhelmed, insecure, or frustrated with how your business is currently running—bringing in a trusted advisor can be a game-changer.

Wondering how you can take advantage of the Black Friday rush and stand out from all the noise? Here are nine strategies for small businesses.

Use this free downloadable 2023 payroll calendar to manage your payroll for the upcoming year.

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

An SBA loan can help your business grow—here’s how to qualify for one.

What's the difference between a 1099 and a W-2? Which should I hire?

If the past few years have shown us anything, it’s just how crucial having an emergency fund for your company can be. Here's how to start saving.

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

Every business needs to raise prices at some point—but how do you tell your customers? A price increase letter template can help.

As an employer, having a solid understanding of the types of payroll deductions you need to withhold from your employees’ paychecks is crucial. Here's how to calculate employee deductions, plus some payroll pitfalls you'll want to avoid.

President Biden's Student Debt Relief Plan will positively impact small business owners. Here's how.

The Inflation Reduction Act of 2022 has several provisions that can help small business owners.

Protect your small business from the effects of inflation by staying on top of your books, analyzing your profit margins, and adapting your business practices.

The best way to pay yourself from your small business depends on your small business structure, your business’s development stage, and your respective tax obligations. Here's how to decide what makes sense for you.

If you’re wondering what is invoice factoring; we have the answer. Plus, we share what situations invoice factoring is used for and how it drives growth.

By automating parts of your business, you can improve inefficiencies, reduce costs, eliminate human error, and increase customer satisfaction.

Take the confusion out of payroll, and avoid costly fines, with our how-to payroll guide.

Business hacks are tips and tricks that help business owners and managers do more with limited resources. Find business hacks for ecommerce here.

Black business owners and entrepreneurs face unique challenges in growing their businesses. Business networking and mentorship groups can help.

Some things are better off in someone else’s hands.

Considering hiring abroad? It's easier than you may think!

A clear shipping policy for your online store saves you time and keeps your customers informed. Here's what you need to include and why it matters.

If you're a small business owner, you may not know what a registered agent is and if (or why) you need one. Here's what they do and how they can help.

As a business owner, you’ve likely heard the term “per diem” before—but what exactly does “per diem” mean? And what does it mean for your small business?

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

If you’re a woman and own a business, you might be eligible for the following small business grants.

A simple breakdown of how to spend your EIDL funds.

Finding a mentor on your own can be tricky. If you’re not sure where to start, we have some ideas.

What are virtual assistants, and how exactly are they supposed to “assist” me? Here are 36 ways they can help you.

EIDL loans past a certain amount will require collateral. Here's everything you need to know.

Veterans are, by and large, an entrepreneurial group. Here are the top 8 grants, training programs, and funding resources for veterans looking to start or grow a business.

PPP Direct Forgiveness is a new streamlined application process for PPP loan forgiveness. Here's a straightforward breakdown.

The EIDL loan and grant program has re-opened for all small businesses. Here's everything you need to know.

The top eight financial relief resources for minority-owned small businesses in the U.S.

Here’s our comprehensive guidance on setting yourself up for full loan forgiveness under the PPP, with the latest guidance from the U.S. Treasury.

With everything employers have to tackle, running a business can be tough. A Professional Employer Organization can help you focus on growing your business.

Is your small business based in New York and in need of financial assistance? The state has allocated $800 million for a new Business Pandemic Recovery Initiative.

Here's what an FTE is, and how to calculate your totals for the PPP.

A new stimulus bill was signed on December 27 making a second PPP loan available to eligible small businesses. We've got you covered on everything you need to know.

If you started business in 2020, you can still get a PPP loan if you began operations before February 15. Here's what you need to know about applying for a PPP loan as a new business.

If you're self-employed, you're still eligible for the Paycheck Protection Program. Here's how it works.

If you're applying for the Paycheck Protection Program, your "owner draws" don't count as salary. Here's how to properly fill out that section and calculate your "salary."

Here are the required documents you'll likely need to get approved for a PPP loan.

A simple breakdown of requirements to help you determine if you qualify for the second round of PPP funding to receive either your first or second PPP loan.

Some action steps to take if your PPP loan size isn't what you expected.

Certain businesses can request to increase their PPP loan amount in 2021. Read on for eligibility and how to calculate your PPP loan increase.

