Incorporating a business often makes good legal and tax sense. Absolutely. But new entrepreneurs need to know that a handful of incorporation scams often ensnare small businesses. And that is truly unfortunate. Getting entangled in an incorporation sca...

Businesses, their owners and investors regularly worry about asset protection. Of course, sometimes, people worry too much about lawsuits and unethical creditors. And, sure, prudent management of a business or investment combined with a good insurance pol...

A tricky question that new limited liability company bookkeepers often have concerns how to record correctly the payments made to the owners. Are the payments wages, for example? Partnership draws? Or something else entirely different? Limited liabilit...

More than 3,000,000 businesses operate as Subchapter S corporations. But that's not really a surprise if you understand a bit about tax law. An S corporation doesn't pay corporate income taxes, which can take as much as a fifty percent whack out of profit...

Starting your business as a limited liability company? You'll obviously want to use a good name. Sadly, the process is trickier than you may think in today's business world. You've got legal, marketing and even internet-related issues to ponder. For...

If you manage a small business or venture that's setup as an LLC, setting up Microsoft's Small Business Accounting software can be sort of complicated because of the LLC itself. Fortunately, you can try some easy techniques for getting your new accounting...

Running your small business as an LLC or limited liability company? Installing the QuickBooks accounting software in your situation can be complicated. But in a sense, that's a good thing. The complexity comes from the financial flexibility that your limi...

Is your cashflow tight? Are you juggling overdue bills and simultaneously asking for early customer payments? Yikes. You may want to consider trying these five, mostly quick tips for improving your cash flow: Tip #1: Invoice Often and Quickly Perha...

Small business owners usually minimize their taxes by operating as a sole proprietorship, partnership or S corporation. Or by operating as a limited liability company taxed as a sole proprietorship, partnership or S corporation. However, even though C ...

Incorporating a business delivers benefits. Liability gets limited at least a little bit. And incorporating usually means the business reduces its income taxes or the payroll taxes or both. But incorporating creates some extra costs and headaches. And...

According to the IRS, S corporations now outnumber regular corporations. The popularity of Subchapter S corporations shouldn't really surprise people, however. S corporations provide two big tax savings to small business owners. First, they typically d...

New business owners always seem to wring their hands over the incorporation question. Should they, or shouldn't they, incorporate their new business. Or, no, wait. Maybe an S corporation or limited liability company makes more sense? This obsessing ove...

You can and should track any improvements and repairs you make to a property by using your Money account and category information. However, the steps you take to record improvements to a property and the steps you take to record repairs to a property actu...

Copyright (c) 2008 Stephen Nelson If you start researching small business pension options, the alternatives quickly overwhelm. Banks, financial planners, insurance agents and many others clamor for your attention and offer up what they tout as the obvi...

Copyright (c) 2008 Stephen Nelson Want to turn your accounting into a business power tool? Interested in morphng your bookkeeping into a true secret weapon that lets you create a more profitable business? Simply apply these five techniques... Trick ...