We live in a very carefully documented society, and few things are as closely measured and cataloged as finances. From tracking revenue and expenditures for measuring profitability, to identifying financial trends and potential business opportunities, to ensuring that...
Investors and business owners alike care a lot about retained earnings.But what are they?In this article, we’ll explain what retained earnings are, what a statement of retained earnings shows you, and how to use those earnings to improve your business. What Are...
There are many advantages to self-employment; being your own boss means the freedom to set your own goals, work the hours you want to work, and reap all of the rewards for your own effort. However, with self-employment comes other responsibilities that may not seem...
No matter how dedicated or passionate they are about their work, the reality is that your employees are probably in it for the money. And there’s nothing wrong with that; it’s only natural that a worker should want compensation for the value that they bring to the...
Whether you’re a small business owner or just curious to know what the IRS form 2553 is, you’re at the right place. What is form 2553? Form 2553 is a tax form that businesses can file. Form 2553 is targeted towards small businesses because it helps them receive...
Using paper checks has become less and less common over time. This is due to the fact that most people prefer to manage their finances online. The majority of Americans are paid with direct deposit instead of a check. However, checks haven’t disappeared completely...
