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Small Business Tax Preparation for Independent Contractors

BY Eddy Hood IN Small Business Accounting ON Oct 17, 2017 WITH Be the First to Leave a Comment!

 


Today there are more freelancers or independent contractors working in the U.S. than ever before. The advent of this “freelance economy” offers many benefits such as flexibility and cost savings, allowing business leaders to focus on growing their operations. At the same time, choosing to hire freelancers can present unique challenges such as compliance concerns, potential legal issues and of course tax implications.

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Small Business Accounting: How to Calculate Key Financial Ratios

BY Eddy Hood IN Small Business Accounting ON Oct 09, 2017 WITH Be the First to Leave a Comment!

When it comes to small business accounting, there’s a lot you need to know in order to make the most informed financial decisions. One of the best places to start is to understand the calculation of key financial ratios and their interpretation. Before we dive into the key ratios, let’s do a quick refresher on three key financial statements: the balance sheet, income statement and statement of cash flow.

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