Practical Financial Articles
and Applicable Insights
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What are Financial Statements?
More often than not, the terms ‘Financial Statements’ and ‘P&L’ get thrown around capriciously by finance professionals with the assumption that everyone knows what they’re talking about. As a
Working Full-time & Part-time Employees by Jill James, SIF Industries
Exempt for what? Non-exempt means that an employee is eligible for at least your state or local minimum hourly wage, breaks for rest and meals, and
Working with Contractors & W-9s by Jill James, SIF Industries
A great reason to thank your customers! Revenue: Finally, you’ll want to update your W-9 with your new business EIN and incorporation status. This tells your
Setting up Your Business Entity by Jill James, SIF Industries
Incorporate As you start to earn more money and think about growing your business, you may want to consider incorporating. Should I incorporate? This is one
Obtaining an EIN for Your Business by Jill James, SIF Industries
As simple as the IRS gets The good news is, with your incorporation paperwork done, this is a one-sheet filing (called Form SS-4) with the IRS.
Digital Resources
As a business owner, time is our most valuable asset. When it comes to managing your business operations, why waste it by manually tracking receipts, transactions,
Bookkeepers vs. Accountants
With exception to folks who work directly in the finance industry, most people have no idea what the difference between a bookkeeper and an accountant is. “Aren’t
When to Hire a Helping Hand
Managing finances for your business isn’t always a walk in the park. Sometimes it’s the opposite. As a business owner, you should think about when is
Xero vs. Quickbooks Online
WHICH ACCOUNTING SOFTWARE SHOULD I USE? Your business is up and running. Expenses are flowing day in and day out. But how do you keep track?