SB Network

By Nicholas Narlis How aggressive do you get this time of year when final payments are due for your annual income tax returns? The benefit of lowering your effective tax rate to save money is very compelling. However, the consequences of the tax authorities swooping in to discredit (and even prosecute) questionable items can be [...]

As a business owner you can’t look past the fact that the internet plays a big role in businesses these days. It’s not just a time waster for employees that sit day in and day out on Facebook or Youtube. The internet is also there to make life easier for business owners and this is [...]

The concept of depreciation is really pretty simple. For example, let’s say you purchase a truck for your business. The truck loses value the minute you drive it out of the dealership. The truck is considered an operational asset in running your business. Each year that you own the truck, it loses some value, until [...]

There are a few (and only a few) things you need to understand in order to make setting up your accounting system easier. They’re basic (trust me), and they will probably clear up any confusion you may have had in the past when talking with your CPA or other technical accounting types. Debits and Credits [...]

ACCOUNTING: A NECESSARY EVIL? Many of the small-business managers I know view accounting this way. It’s overhead and really doesn’t contribute to the bottom line. Or does it? The people who run the accounting system speak in an unintelligible blur of debits and credits. They have little grasp of the operation that generates the money [...]