As a business owner, you have a variety of ways to transition ownership of your business when you're ready to retire or move on to a new adventure. Most business owners think of transitioning ownership to a family member or selling the company to a third party, but an often overlooked option is to sell the business to an employee stock ownership plan (ESOP).
Read MoreEquity compensation is a popular way businesses attract, retain, and motivate employees by offering them a stake in the company’s success.
There are several ways to structure equity compensation, each with unique tax consequences.
Read MoreRaising capital is crucial for any business looking to expand, innovate, or stay competitive during the startup and growth phases.
Whether you’re seeking a business loan or trying to attract outside investors, preparing your business for funding can ensure you get the capital you need while preparing for long-term business growth.
Read MoreThe payback period is the time it takes for an investment to generate income or cash equivalent to its cost. In other words, it's the period needed for an investment to "pay for itself."
Read MoreRunning a business involves more than just keeping the lights on and the products moving. To make informed decisions, you need to have a clear understanding of your company's financial health. This is where financial reports come in.
Read MoreToday, most businesses—no matter their size—recognize the benefits of cloud accounting. But if you already use on-premise accounting software, you may hesitate to consider switching to the cloud. Or, if you're just starting, you may wonder if cloud technology is secure.
Read MoreThe accounting cycle is a set of processes designed to capture and organize a company's financial transactions over a specific accounting period—typically a month, quarter, or year.
Read MoreIf you're a business owner who's outgrown trying to DIY your accounting and bookkeeping, you know you need professional help. But what kind of help do you need?
Read MoreMany small business owners mistakenly believe internal controls don't apply to them or that they don't have a large enough staff to implement internal controls. However, internal controls apply to businesses of all sizes.
Read MoreA comprehensive guide for selecting the perfect accounting software for your small business.
Read MoreGenerative AI refers to a type of artificial intelligence technology powered by large language models and trained on trillions of words. Learn about its practical uses and limitations.
Read MoreIt's easy to get stuck trying to figure out which business structure is right for your company. This post looks at two popular options S Corp vs LLC.
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