To receive a second PPP loan, eligible businesses are required to show a 25% reduction in revenue. We cover what this new requirement means and how to calculate it.

Are you planning to apply for the second round of PPP? We cover what you need to know about the process for getting a second PPP loan as a small business owner.

A second stimulus bill was passed with new benefits for small businesses. Read our simple guide to quickly learn how it impacts you.

Select businesses are eligible to apply for a second PPP loan. We’ve got the info you need to make applying a breeze.

Looking to have your PPP loan forgiven? We've compiled an up-to-date list of PPP lenders currently accepting loan forgiveness applications.

Whether you’re applying for a first draw PPP loan or a second draw PPP loan, here’s what you need to know about the Paycheck Protection Program.

The amount of your Paycheck Protection Program loan will depend on your salary expenses. Here's how to calculate your loan amount.

Businesses that missed out on a PPP loan in 2020 have a new opportunity to apply in 2021.

The Restaurant Revitalization Fund offers grants businesses the serve food and beverages. Here's what you need to know before applying.

Taxes are a little weird this year. Here's how the different exemptions work.

PPP forgiveness works differently for sole proprietors and independent contractors, the biggest difference being the concept of "owner compensation share" which greatly simplifies the loan forgiveness process. Here’s everything you need to know.

With everything employers have to tackle, running a business can be tough. A Professional Employer Organization can help you focus on growing your business.

The PPP offers fully forgivable loans to the self-employed and now PPP forgiveness for the self-employed is easier than ever to obtain.

The latest guidance on Owner Compensation Replacement and PPP forgiveness for the self-employed.

After facing criticism for being too exclusive, the SBA changed the eligibility for those with a criminal history. Find out more about how the PPP is more accessible to all businesses.

When it's time to move on, here's how to sell your small business, step by step.

Lenders are starting to open up for forgiveness applications. This means it's time to start collecting the documents and reviewing your use of your PPP loan. We've got you covered for all the things to collect before applying for forgiveness.

A simple guide to filling out the PPP forgiveness application form.

PPP forgiveness applications have largely been paused, but that doesn't mean you can't take action today. Here's what you can do to start preparing for PPP forgiveness.

The safe harbors you need to know to maximize your PPP loan forgiveness.

The Paycheck Protection Program offers forgivable loans if used correctly. If you don't receive forgiveness on the full loan amount, here's what you need to know about why and what can be done next.

The decision to close a business is an extremely difficult one. But once the decision is made, we've got you covered on the steps you need to take.

A new Paycheck Protection Program loan forgiveness application form is out. Forgiveness is now simpler than ever before for borrowers with loan amounts less than $50,000. Here's what you need to know.

Whether it's an 8 week period or 24 week period, businesses are wondering when they can apply for forgiveness. Here's what we know about the opening of forgiveness application.

Passive income is the income you can earn without extra work. The catch? There's some upfront work to get it set up. Here are 12 ways you can earn income with a small upfront time or money investment.

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

Unemployment benefits have suddenly become a lot more complicated during COVID-19. Here's how unemployment works with all the different relief programs, including the Paycheck Protection Program.

The SBA's EIDL grant fund has been topped up again as part of the second stimulus package—with new conditions. Here's what you need to know.

As part of the CARES Act, some SBA loans—including newly acquired loans—will have their payments covered for 6 months. Here's what you need to know.

If you have received a paycheck protection program (PPP) loan, it's time to start thinking about how this will impact your taxes. Our guide covers what you need to know about how the PPP affects your tax filing.

Some of the most frequently asked questions about the proper way to spend PPP funds.

Here's how the PPP, EIDL, and PUA benefits work together (and which ones can't be combined).

The EIDL loan has now re-opened for all small businesses who have been financially affected by COVID-19. Here's how to apply.

Find out how Rise, led by Kahl Orr, stayed financially nimble with Bench's help, paving the way for smart decisions and gaining valuable entrepreneurial insights.

In his journey as a digital advertising expert at ascendiMedia, Trevor Sheffield found a way to double spending and nurture customer loyalty. Discover how he achieved this feat by partnering with Bench for bookkeeping and gain valuable entrepreneurial insights along the way.

Learn how partnering with Bench's bookkeeping platform empowered attorney Taylor Tieman to focus on her strengths, grow her firm, and provide exceptional legal services. Explore the transformative journey of streamlined financial management.

