How to Prepare Your Business for a Recession
The U.S. is not officially in a recession. But inflation is up, and interest rates are rising, leading many to expect an economic downturn. As a small business owner or [...]
A Complete Guide to LLC Accounting
Every year, more and more small business owners structure their companies as a limited liability company (LLC). In fact, the number of registered LLCs has grown every year since 2004, [...]
Client communication: A guide for freelancers and small business owners
It doesn’t matter if you’re a one-person freelance operation—it’s still worth giving your clients the white-glove treatment. According to HubSpot, 90% of clients would buy more from companies with great [...]
How long does an ACH payment take?
What do auto-pay, direct deposit and sending your friend $20 through an app all have in common? They are all examples of ACH transfers. The reality of tapping a few [...]
13 Bookkeeper Software Features Your Small Business Needs
You want to take care of your business's bookkeeping yourself. That's great! You're not the only one: over 64% of small business owners turn to bookkeeper software. But with so [...]
Why Is a Business Plan Important? (+ How to Create One)
A business plan is not something you create just for the sake of creating it—it’s a key factor in your company’s success. According to a SCORE survey, the next biggest [...]
What does Net 30 Mean? A payment terms guide for small businesses
If you’re a business owner waiting on payments, you’re not alone. According to a 2021 Melio survey, over 50% of entrepreneurs have gotten paid late before. With bills to pay [...]
Bookkeeping for Freelancers: A 2022 Guide
The term “freelancer” was originally used to describe a medieval mercenary whose lance wasn’t sworn to the service of one lord. And while they’re no longer hired assassins, freelancers are [...]
11 Accounting Formulas Small Business Owners Need to Know
If you’re a small business owner who likes to do their own bookkeeping, you’re not alone. According to a recent report by Clutch, a majority of small businesses (62%) prefer [...]
The Ultimate Small Business Tax Deductions Worksheet for 2022
If you’re a small business owner, there’s a good chance thinking about taxes stresses you out. You’re not alone. The fear of making a mistake on taxes terrifies many people. [...]