What Is the Foreign Tax Credit?
If your business earns income from international clients, the IRS Foreign Tax Credit could save you thousands. Learn how it works & how to claim it.
Discover the secrets to measuring KPIs effectively and driving your business growth with confidence. Plus, get your hands on a valuable cheat sheet featuring the most common KPIs used by successful businesses.
Don't sweat it! Explore our IRS library for everything you need to respond with confidence and ease.
If your business earns income from international clients, the IRS Foreign Tax Credit could save you thousands. Learn how it works & how to claim it.
Running a partnership or multi-member LLC? Learn the IRS Form 1065 filing requirements including: deadlines, key schedules, & how to avoid costly...
S-Corp owners can still benefit from home office deductions. Learn how to use an accountable plan and how to stay compliant with IRS rules.
Summer brings more business—and more payroll risks. From worker misclassification to missed tax deadlines, learn the top payroll mistakes.
Thinking of starting a partnership? Learn how business partnerships work, including types, taxes, pros, cons, and how to set one up—step-by-step.
Learn what a C-Corp is, how it works, & its pros and cons. Understand taxes and how to register your business as a C-Corp with step-by-step guidance.
Learn how the Work Opportunity Tax Credit (WOTC) helps small businesses save on taxes by hiring from targeted groups.
Curious about what an S-Corp is and how it affects your small business taxes? Discover the pros, cons, & step-by-step process of registering as an...
Comparing Melio, Plooto, and Bill.com? Discover the key features, pricing, and best use cases to find the right payment platform for your business.
IRS tolling events can extend the time the IRS has to audit your returns or collect taxes. Learn about common tolling events & how to plan around...
Construction accounting has unique challenges due to long project timelines & fluctuating costs. Learn why methods like PCM & project-based tracking...
Learn how to record SBA loan payments in QBO with this step-by-step guide for small business owners. Simplify your bookkeeping with LedgerFi!
Is your business making money but still struggling to stay afloat? Learn how to spot cash flow issues and stop your business from running out of...
Compare S-Corp & C-Corp structures to find out which is right for your business. Learn key tax differences, investor advantages, and when to choose...
Discover what a CFO does & how they help small businesses grow. Learn the key roles and how CFO-level strategy can boost your business success.
Learn the difference between short-term & long-term debt, how each affects your business, and why managing both is essential for growth & investor...
What is a sole proprietorship and how do you start one? Learn the pros, cons, tax rules, and setup steps for this simple business structure.
Learn how to calculate gross profit margin & why it’s crucial for business success. Simple examples, formulas, and tips to track your true...
Understand how owner’s equity is calculated & how it varies by business structure. Learn ways to build equity via capital contributions & smart...
Learn how to file your Delaware Annual Report! Understand franchise tax methods, filing requirements, & how to avoid costly mistakes. Updated for...
Getting an IRS notice can be stressful—but not all of them mean you're in trouble. Learn the most common notices businesses receive & what each one...
Learn what tax liability means for your business, how it's calculated based on entity type, and key tips to minimize what you owe at tax time.
What's the difference between accounting & bookkeeping? Learn how each supports your business & why you need both to stay compliant, and ready to...
S-Corps are need to hold annual meetings to protect their tax status. Learn what to include in meetings, how to record minutes, & what happens if...
Learn the basics of business budgeting & why saving is crucial for growth. Explore budgeting types & tips to start building a strong financial...
Learn the top profitability metrics every B2B business should track to improve margins & scale smarter. Get insights on ARPC, net margin, and more.
Discover the top 5 profitability metrics every B2C business should track to improve financial performance and drive smarter growth decisions.
Wyoming LLCs offer privacy, tax perks, and strong asset protection—but are they right for your business? Get the pros & cons from the experts at...
By December 31st, all California employers with 1+ employees must comply with the CalSavers mandate. Learn what it means, who’s affected, & how to...
Looking to secure a business loan? Learn how to get approved, from determining needs to finding the right lender—plus how organized finances can...
From quick ratio to working capital, get a clear view of your B2C business’s liquidity with these essential metrics for smart financial...
Master your B2B cash flow with essential metrics that reveal how efficiently you collect, manage, & spend cash—perfect for improving decision-making...
Effective expense management is key to healthy cash flow. Learn tips for tracking business expenses, reducing waste, & optimizing budgets for more...
