EIN Lookup: How to Find Your Tax ID Number
Employer Identification Number Lookup Guide: Everything you need to know about your EIN / Tax ID Number
"Help, I need to find my EIN number!" If this is you, no need to worry. In the guide
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What Is an Operating Agreement? A Complete Guide for LLCs
What Is an Operating Agreement? An operating agreement is a document that outlines an LLC’s rules and regulations.
It functions similarly to articles of corporation, which are used to govern corporations.
How an Operating
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![Buying an Existing Business or Franchise: A Complete Guide [Updated for 2024]](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.excelcapmanagement.com/wp-content/uploads/2024/07/BUYING-A-BUSINESS-FEATURED-IMAGE.png)
Buying an Existing Business or Franchise: A Complete Guide [Updated for 2024]
Buying a business, whether a franchise or not, is a tried-and-true method for business success.
The ability to utilize: Pre-existing resources
Knowledge, and
Brand equity Not to mention, saving big time on startup costs, gives
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![How to Fill Out Form 1120: Step-by-Step Instructions [Updated for 2024]](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.excelcapmanagement.com/wp-content/uploads/2024/06/Master-White.png)
How to Fill Out Form 1120: Step-by-Step Instructions [Updated for 2024]
What Is IRS Form 1120? IRS Form 1120 is used by corporations to file their taxes. Specifically, to report their income, deductions, losses and gains, and credits. If you’re any type of U.S.
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How to Fill Out IRS Form W-7 and Obtain Your ITIN Number (Quick and Easy Guide)
What Is IRS Form W-7 Used For? IRS Form W-7 is an official IRS form used to obtain an Individual Taxpayer Identification Number. You typically need form W-7 for filing taxes with the IRS if
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How to Fill Out IRS Form 9465: Step-by-Step Instructions [2024 Edition]
What Is IRS Form 9465? IRS Form 9465 is used for requesting and implementing an installment agreement on tax payments. Typically, Form 9465 is used when someone files their taxes but finds that they owe
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![What Is IRS Form 941? How to File Your Quarterly Tax Return [2024 Edition]](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.excelcapmanagement.com/wp-content/uploads/2024/06/WHAT-IS-IRS-FORM-941-FEATURED-IMAGE.png)
What Is IRS Form 941? How to File Your Quarterly Tax Return [2024 Edition]
What Is Form 941? IRS Form 941, Employer’s Quarterly Federal Tax Return, is used by employers to report income and payroll tax withholdings, Social Security, and Medicare tax burden. The complete list of items
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LLC vs. Partnership: What Is the Difference?
LLC vs. Partnership: What Is the Difference?
Deciding on the right structure is an important first step in setting up your business.
If you’re going into business together, whether it’s formal business partners,
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IRS Form 2553 Instructions: How to Fill Out Form 2553
What is IRS Form 2553?
IRS Form 2553 is designed for businesses that want to elect to become an S corp (typically from a C corporation, the standard corporation type).
The main reason for this
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How to Fill Out Schedule C (Form 1040): Step-by-Step Instructions (Updated for 2024)
What is IRS Schedule C (Form 1040)?
Unlike an employee, when you’re self-employed, you need to track your own taxes.
That’s where Schedule C tax Form 1040 comes in, which is used by
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How Schedule K-1 Works: Schedule K-1 Explained
What is IRS Form Schedule K-1?
Schedule K-1 is a tax form issued by the IRS which is designed to report each partner’s share of: Earnings
Credits
And losses and deductions Schedule K-1 applies
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EIN Lookup: How to Find Your Tax ID Number
Employer Identification Number Lookup Guide: Everything you need to know about your EIN / Tax ID Number
"Help, I need to find my EIN number!" If this is you, no need to worry. In the guide
Read More
How to Calculate Net Income Formula
What is net income?
Net income, or net profit, is one of the single most important business metrics.
Why? Positive net income is a sign of growth.
It means you have extra cash flow left
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![How to File IRS Form 4562: Step-by-Step Instructions [2024 Edition]](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.excelcapmanagement.com/wp-content/uploads/2020/01/Master-White.png)
How to File IRS Form 4562: Step-by-Step Instructions [2024 Edition]
What Is IRS Form 4562?
If you’ve made a new equipment purchase for your business over the past year, you’re probably looking to report that purchase on your taxes to make the most
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What Is the Section 179 Deduction: Does It Apply to You?
What is the Section 179 deduction?
Recently made a vehicle or equipment purchase for your business? Heard about Section 179 or simply looking for possible deductions for your purchase?
Section 179 is one tax deduction
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Profit Margin Formula: How to Calculate Profit Margin and Tips for Improving Your Margin
What is profit margin?
As a business owner, it’s important to not only know how much revenue your company is generating, but how much profit you’re actually making from that revenue.
