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June 16, 2023
S Corporation vs LLC Differences & Benefits

S Corporation Vs LLC: Differences & Benefits

What is LLC?   LLC stands for Limited Liability Company. It is a type of legal entity that is separate from its owners, also known as members. […]
June 15, 2023
Tax Extension 2023- Step by Step Guide

Tax Extension 2023 – Step By Step Guide

Are you feeling anxious about not filing your taxes on time this year? You are not alone. Despite this being an annual occurrence, many people must […]
June 14, 2023
What Is an Invoice-Small Business Invoicing Guide

What Is An Invoice? Small Business Invoicing Guide

What is an invoice  An invoice is a commercial document that provides a detailed summary of goods or services, given by a seller to a buyer. […]
June 13, 2023
Guide to Marginal Revenue and How to Calculate It

Guide To Marginal Revenue And How To Calculate It

What is marginal revenue?    Marginal revenue is generated by selling one additional unit of a product or service. It is the difference between the revenue generated […]
June 9, 2023
Schedule C tax form- Who can file and how to file for taxes

Schedule C Tax Form – Who Can File And How To File For Taxes

Starting a small business can be an exhilarating endeavor with opportunities and challenges. As you navigate the world of entrepreneurship, one crucial aspect you’ll encounter is […]
June 8, 2023
What is a Variable Cost

What Is a Variable Cost How Do You Calculate It

What is a Variable Cost?    Understanding and effectively managing costs is crucial for success in the dynamic business world. One important aspect of costs that every […]
June 7, 2023

The Accounting Cycle 8 Steps You Need To Know

The accounting cycle is a systematic process businesses follow in recording, analyzing, and reporting their financial transactions. It encompasses a series of steps that enable accurate […]
June 6, 2023
Gross Profit vs. Net Profit

Gross Profit Vs. Net Profit

In finance and business, profit is a vital indicator of a company’s success. When evaluating a company’s financial health, gross profit vs. net profit are two […]
June 2, 2023
unearned revenue 

What Is Unearned Revenue? How To Record And Report It?

What is unearned revenue?   Unearned revenue, also known as advance payments, refers to a company receiving payment from a customer for goods or services that still […]