Budget
Budget

Disregarded Entity
Disregarded Entity

FIFO
Describes the term FIFO and how to calculate inventory cost using the FIFO method.

New Hire Forms
This article lists the forms you must have a new employee complete, including the W-4 form, state income tax withholding form, I-9 form, and a job application form.

Petty Cash
Petty cash defined and some petty cash management details described

Which Business Type is Best?
Discusses different types of business entities and which is best for different kinds of businesses

Calculate Cost of Goods Sold
This article takes you through the process of determining cost of goods sold for your business tax return.

Gross Pay
Gross Pay

Business Organization Forms
If you are having trouble figuring out the different types of businesses organization, this explanation of the difference between LLCs, sole proprietorships, and corporations will help. Types of business organization are compared, to help you make the right decision about which type of business to choose.

Types of Partnerships
Partnership Types: Limited Partnership, Limited Liability Partnership, General Partnership

4 C's of Credit
Describes the four C's of credit - character - capacity - collateral - capital

Capital Lease Operating Lease
Discusses differences between capital leases and operating leases and how to determine which is which.

Litigation/Litigate
Litigation definition

Capital
Capital definition

Depreciation
Depreciation

Steps to Starting a Business
Start a Business by Following These Steps

Nexus (Tax Nexus)
: A nexus in general means a connection. The term nexus is used in tax law to describe a situation in

Purchase Order
Defines a purchase order and describes the parts of this order.

Solvency
Solvency

LLC vs. Corporation
Learn the difference between a Limited Liability Company and a Corporation.

Form 941
Explains IRS Form 941 - Employer's Quarterly Federal Tax Form

DUNS Number
DUNS Number

Cost of Goods Sold
Cost of Goods Sold

Disregarded Entity Issues
A tax attorney's discussion of tax and liability issues for a disregarded entity.

Collect, File, Pay State Sales
How to collect state sales taxes from customers, file state sales tax returns, and pay sales taxes you have collected

Retainers
Retainer defined, including legal retainers, and retainers for other professionals.

Owners Equity
Definition of owners equity

Social Security Tax
Describes the Social Security tax for employees and employers, including the annual maximum social security tax.

Fiduciary
A fiduciary responsibility and the person who is a fiduciary

Principal (of a Loan)
Principal on a loan

Real Property
Real Property

W-3 Form
Describes the W-3 form.

Capital Expenses
Capital expenses

Due Diligence
Due Diligence

Taxes on LLC's
Lists all the taxes a limited liability company pays including income taxes, self-employment taxes and employment (payroll) taxes, sales and excise taxes, and property taxes.

Non-Solicitation Agreement
Non-solicitation agreement

Online Sales Tax
Do online retailers have to charge sales tax for online transactions?

Meals and Entertainment
Meals and Entertainment Expenses

Accounts Receivable Aging
Accounts Receivable Aging

Invoice
Describes an invoice

W-2 Or 1099-MISC?
Explains the difference between using a W-2 to report income to employees and a 1099-MISC to report income to independent contractors.

Business Address Change
How to notify federal, state, local agencies about your business address change.

W-2 Form
Definition and description of a W-2 form.

Accumulated Depreciation
Definition of accumulated depreciation

Sources and Uses of Funds
Describes how to prepare a simple sources and uses of funds statement

Break-even Analysis
If your company is producing products, you need to know how to determine your break-even point with each product. This article shows you the information you need to do this calculation.

Arbitration vs. Litigation
Describes the arbitration process vs. the litigation process

Set Company Fiscal Year
How to determine the date for your company's fiscal year end.

Capital Contribution
Definition of a capital contribution

Salaried Employee/Salary
salaried employee

I9 Employment Eligibility Form
I-9 Form - I-9 Immigration Form

Business Budgeting Explained
Purposes of a Business Budget

Managing Petty Cash
How to set up and manage petty cash.

