Learn the basics of credit card processing, including fees, transaction types, and pros and cons.
Tracking cost of goods sold (COGS) is an important indicator of financial health and critical for tax deductions. Here's how to calculate COGS.
Remove the confusion around accepting credit cards at your small business and learn what to look out for in a credit card processing company.
Businesses that operate a fleet of vehicles know how much money they are spending on fuel each month. Here are several ways to cut down on those expenses.
Learn what merit pay is, how to award merit pay increases, and best practices for implementing a merit pay policy.
A term loan is a one-time upfront payment to fund a one-time project or long-term business growth. Learn whether a term loan is right for your business.
Payroll accounting is the process by which businesses track expenses related to payroll. Learn more about it and how accounting software can help.
Joseph Hennessey, Small Business Innovation Research Adviser, explains
This guide identifies common business liabilities that every small business owner should keep track of and understand.
Medical claims are documents that your practice must submit to payers for reimbursement. Learn how to create them here.
This guide introduces the concept of accounting standards and explains why they are important to businesses trying to better manage their finances.
Section 179 lets you deduct the cost of a business asset in the year you buy it or place it in service. Learn if it's the best choice for your business.
Some tax deductions may cause the IRS to flag your tax return while others could even land you in trouble. Learn what deductions you can and can't take.
Expense reports help you understand your business's financial activities, profit margins and cash flow. Learn about creating and using expense reports.
Payroll liabilities are payroll expenses a business owes but has not paid. These liabilities can appear every time you run payroll.
Businesses use acquisition loans to acquire other businesses or strategic assets, such as equipment. Learn how they can help your company.
Employers must withhold federal income tax, plus any state or local taxes. Here’s what every small business owner should know.
Cashless transactions are growing worldwide with a wide range of payment options. Learn the pros and cons of cashless payments and what they mean for SMBs.
Freelancers are responsible for figuring out their own tax obligations and when to pay. Learn how to pay taxes as a freelancer.
Mental health billing differs from medical billing due to variables in mental healthcare not present in primary or specialty care. Learn what's involved.
A tax audit is a review of your reported data to ensure it is correct. Here is how a small business can avoid one and how to handle it when the IRS calls.
If your employees are regularly working past their 40 hours a week, you are liable to pay them overtime. Find out what that means for your business.
Gross pay is what employees earn before taxes, benefits and payroll deductions are withheld. The remaining amount is net pay. Learn how to calculate each.
Calculating gross wages is the first step to compensating employees properly and keeping accurate payroll records. Learn about the process with this guide.
The State Unemployment Tax Act is a tax that states use to fund unemployment benefits. Determine your SUTA rate and employer obligations for paying SUTA.
Direct deposit paychecks are so common that employees often expect them. Here’s how to set up direct deposit for your business.
This guide explains how to borrow from your 401(k) and the key things to consider when doing so.
Credit card processing fees are necessary when your business accepts credit and debit cards. Learn about these costs and 5 ways to reduce processing fees.
Small businesses often use iPhones for credit card processing. Learn how to use your iPhone as a POS device and the best credit card processors for iPhone.
See our step-by-step guide for using PayPal to bill customers, and find out the cost for invoicing through the payment platform.