Basics 3 min read
Get the Lowdown on Different Types of Equity for Your Small Business
There are many different accounts you can use to record equity in your business accounting books. Before you can begin tracking…
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Basics 6 min read
Basic Accounting Forms for Small Business That You Should Know
As a small business owner, you have many accounting responsibilities, like tracking your business transactions, income, and expenses. And on…
Basics 6 min read
How to Avoid Independent Contractor Misclassification and Protect Yourself From Penalties
Independent contractor vs. employee classification Before we dive into more about workers misclassified as independent contractors, let’s briefly recap the…
Basics 3 min read
What Is a Risk-adjusted Return?
A risk-adjusted return is when you or an investor (e.g., small business angel investors) measures the amount of risk involved in…
Basics 3 min read
When FUTA Taxes Are Due
Employers pay their FUTA tax to the IRS either quarterly or once a year, depending on how much their total…
Basics 3 min read
What the FUTA Tax Credit Reduction States Are & How It Works
The federal FUTA tax rate is 6% on the first $7,000 paid to each employee. That’s the full FUTA tax…
Basics 4 min read
2018 FUTA Tax Rate & Form 940 Instructions
The Federal Unemployment Tax Act (FUTA) requires employers to pay a tax of 6% on the first $7,000 of salary…
Basics 4 min read
How to Choose Your LLC Tax Treatment
There are a number of factors to consider when deciding which entity type to choose for LLC tax purposes. Each…
Basics 3 min read
What Your Responsibilities for LLC Taxes Are
The owners or members of the LLC are responsible for filing LLC tax returns and paying any state or local…
Basics 5 min read
How to File LLC Tax Returns
There are four different ways to file tax returns for an LLC. LLCs treated as a Sole Proprietorship file a…