Bookkeeping

The flexibility in taxation that comes with forming an LLC can significantly benefit your coffee shop business. It allows you to choose the most advantageous tax structure for your specific circumstances and potentially save on taxes. However, consulting with a tax professional before deciding your business’s tax status is always recommended. When you start your […]

It is essential to ensure that you have established the proper legal structures. This may include getting your business license from your local municipality and deciding on the best business structure for your endeavors. Research the tax implications of different structures, such as a sole proprietorship, limited liability partnership, or corporation, to determine which would

Every successful business starts with a business plan—and that includes painting businesses. So, once you’ve established what type of painting company you want to create, the next step in the process is creating a plan for how to get your company off the ground. When it comes to marketing your painting business, content is key.

This type of coverage helps pay for medical bills, lost wages resulting from an employee’s workplace injury or illness, and legal costs related to defending against claims brought by injured workers. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster. The

For example, if you were to look at a trial balance on December 31, 2020, it would show the balances of all accounts on that date. If you were to look at an earnings statement for the year 2020, it would show the balances of all accounts that had accounting services for startups activity during

This means Sam needs to sell just over 1800 cans of the new soda in a month, to reach the break-even point. We’ll now move to a modeling exercise, which you can access by filling out what is a check register the form below. Please note that this can be either per unit or total

Standard costing can be used to track actual costs and variances, which can help identify areas of improvement. Standard cost accounting was first developed in the early 20th century to manage and control costs in manufacturing businesses. Standard costing sets predetermined materials, labor, and overhead costs based on historical data and standard rates. For managers

In June of last year, after a creative review that saw Wieden+Kennedy fail to defend the business, R/GA won Intuit’s TurboTax offerings, including TurboTax Live and TurboTax Full Service with a remit to help increase consumer adoption. TurboTax will be back in the Super Bowl for the 11th straight year, but this time with a

When the ownership or structure of a business changes, you may need to register for a new EIN. You can apply for an EIN online to receive a new EIN for your business, but you should make sure you need a new EIN before applying for one. If you’re planning on hiring or working with

Keep in mind that business owners don’t have to provide their EIN at your request. Most legitimate businesses will provide an EIN if you’re a reputable business owner or contractor, but they don’t have to. When you start your business, you need to file Form SS-4 to receive your EIN. If you’ve already been assigned