Duties of a Board of Directors
Describes the duties of a Board of Directors for a Corporation including board fiduciary responsibility

Overtime/Overtime Pay
Overtime/Overtime Pay

Tax ID, Employer ID, ITIN
Difference between a tax ID number, EIN, and ITIN

Single-Member and Multi-Member
Describes how a single-member limited liability company or multiple-member limited liability pays income tax.

Business Tax Due Dates
Here is a list of the federal income tax return due dates for sole proprietorships, LLCs, partnerships, corporations and s corporations.

Cash Flow
Cash Flow

LIFO Inventory Cost Method
Describes the term LIFO and how to calculate inventory cost using the LIFO (last in first out) method.

How to Calculate Depreciation
Shows methods for calculating depreciation

Deducting FICA Taxes
How to calculate the deduction for FICA taxes from employee paychecks.

How to Form an LLC
If you are interested in learning how to form an llc, this article will provide you with details about this business form and the process of forming an llc.

Removing a Director
Some ways to remove a board member or director.

Excise Tax
Excise Tax

State Dept. of Revenue Sites
Find information on taxes in your state by using this listing of state departments of revenue

FICA Taxes
FICA taxes explained

LLC
Limited Liability Company LLC

Charging Sales Tax
Paying Sales Tax to State

Employee
Describes an employee

Calculate Gross Pay
How to calculate gross pay for hourly and salaried employees, including overtime calculation.

Target Market
Definition of a Target Market

Presonal Property
Personal Property

Form W-4
Form W-4 -- Employee's Withholding Allowance Certificate

Paying Employees
Attorney Michael Helfand discusses the legal obligation of employers to pay employees, and what happens if employees are not paid.

1099-MISC for Contractors
Describes a 1099-MISC form, how it is filed and how the recipient includes it in his or her income taxes.

Exempt - Exempt Employee
Exempt employees

Advertising Expenses
Advertising Expenses: What you can and cannot deduct, and some special notes.

Leasehold Improvements
Leasehold Improvements

Partnership
Partnership - Limited Liability Partnership - Limited Partnership - General Partnership

Schedule C for For 1040
Instructions on how to complete Schedule C for a Sole Proprietorship or Single-member LLC - for Form 1040.

Financial Statement
Financial Statement

Viability (of a Business)
Viability of a business

Pay Period
Pay Period

Making Payroll Tax Deposits
Discusses when to make payroll tax deposits

Sole Prop vs. Corporation
This article discusses the differences between a sole proprietor type of business and the other business types - partnership, LLC, and corporation.

Liabilities
Liabilities

Family Medical Leave Act-FMLA
Here is a description of the main provisions of the Family Medical Leave Act (FMLA) and how it affects your business.

Completing the SS-4 Form
Here are the steps for completing the Form SS-4 to get a Tax ID Number for a new business.

Car/Truck Expenses
Here is a brief overview of how to calculate mileage expense for business.

Employee Handbook Sections
: What Do I Include in an Employee Handbook or Policies and Procedures Manual? Every business that has

Exempt vs. Non-Exempt
Discussion of the difference between exempt employees and non-exempt employees

Employee or IC?
The IRS sets requirements for categorizing workers as independent contractors or as employees. Here is a brief discussion of the distinctions.

Taxes on Sole Proprietorships
Lists all the taxes a sole proprietorship pays including income taxes, self-employment taxes and employment (payroll) taxes

Capital Lease
Definition of a Capital Lease

Incorporator
Description of the job of an incorporator in setting up a corporation

Payroll Taxes
Payroll Taxes

Zoning
Zoning

Paying Payroll Taxes
As a business owner, you have several ways to pay your employment taxes. Here are your options.

Home Business Space Deduction
Deducting telephone expenses for your home office is different from other expenses. Here is a discussion of how this deduction works.

Partnership Agreement Terms
Partnership agreement terms

Setting Up a Payroll System
There is a lot to do in order to set up your payroll system. This article will take you step by step through the process of making decisions on how to pay employees, keeping payroll records, paying employees, and paying and reporting payroll taxes.

