Real answers to questions real business owners actually have. Written by folks who understand that your time is money.
Plain-English guide to the most important report in your business
A P&L doesn't have to be scary. It's really just a list of what came in and what went out. Here's how to read one and what it's trying to tell you.
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Most small businesses should use cash accounting. Here's why.
You'll hear both terms thrown around. For most small outfits, cash accounting is simpler, perfectly legal, and easier to understand. Let's break down the difference.
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Salary, owner's draw, or both—and what the IRS thinks about it
This trips up a lot of folks. The way you pay yourself matters for taxes, and it's different depending on how your business is set up. Here's how to think about it.
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If you're self-employed, you pay taxes four times a year. Here's how.
The IRS doesn't wait until April to collect. Self-employed folks owe taxes every quarter. Missing a payment means penalties. Here's how to stay on top of it.
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Farmers have some of the best tax treatment in the tax code. Are you using it?
From fuel and feed to equipment depreciation and land costs, farming businesses have access to deductions most folks don't. Here's a plain-English walkthrough.
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When to issue a 1099, who gets a W-2, and how to stay out of trouble
If you pay workers or contractors, you need to know the difference. Getting it wrong costs money and attracts IRS attention. Here's how to get it right.
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