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Sheila Malavet Jan 23, 2020

A business bank account is an essential requirement for any business. But with so many banking providers out there, how do you know which business account to choose?

Sheila Malavet Jan 21, 2020

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list...

Some of the most common stressors encountered by entrepreneurs involve tax liabilities, whether the business is booming or they’re struggling to keep their head above water. The best way to avoid...

Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues.  The following will help you understand the taxability of your Social...

Learn about the important difference between tax deductions and tax credits. In general, a deduction reduces taxable income, whereas a credit reduces the tax itself. Watch to learn more.

Sheila Malavet Jan 16, 2020

Starting your own business is a BIG leap of faith. Will you find any customers? Will you make enough income? These are questions that any founder will ask themselves.

Sheila Malavet Jan 14, 2020

To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together...

Everybody wants to lower the amount they pay in taxes, but it is an especially important goal for small business owners.  Every penny in taxes avoided are a double victory: you avoid overpaying...

Watch these expert tips you need to properly manage cash flow for your new business!