Business Entities

[embedyt] https://www.youtube.com/embed?listType=playlist&list=PLVxBmyedTVhROKpQysyTPYJJ086Op9BHf[/embedyt]   This series talks about the variety of business entities available to you the small business owner. After watching these videos you should have a better understanding of what each choice represents. Please consult your accounting/ tax professional for advice. This playlist contains 5 videos.

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Accounting and Bookkeeping Principles Defined

Every small business owner should have at least some understanding of daily record-keeping practices and principles. Even if you hire an accountant to manage your books, you need to have a basic knowledge of how things work to ensure they’re being processed correctly. Here are some of the basic accounting and bookkeeping principles defined in simple terms. With the cash basis of accounting, income is recorded when its received, and expenses are recorded as theyre paid. The cash method does not take into account any accounts receivable or accounts payable.…

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7 Truths About Money

Many small business owners fear the money side of their business. This is a result of never really understanding how to keep track of it, and not knowing what the most important metrics are for tracking it. Some don’t want to face the financial truth about their company. Once-a-year accountants are not much help, since they speak in a jargon that small business owners do not understand. For their part, small business owners are embarrassed to ask questions for fear of looking stupid. Unfortunately, these actions often mirror what is…

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