Accounting

Unlock the power of accounting. Master financial management, tax regulations, and the art of balancing books for business prosperity and success.

  • Paperwork
    Accounting,  Corporate Law,  Finance

    Which Entrepreneurs Need to Fill Out an ITIN Application?

    Many entrepreneurs aspire to start a small business in a country outside of their own. However, to start a business in the United States, you typically need a social security number (SSN) to get started. An individual taxpayer identification number (ITIN) is an alternative to an SSN for foreign entrepreneurs who may not meet the requirements to get an SSN. An ITIN will allow you to file income tax returns, start a business in the US, and apply for small business financing. You can learn more about ITIN in this Camino Financial post. Let’s take a look at who needs to fill out an ITIN application and how it can…

  • Laptop Business Tools
    Accounting,  Business Tools,  Management

    5 Online Resources to Help Run Your Business

    Being a small business owner is no easy feat. After gathering the capital required to launch your company, filing the necessary paperwork to set its wheels in motion, and finally procuring your license to operate, you’re now tasked with making your small business succeed amongst a sea of competition. How do you prove to yourself and others that you have what it takes? One of the best strategies is to take advantage of the abundant amount of online resources available to small business owners such as yourself. Many of these tools and services are free, but if they’re not, they cost significantly less than the expense of hiring someone in-house…

  • Office Desk iPhone Notes
    Accounting,  Corporate Law,  Finance,  Management

    Do You Know Who’s Up To The Job?

    Whether you work a full-time job, are a stay at home mom, or run your own business, there are certain times in life that you’ll need to call on a professional. These are not always for urgent or bad reasons, however. Sometimes, you just need to get a job done. When those occasions arise, it’s always handy to have the right professional in your life. Not only do you want to make sure that you’re getting the job done right, but it’s also handy to get it done at a good price too. So, should you need a professional, do you know who’s up to the job? Accountant There are…

  • Happy Businessman Profit
    Accounting,  Finance

    Making Profit? Then Your Finance Department Needs These Tools!

    When your startup is making some money, it’s time to think about improving the lot of your employees. After all, if you don’t improve the tools that your employees need to work with, then how do you expect to grow much more? A vibrant and booming business that is seeing some sweet revenue is going to need employees that can help handle all of that money. And that means you’re going to have to hire some finance geeks. Of course, there’s no point in hiring these money wizards if you’re going to under-equip them! How should you prepare for the arrival of new accounts and financial controllers? Here are a…

  • Accounting Calculator Finances
    Accounting,  Finance

    Why Your Business Needs An Accountant

    So, you've started your business, and you're wondering whether you need an accountant, right? There are a few things to consider before you start employing one, but most businesses will benefit from them in some form. Today, we're going to look at a few reasons why it would be beneficial for you to hire an accountant.

  • Business Growth Staff Money
    Accounting,  Finance,  Management

    Financial Tips For The Discerning Small Business Owner

    It's quite amazing that seven years on from the financial crisis, access to credit is tough for small businesses. It tells you that we're probably not out of the woods yet and that there is likely to be more hardship to come. Small businesses need to do all they can to prepare for tomorrow's risks today. And that means seriously looking at whether your finances are as good as they could be.

  • Taxes Small Business
    Accounting,  Finance

    Does My Small Business Have To Pay Tax?

    Assuming you’re new to the business world or are still just a small company, your tax situation may not be clear. Of course, if you are a giant mega-corporation then you’ll be shelling out that tax money just like the rest of us. If, however, your size and profit margins are small, your situation may be a lot different. Businesses range from a whole host of types, from start-up to nonprofit, and each will be privy to their own set of requirements. Start-ups may be able to use tax reliefs, but at the same time, all business owners will have to pay certain taxes pertaining to their company. So, if…

  • Money in the Hand
    Accounting,  Corporate Law,  Online Business

    The Effects Of Internet Sales Tax for Small Businesses

    The Internet has shrank the globe to the point that even the tiniest businesses can draw customers from every corner of the world. All you needed to have a successful online business was a reliable Internet connection, a Web site (or an eBay or Etsy store), a decent product, good marketing plan and a local post office. But the face of Internet marketing could be changing forever if legislation currently making its way through Congress requiring businesses to collect state and local taxes on Internet purchases is enacted. The United States Senate recently passed a bill that would require Internet retailers with more than $1 million in annual out-of-state sales…