Need to recover your QBO account from a bookkeeper? Follow our step-by-step guide to reset passwords, transfer admin access, & secure your financial...
Is it time to outsource your bookkeeping? Discover how hiring a bookkeeper can help your business scale, improve financial accuracy, and free up your...
Need to mail your tax return? Learn the correct IRS mailing addresses, deadlines, required forms, & tips to ensure your return is processed without...
Still using QuickBooks Desktop? Learn why switching to QuickBooks Online is the best move for your business, from cloud access to real-time...
Should you deduct mileage or actual vehicle expenses? Explore the pros & cons of Standard Mileage v. Actual Expenses, depreciation rules, & IRS...
Nonprofits need specialized accounting to keep 501(c)(3) compliance & secure funding. Learn best practices for fund accounting, grant tracking, &...
Business vehicle purchases offer major tax incentives! Learn how to write off vehicle expenses, claim depreciation deductions, & leverage tax...
Thinking about switching to an S-Corp? Learn when it makes sense, how it reduces self-employment taxes, & what to consider before making the switch.
Maximize your tax savings with key small business deductions & tax credits. Learn how to reduce taxable income, claim clean energy & EV credits, &...
Missed the S-Corp election deadline? Learn how to file a late S-Corp election with Form 2553, understand eligibility criteria, & avoid potential...
Is your business registered in Delaware? You gotta pay the Franchise Tax by March 1st/June 1st! Learn how the tax is calculated & the penalties for...
Are your books driving you crazy? Outsourced accounting can help you stay on top of your accounts and save time and money. Here’s how it works.
Learn to calculate payroll correctly, including payroll taxes, employee benefits, & withholding requirements. Discover industry payroll benchmarks &...
Manage your business finances with QuickBooks Online. Learn how QBO’s cloud-based platform, automation tools, and financial integrations make...
Understanding the difference between legal & tax structures is crucial for business success. Learn how your Partnership, S Corp, or C Corp is taxed &...
Switching a worker from W-2 to 1099? Learn when it’s allowed, how to avoid IRS penalties, & the correct steps to transition employees into...
Confused about 1099-NEC vs 1099-MISC? Learn the differences, filing deadlines, penalties, & how to correctly issue each form to stay IRS compliant in...
How long does the IRS have to audit a business? Learn about underreporting, tax extensions, business recordkeeping, & ways to reduce business tax...
IRS Form 2553 is the form that LLCs or C Corporations file with the IRS to elect S Corporation (S-Corp) tax status. Learn how Form 2553 can save you...
Need to find your EIN number? Learn how to locate your Employer Identification Number (EIN), why it’s important for business taxes, and how EINs...
Was your business impacted by the California wildfires, you may be eligible for federal & state tax relief. Discover how to claim wildfire casualty...
Why is Delaware a top choice for incorporation? Explore tax benefits, legal protections, & corporate flexibility—plus key considerations before you...
Struggling with payroll? We break down ADP, Gusto, & Paychex to help small business owners choose the right payroll service for efficiency and...
Worried about an IRS audit? Discover the 5 most common triggers for small businesses and actionable tips to minimize your risk and protect your...
Understanding the differences between 1099 and W-2 employees is crucial for businesses. Let’s explore the key distinctions between the two.
Maximize your tax savings! Explore key deductions for small businesses, common mistakes to avoid, and expert tips to ensure compliance with IRS...
Learn how to file your 1099 form with this 2025 tax guide. Discover who needs to file, step-by-step instructions, and essential tips for small...
A letter from our CEO about the Bench shutdown, emphasizing data ownership, uninterrupted operations, and building trust in financial platforms.
Learn how to streamline your inventory management for enhanced efficiency and strategic business growth with automation.
Unsure about the difference between cash vs accrual accounting? Find out which method suits you best and how it can impact your small business.
Both QuickBooks and Xero bring small businesses affordable and accessible bookkeeping services that keep all your financial ducks in a row.
Learn why bookkeeping is important for your small business and how to make the most out of it.
Our comprehensive guide breaks down the key differences, benefits, and registration process for both options. Discover which business structure is...
Are you a small business looking for ways to save money during tax season? Here’s five high value tax strategies you may not have already...
5 Important Financial KPIs to help you create effective goals that can help you scale your business and plan your growth hacking tactics.
Worried your small business is going to be audited by the IRS? What you need to know about small business IRS audits and how good bookkeeping can...