With an emphasis on systems and tools for her clients, Kamila Gorina knew she’d need her own tools in place in order to grow her business the way she wanted to. One of those ended up being Bench.

Learn how digital marketer Myca Williamson combines business strategy with creative storytelling for small businesses. Discover how Bench streamlines finances, saving time and enabling focus on creative pursuits.

Learn how Bench Accounting helped small business owner Kat Niambi regain control of her finances and focus on her passion for spiritual counselling. Discover how Bench's software solution and expert help allowed Kat to get her books back on track.

There are five primary retirement plans defined by the IRS. What plan works best for you depends on a couple of different factors. We’ll define each of these options as well as their advantages and disadvantages so you can make the right decision for you and your business.

Whether you're shopping your business or making a personal purchase, choosing to shop local is one of the best ways to celebrate entrepreneurs.

Curious to understand how she balances creativity and commerce, we met with Nadia in Dumbo. She shared what it means to have a physical presence ...

One of Bench's partners, Bob Crane of Fix Your Tax Problem, got into the tax resolution business because he knew it firsthand.

We sat down to chat with Monika Rose about her journey as an entrepreneur and a partner with Bench. Through her online courses, Monika helps ...

We had to do everything from building navigation and product pages from ground zero, to manually connecting our payment gateway to process ...

Luke explains that they approach tax with “a level of mindfulness and intentionality that enables you to plan, and stay in control.” To do that, ...

The founder of lululemon, Westbeach, and Kit and Ace talks about missed trends, failure, and what it takes to create a future no one's ...

Boxelder Consulting is a tax resolution firm with clients in 50 states. Here's how they solved bookkeeping.

Why one entrepreneur is betting on himself before he gets investors.

The self-made entrepreneur writes about behavioral psychology, habit formation, and personal improvement twice a week, every week, on James Clear ...

Patrick McKenzie is driven by a strong work ethic, but not the kind you see touted in business journals and productivity books.

Dealing with the IRS can be a stressful experience, but it doesn’t need to be. In this step-by-step guide, you'll get to know key terms, the exact steps to take to get IRS-compliant and a checklist of all the things you need to get caught up.

Use this financial statement template to see how much cash you have on hand for a specific period.

A balance sheet lets you see the big picture and understand how much your business owns, owes and how much is left for you.

Stay on top of your small business financials by tracking your revenues, expenses, and operating costs with this free P&L template.

Our free webinar covers what you need to plan ahead and protect your business during a potential cash crunch.

With our how-to guide, you can learn how to make better decisions about where to spend and where to make cuts.

April is Financial Literacy Month and to celebrate, we’ve gathered some of our top resources to help you gather a clearer picture of your business’s overall financial health.

Bench and Freshbooks host a free small business webinar to walkthrough the skills needed to take control of your finances, make data-informed decisions, and drive sustainable growth.

Watch the replay and master budgeting and strategy.

Learn who outsources what, where entrepreneurs feel the most pressure, and the common experiences of 2.5 million small business owners.

Bench Accounting, the leading bookkeeping and tax advisory fintech platform, is thrilled to announce the appointment of Sarah Hinkfuss, Partner at Bain Capital Ventures (BCV) as its newest board member.

Bench is excited to announce its new partnership with Bambee, a company that provides HR guidance and support for small to medium-sized businesses.

Bench Accounting launches game-changing feature that empowers small business owners to optimize deductions and save time.

Bench continues to attract new customers, develop its employees, and strengthen its financial position while many technology companies face stiff headwinds. Its success is bolstered by the return to Robson Street in downtown Vancouver which serves as a hub for its remote-first and hybrid workforce.

Bench is excited to announce its new integrated partnership with Wealth Factory, a company that specializes in personal finance for entrepreneurs and small business owners.

Bench is excited to announce a new collaboration with Visa, a world leader in digital payments, as they roll out new offers to Visa Small Business cardholders.

Bench is pleased to announce two new members to its senior leadership team. Kevin (KD) Dorsey joins Bench as Senior Vice President of Sales and Jared Jost as the Vice President of Marketing.

As part of the company’s mission to help business owners thrive, this update provides a completely new way to use Bench, while maintaining the unmatched level of accuracy and unlimited access to dedicated bookkeepers Bench customers love.

Check out the new 1099 feature in the Bench app and learn how to get started.

