Category: Small Business Taxes

Why Business Owners Should Keep Business Finances Separate from Per...

August 1, 2018

Entrepreneurs often fund the costs of running a business out of their personal bank account – particularly during the startup phase when revenues might not be high...

A Small Business Accounting Guide for Dummies and MBAs, Too

February 22, 2018

For many small business owners, managing finances is the most difficult part of running a company. Part of it stems from anxiety. Think about the number of...

5 Accounting Mistakes for Pharmacists to Avoid

January 28, 2018

The Right Medicine for Pharmacy Financing Pharmacists have many different options when they graduate from pharmacy school. They can join a pharmacy chain, open a place of...

Did you File a Tax Extension in April? What Now?

September 27, 2013

If you needed a little extra time to file your taxes, you likely filed for a tax extension back in April. This gave you an extra six...

CPAs Are Cautiously Optimistic About the Economy

September 17, 2013

Ronald Reagan frequently used the term “cautiously optimistic” when asked about the economy and other topics. According to the third quarter the American Institute of Certified Public...

How to Calculate Cost of Goods Sold

March 22, 2013

An important deduction for small business owners is Cost of Goods Sold, which is calculated through the following formula: Beginning Inventory + Inventory Purchases – End Inventory = Cost of Goods Sold Your beginning inventory, plus the amount of inventory purchased over a given period — a month or a...