Learn what a consolidated income statement is and how producing one can help business owners attract investment and streamline their business operations.

Check out the benefits and risks of a self-directed IRA and learn the steps to get started with this investment option.

Learn the importance of prepaid expenses when presenting an accurate balance sheet and the benefits of prepaying common expenses like rent or insurance.

Find out the implications of selling business property and read our tips on how to reduce your capital gains tax liability on the sale.

Find out the top five benefits of forming a real estate LLC, including personal asset protection, pass-through taxation, and eligibility for the QBID.

Explore the top consultant tax deductions for freelancers including the QBI deduction, business use of a vehicle, and business travel expenses.

Check out the best ways to reduce taxable income, including retirement plans, changing your business structure, and taking the QBI deduction.

Tax benefits of an LLC and how this business entity helps avoid double taxation, reduces self-employment taxes, and gives access to deductions.

Learn what petty cash is, how much to keep on hand, how petty cash affects bookkeeping, and the pros and cons of keeping petty cash in your small business.

Six important small business tax tips this year to stay organized, maximize your tax deductions, and avoid IRS penalties.

Tax basis vs book basis accounting, their pros and cons, and when to use each one.

Learn about the accumulated earnings tax, how it affects retained earnings, and how the IRS determines how much business profit is reasonable to retain.

Learn about standard costing, how it helps improve efficiency in companies, its benefits and potential drawbacks, and how to calculate your standard costs.

Creating business expense categories for tax helps your business organize its records and ensure it benefits from all the available tax deductions.

Learn if Patreon income is taxable, which taxes content creators typically pay, which forms to file, and when to get professional tax help.

Learn how to process payroll in your business, how to calculate gross and net pay, and how payroll solutions can streamline the process.

Learn how to file back taxes when you’ve missed one or more deadlines, the timescales involved, and the possible consequences of not paying back taxes.

Discover how much you should set aside for taxes as a 1099 contractor, which taxes you must pay, and how to calculate and file estimated quarterly taxes.

Discover what miscellaneous itemized deductions are, how itemized and standard deductions differ, and the impact of the Tax Cuts and Jobs Act on deductions.

Learn what beneficial ownership reporting is, who is considered a beneficial owner, and how to prepare and lodge a BOI report if required.