Take time this Global Entrepreneurship Week to celebrate your business and others around you. Here's how you can join the festivities—and grow your business.

Bench has been added to Communitech's roster of top-performing tech companies.

Store owner, singer-songwriter, radio host. Nadia Ackerman shares how she does it all, while making time for the human connections that make it worthwhile.

Bench is pleased to announce that Jean-Philippe Durrios, current President and CFO, has been appointed the company’s new CEO.

Bob Crane never thought he’d owe the IRS a quarter of a million dollars. But that’s the situation he found himself in while living in paradise, on Kauai.

We’ve teamed up with Stripe to create a brand new app that integrates the best of Bench with the power of Stripe.

Bench is excited to announce its new integrated partnership with Firstbase, the first all-in-one ecosystem that allows anyone to incorporate a U.S. company and manage their entire business on a single platform.

Whether you’re interested in Bench or another opportunity, I encourage you to consider the following criteria as part of your decision “scorecard”.

Dan brings a wealth of experience from companies like Shopify, where he led in the development and growth of financial solution integrations for small businesses.

This month, we answer one (expecting) entrepreneur’s question: how do you successfully mix a new family with a new business?

We're excited to announce Jean-Philippe Durrios joins our C-Suite as we continue our rapid growth and transition from start-up to a leading fintech company.

After originally relying on an accounting firm, Trigg Wilkes decided there had to be a better way to manage his books, on his time. And with the help of FreshBooks and Bench, he’s been able to.

After more than a decade as co-founder and CEO of Bench, Ian Crosby has announced that he is stepping away from his day-to-day role.

How Bench has been impacted by the Log4j vulnerability, and how we have remediated.

The month of November is a time to pause and pay tribute to the rich and remarkable history, ancestry, and traditions of Indigenous Americans. This time is also an opportunity to raise awareness about the unique challenges Indigenous people in the US have faced—and continue to face. Looking for ways to celebrate or further educate yourself about Indigenous heritage? Check out our link in bio for some great resources to get started.

Bench is committed to the representation of Indigenous Peoples and to uplift their voices in our workplace. We are committed to truth and reconciliation and recognize that we all have an active part to play in decolonization.

Follow along with our change log to stay in the know about recent updates to the Bench platform.

We're excited to announce our partnership with the First Nations Technology Council, alongside Microsoft, SAP Canada, and Pagefreezer, on the Moving Beyond Inclusion Project.

We're excited to announce our partnership with the First Nations Technology Council, alongside Microsoft, SAP Canada, and Pagefreezer, on the Moving Beyond Inclusion Project.

It's the start of a new chapter here at Bench—we’re very excited to announce a new lineup of products supported by a Series C funding round and strong industry partners.

Bench is committed to the representation of Indigenous Peoples and to uplift their voices in our workplace. We are committed to truth and reconciliation and recognize that we all have an active part to play in decolonization.

Join us as we at Bench celebrate pride and honour those who continue to bravely share their stories and their strength in activism.

Chatting with Dr. Sidjae Price, a passionate advocate for entrepreneurship, about today's corporate commitments to Diversity, Equity, and Inclusion (DEI).

Here’s how FreshBooks and Bench saved Graham’s back office day-to-day—so he could focus on saving the planet.

We sat down to chat with Monika Rose about her journey as an entrepreneur and a partner with Bench.

The two companies are already partners. They offer different services, but share the same goal: To help small businesses thrive.

Here’s where we started, and where we’re going.

How one entrepreneur keeps her business flexible with Bench and Freshbooks.

Kahl Orr runs an award-winning web agency. Here's how professional bookkeeping played a role in shaping his agency into what it is today.

Bench and Clearbanc have joined forces to provide entrepreneurs with the capital and bookkeeping support they need to scale their business.

Every great partnership has a few things in common: shared values, a common mission, and a willingness to collaborate.

Before he wrote Profit First and launched a movement, Mike Michalowicz was considering bankruptcy and turning down charity from his nine-year old daughter.

David Cohen (investor in Uber, ClassPass, and hundreds more) basically gives business advice for a living. Here's his most common advice to young companies.

If you watched Willy Wonka and thought, "Hey, adults like candy too", you'll understand Rosie O'Neill's vision for Sugarfina.

Outsourcing the boring stuff helped one ecomm founder go all-in on her passion for jewelry.