That’s
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The Complete Guide to Incorporating a Business: How to Incorporate or Convert Any Business Entity
What is incorporation?
Thinking of incorporating your business? Or are you just starting out and want to know what exactly a corporation is?
Corporations enjoy several significant benefits, from tax advantages to liability protection. Not
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Form 4868: How to Get an Extension on Your Personal Taxes
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Need to extend your 2019 personal taxes? Form 4868 is what you need.
Daily life is both busy and hectic. But when tax season comes around, things get even more complicated, and sometimes, downright
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Form 7004: How to Get an Extension on Your Business Taxes
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Need an extension on your business taxes? IRS Form 7004 can help.
Running a business is hard enough without having to worry about saving up to pay your taxes at the end of the
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1099 Employee: Everything You Need to Know
As a business owner, there are several ways you can choose to classify those who work for you. The two primary ways are as a 1099 or W2 employee. A W2 employee is what most
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W2 Employee: Everything You Need to Know
What is a W-2 Employee?
Chances are you have had some work on a W-2 before from a previous employer and know what it’s like being a traditional employee. As a new business owner,
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Single Member LLC Defined
Excited to get to the fun stuff but bogged down figuring which business structure– single member LLC or sole proprietorship– is best for you? We break down both below to help make the decision clear
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How to Calculate Gross Profit Formula
What is gross profit?
If you’re just starting to dig into the accounting metrics of your business, gross profit is easily one of the most important of those metrics to understand.
Put it simply,
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What Is Depreciation? How to Calculate Depreciation, Save On Taxes, Depreciation Methods, and More
What Is Depreciation?
Depreciation is a deduction in the value of an asset with the passage of time (due mostly to wear and tear).
In terms of accounting, depreciation is useful because it allows you
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What Is Form 8821?
Similar to a power of attorney, but offering less authority in comparison, IRS Form 8821 authorizes a person or organization to both receive and receive a copy of filed tax returns and inspect a person’
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What is a UCC Filing?
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If you’ve recently reviewed your business credit report or have conducted a UCC filing search, you may have noticed a UCC filing on your report.
Why Do I have a UCC on My
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Self-Employed Health Insurance: Everything You Need to Know
So I recently had to get health insurance for me and my family and did not realize that there are great loopholes to help bring down the cost of you are self-employed so I decided
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Assets, Liabilities, and Equity: What They Are and Why They're Important
Knowing how to assess the financial health of your business is important. This starts at understanding assets liabilities & equity.
However, with so many different numbers, reports, and ways to look at those critical metrics
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Small Business Resources for Entrepreneurs
As an entrepreneur, it’s important to get your hands on every advantage available to help you succeed.
If you are reading this you should know that any resource is an edge of the competition
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How To Calculate an Amortization Schedule
Most business owners don’t fully understand the effects of long-term interest or how an amortization schedule works. As a result, they get locked into a loan and end up paying more interest than they
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2018 Small Business Tax Rate Guide
As a small business owner, it’s important to be able to gauge how much you’ll pay in taxes for the upcoming year.
The last thing you want is to go file
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What is a Fiscal Year ? Choosing Fiscal Year vs. Calendar Year for Your Business Taxes
As a business owner, you want to utilize every advantage available to maximize your success.
And one of the ways you can do that is by full understanding– and making a smart choice about– IRS
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What Is Debt-Service Coverage Ratio or DSCR?
As an entrepreneur, access to funds when you need it most is critical to the success of your business.
That’s why it’s important to understand everything you’ll need to improve your chances
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How to Prepare an Accounts Receivable Aging Report
An accounts receivable aging report, also known simply as an A/R report or aging A/R report,is used by many business owners who invoice their clients to keep track of what payments are
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S Corp vs. C Corp: Which Is Best for Your Business?
We know– deciding between being an S corp vs. C corp for a business entity is the last thing you have time for. Unfortunately, before your business can turn a profit (or file its taxes…)
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How to Prepare a Profit and Loss Statement : The basics
How to Prepare a Profit and Loss Statement: The basics
Imagine for a moment, that you went to a doctor to get a checkup.
Only they didn’t actually give you a checkup; they simply
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How long do credit inquiries stay on your credit score?
How Long Does a Hard Inquiry Stay on Your Credit Report - Everything You Need to Know!
Your credit is one of the most important assets you can have if you are from the US and
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How to Create a Balance Sheet - A simple Guide
As a business owner at one point in time or another, you have had to hear the word balance sheet when evaluating the strength of a business's financial health
A balance sheet is an important
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SS4 Letter - What is it and how to get a copy of yours
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When running a business it's important to understand what legal documents are crucial to keep on file one of the most frequently used is the SS-4 Letter.
When starting a new business the IRS
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