Tips for Employers that Outsource Payroll

Outsourcing payroll duties to third-party service providers can streamline business operations, but the IRS reminds employers that they are ultimately responsible for paying federal.....

Why It Pays to Read Your Balance Sheet

There’s more to the financial operations of a business than tracking revenue and expenses. The balance sheet shows what happened to the profit or loss and reveals the overall condition of a business. By examining the balance sheet you see the assets acquired with your....

How to Smooth the Ups and Downs of Business

Business cycles are a fact of life for most industries. When business is soft, whether due to macroeconomic factors, seasonal slowdowns or sector-specific trends, it’s tempting to hunker down, tighten your belt and play a few extra rounds of golf. However, smart professionals.....

Payroll Taxes: What Business Owners Need to Know

As an employer, you are required by law to withhold money from employees’ pay and remit the amounts to various agencies. In addition, you have direct liability for certain taxes based on workers’ wages. The taxes that you’re required to withhold on behalf of workers and those that you must pay directly...

How a Working Budget Benefits Your Business

Many microenterprises and solopreneurs believe they are too small to need a working budget. Some start-up owners who are busy launching their operations think it’s a waste to spend time developing one. And some small and medium-sized enterprise owners reason: “It’s just a shot in the dark, anyway.” But no matter how small or entrepreneurial your business, you need to have a working budget.

Your Balance Sheet: A Health Checkup for Your Business

A balance sheet - or statement of financial position - is a summary of your business’s financial condition at a given point in time. It lists your company’s assets, liabilities and owner’s equity. The balance sheet is one......

Market Your Business Using the Power of Facebook

Using Facebook to market your product or business is a hot trend among entrepreneurs today. With more than 62 million users worldwide, Facebook opens the door....

Mississippi STEPS

Your business may add new full-time employees and be reimbursed for up to 66% of their first six-months salary!

Essential Tips for Reconciling Your Accounts

Reconciling accounts is the process of verifying that your financial records are accurate and that your books are consistent with what your bank statement shows. You should reconcile your accounts every month to stay on top of cash flow....

Calculating Wealth: A Primer on Assets and Liabilities

All money coming into or going out of a business is recognized on the balance sheet as an asset, a liability or owners’ equity.

Why Good Accountants Are Wise Investments

With all the sophisticated bookkeeping, accounting and tax preparation software out there, you might think you don’t need to hire an accountant for your start-up small- or medium-sized enterprise. Think again.

How to Make the Most of Business Credit Cards

When used properly, business credit cards can be a powerful financial and strategic tool for small-business owners. In addition to providing a cash infusion or capital for emergency purchases, using a business or commercial credit card can be a sound business strategy.

Are You Remembering These 5 Tax Deductions?

Granted, nobody loves the Internal Revenue Service (IRS), but the tax code provides a fair number of deductions for small-business owners. Following are five not-to-be-missed tax deductions that can lower the annual tax bill for small-business owners.