In part I of this series, we looked at two differences in accounting for non-profit businesses. Here is a look at two more: Accounting Statement for a Non-Profit Organization: The Non-Profit Organizations being a different type of entity necessitates a different type of accounting treatment. This need arises because the type of information required to […]
Accounting Systems for Non-Profit Organizations (Part II) Read More »
Accounting for non-profits (also known as “fund accounting”) can require a greater level of detail than a for-profit company. Most accounting concepts that apply to for-profit also apply to non-profits. GAAP (Generally Accepted Accounting Principles) is followed and is the same concept, but with a twist. There are differences in reporting and an extra step
Accounting Systems for Non-Profit Organizations (Part I) Read More »
In part I of this series, we looked at three of the most effective offline business promotional methods. Here’s a look at four of the best ways to market your small business online: Claim your Business Listings: Let’s start with the basics. It is a fact that over 60% of small businesses have not claimed
Effective Marketing Methods for Small Business Owners (Part II) Read More »
Small businesses are in a fight for their survival. With the government taking a bigger chunk of your earnings and more competition than ever before, business owners need to use more creative ways to market their services and grow their revenue. The good news is that in today’s world, there are numerous ways (both online
Effective Marketing Methods for Small Business Owners (Part I) Read More »
Starting a home-based business can be a great decision. For many, it is a source of supplemental income to go along with their regular job. For others, it may be their fulltime income. In today’s economy with unemployment still higher than it should be, the only way for some people to work at all is
Home Business Income Tax Filing Basics Read More »
Small business owners have a lot on their plate. As the owner of a small company, you have to wear a lot of hats. And one of the things that can take up a lot of energy is bookkeeping and accounting. The challenge is that whether you like it or not, the IRS will expect
Basic Accounting Tips for Small Businesses Read More »
Continuing with our expense tracking tips for at-home workers, here are 3 more essentials: Track Your Mileage: Similar to recording expenses in a logbook, it is important to have an accurate record of the business miles you drove. For this purpose, it is advisable to use a separate mileage book that is small enough to
How to Track Expenses when Working from Home (Part II) Read More »
Work-at-home individuals have several lifestyle advantages over those that have to go into an office. The freedom and flexibility of being at home can give workers the ability to more effectively manage their family and save on commuting costs, eating out for lunch, and other such expenses. While working from home offers several advantages, there
How to Track Expenses when Working from Home (Part I) Read More »
If there is a fear business owners have over most others, it is an audit from Uncle Sam. Small businesses are highly susceptible to an IRS audit because of the extensive itemization of the returns they typically file. To avoid an IRS audit, a business needs to structure their tax paying and filing activity in
How Small Business Owners Can Avoid an IRS Audit Read More »
Credit Education is very important so we are taking the opportunity to talk a little about credit management. Specifically, how you can improve your credit score over time no matter how bad things get. Step One: Track Your Credit Score – In his blockbuster bestseller ‘The 4-Hour Body’, famed iconoclast Tim Ferris points out that
A Primer for Credit Education Read More »
