Small businesses are spending more on their marketing budget numbers. In fact, advertising expenses have gone up almost 4% in 2023 from the previous two...
For tax, accounting, and even budgeting purposes, it’s important to know the difference between a fiscal year vs calendar year. A fiscal year doesn’t always...
Growing potatoes for a living is a big enterprise like some other agricultural business ideas. The American harvest was worth $4.06 billion USD in 2021....
The minimis safe harbor election allows small businesses to deduct expenses that might otherwise need to be capitalized. Think of the amounts paid for things...
We’ve seen people in America’s highest positions struggle with keeping classified documents in safe and secure locations recently.Now, while your business may not have any...
When bad actors take advantage of return policies, return fraud is the result. It’s the act of defrauding businesses using its return process and it’s...
There are obligations you should understand when dealing with the money raised from crowdfunding. In a nutshell, there are tax implications. It can be considered...
If you’re starting a business, you’re probably asking, ” What is financial accounting?” Long story short is, this is about recording transactions. All your small business...