Here's how Timber Tax solved the "bookkeeping problem" for their tax clients.

Director X is one of the top directors in the music industry. But his first shoot was a failure that drove him to study his craft.

Keeping cops in shape and running a few gyms is all in a day’s work for Kelly Kennedy. Here’s how she handles her financial admin, while staying sane.

Behind their beautiful backpacks is a super smart approach to logistics that makes Herschel Supply run like a well-oiled machine.

Noura Sakkijha found a better way to buy jewelry. Then she had to convince investors to help her change an industry they didn't understand.

The rising star in SaaS marketing shares his story of his financially challenged side hustle, and why execution > ideas.

Ash was living in her car, bored and broke. Then a Rihanna radio ad gave her the inspiration she needed to turn things around.

The AMIGA founder and immigration lawyer shares how she overcame incredible odds to rebuild her life and run her practice like a real business.

Preston Lee started Millo.co, but didn't find breakthrough until he started looking at financial reports.

The ClassPass founder on dancing for creative breakthrough, finding product/market fit, and staying connected to your "why."

A look at where we’re going and why we’re committed to helping a million entrepreneurs master their finances—from Bench CEO Ian Crosby.

The Techstars founder on getting in over his head, and what to do when you realize you can’t run a company alone.

Younger entrepreneurs are finding ways to make self-employment more rewarding—and more successful.

Get a better understanding of your revenue and expenses with our new transaction tagging feature.

Bench has partnered with Skillshare to demystify accounting for entrepreneurs.

The founder of lululemon, Westbeach, and Kit and Ace talks about missed trends, failure, and what it takes to create a future no one’s thought of yet.

The Stash Wealth founder shares the gritty details of what it's like building a business, and why people who glamorize entrepreneurship just don't get it.

For the second consecutive year, Bench ranks among the top 30 fastest growing technology companies in North America.

Charles Chang went all in for his vision—and thinks you should too.

Before he ran the biggest junk removal service in the world, Brian Scudamore was hiding in his office, wondering how to reset a culture he wasn’t proud of.

Boxelder Consulting is a tax resolution firm with clients in 50 states. Here's how they solved bookkeeping for their clients.

Why one entrepreneur is betting on himself before he gets investors.

We raised $23M CAD and brought on some experienced marketing and sales leadership.

America’s largest bookkeeping service for small businesses, announced today a new integration with Square’s commerce platform.

Josh Bauerle, aka "CPA on Fire" is a different kind of CPA: building his audience through blogging, and scaling his practice through automation and strategic outsourcing.

If you’d like to contribute to the Bench Blog, please read these guidelines before sending in your submission.

Yes, our bookkeepers are real and they all work in-house. One of our faithful clients stopped by to see for himself.

How one of the world's most respected interface designers started as a "fake it til you make it" teenage freelancer.

Part design agency, part online business, GFDA uses profanity and bold design to inspire millions of fans and customers around the world.

Despite living deep in the woods on a remote island, Paul Jarvis is relentlessly productive.

If you've read anything about forming constructive habits, chances are it was inspired by James Clear.

For an online pet supply store run by a solo entrepreneur, Dog & Co.'s branding punches well above its weight.

The way Shantell Martin talks about her work is telling. She’s decisive. Direct. Any sense of romanticism is kept to a minimum.

The floral industry worked the same way for about a hundred years - until UrbanStems came along.

In founding Boutique Japan, entrepreneurs Andres Zuleta and Christina Soto have achieved a lifestyle many of us dream about.

Jameson Morris shares six lessons he's learned from building multiple subscription box businesses.

Samuel Hulick's business is to criticize other businesses. And the world loves him for it.

It took a year of side-hustling on weekends and relentless saving to turn Museum Hack into a full-time gig.

Grit and determination don't even come close to describing the origin story of SkinnyFatties.

Patrick McKenzie is driven by a strong work ethic, but not the kind you see touted in business journals and productivity books.

McLure's Pickles processes eight to ten thousand cucumbers a day. The range of products includes relish, potato chips, brine, and more

When Ryan Olson launched his beard oil company from home, his front room was "like a slip 'n slide."

The Paycheck Protection Program was intended to help small businesses weather the economic downturn of COVID-19. But how effective was it in addressing the needs of American small business owners? We took a took and the results were surprising.