Investing vs Loaning Money
Describes the two ways you can give money to your business - loans or investments

Overhead
overhead

Payroll Taxes 411
All about payroll taxes: What are they? How are they calculated? How are they paid? What are payroll tax reports? When do you file payroll tax reports? How do you file payroll tax reports?

Leverage
Leverage

Register a Foreign LLC
How to register a foreign limited liability company in another state

Zoning Types
Zoning Types are listed and described in this QuickTip.

Filing Business Income Taxes
How each business legal type pays income tax

The Mediation Process
The mediation process is defined and pros and cons of mediation are discussed.

Statutory Employee
Statutory employee

Form 941 - 2011
The 2011 Form 941 has changed. Here are the changes in Form 941 for 2011.

5 Myths about LLC's
Five myths about limited liability companies.

IRS Standard Mileage Rate
IRS Standard Mileage Rates

Partnership Agreement
Partnership Agreement

Business Trade Name Filing
Has someone told you that you must file a Fictitious Name or DBA? This section will give you information on the Fictitious Name and DBA filing process.

Limited Partner
Definition of Limited Partner

Employer Responsibilities
Every business that employs individuals has specific responsibilities for paying and reporting. Here is a list of those responsibilities.

Capital Assets
Capital Assets

FICA Tax Exemptions
Discusses which types of payments to employees are exempt from FICA (Social Security/Medicare) tax.

Start a Partnership
Starting a partnership, with partnership agreement, partnership taxes, types of partnerships, limited partnerships, general partnerships, limited liability partnerships.

All About Depreciation
depreciation, accelerated depreciation, straight-line depreciation, depreciation calculator, Section 179, bonus depreciation

Travel Expenses
Describes expenses you can deduct while traveling away from home for business purposes, including transportation, meals and entertainment, car/truck expenses, lodging, phone, tips, and other miscellaneous expenses.

Sales Tax Q and A
Answers to common questions about sales taxes, including the difference between sales tax and use tax, sales tax vs. excise tax, out of state sales, resellers, how to register, how to collect, and how to report and pay sales taxes.

Single-Member LLC
Describes the single-member llc

Schedule C
Describes IRS Schedule C Profit or Loss from Business of IRS Form 1040

Capital Improvements
Capital improvements, Capital Expenditures

Steps to Creating a Budget
How to create a budget for business startup.

Book Value
Book Value

Selecting Your Business Name
Select, Register, and Trademark a Business Name

Business Contributions
Discussion of how charitable contributions are deducted by businesses.

Member (of an LLC)
Member of a Limited Liability Company

Corporations
Corporations, Incorporating

Schedule K-1
Schedule K-1 is used to show income/loss for individual partners in a partnership or (different form) individual shareholders in an s corporation. A partnership schedule K-1 shows the partner share of income/loss from a partnership. An S corporation K-1 shows individual shareholder income/loss.

Asset
Asset

Salaried vs. Hourly Employees
Salary vs. Hourly pay for employees

Personal Guarantee on Lease
: Why Do I Need a Personal Guarantee for a Commercial Lease? : When I talk to people who are getting

Domestic LLC or Corporation
Domestic Limited Liability Company Domestic Corporation

Starting a Proprietorship
A sole proprietorship is the easiest and least complex form of business. Here is an explanation of the sole proprietorship and how to start a sole proprietorship.

Equity Interest
Definition of equity interest.

Depreciation vs. Amortization
This article explains the difference between depreciation and amortization.

Documents for Form I-9
Documents acceptable for verifying new hire identity and employment authorization

Out of State Sales
Discussion of whether a business selling products or services in several states must collect sales tax.

Payroll
Payroll definition

Form 8832 Entity Election
How to file an entity election for an LLC on Form 8832.

Backup Withholding
What is backup withholding, what are rules for backup withholding, and how to comply with those rules.

All about Disregarded Entities
Describes what business types are considered disregarded entities

Registered Agent
Registered Agent definition

Draw - Owner's Draw
Owner's Draw

Selecting a Board of Directors
Selecting your board of directors