#small-business
Financial management strategies and tools for small business owners
A quiet title action clears liens, heir claims, and recording errors by court order — uncontested suits take 2-6 months and cost $1,500 to $5,000.
Remittance advice tells your supplier which invoices a payment covers — invoice numbers, discounts, and credits included — so cash applies cleanly.
Single-entry tracks cash; double-entry tracks your whole business. Each transaction hits two accounts, keeping Assets = Liabilities + Equity balanced.
Tax-basis statements measure your books by IRS rules, not GAAP — 20 to 30 percent cheaper, but lenders lose comparability and deferred-tax visibility.
A dollar today is worth more than a dollar tomorrow. TVM formulas for compounding and discounting, worked examples, and how to pick a discount rate.
Reimbursements stay tax-free under IRS rules only with 60-day substantiation and 120-day return of excess advances — miss either and they become W-2 wages.
Apportioned plates let one interstate truck register once: the base state collects the fee and splits it across states by miles driven.
Most US restaurants charge $20-$25 per bottle in corkage; the fee is a taxable service charge, so ring it separately and run staff payouts through payroll.
About 4 in 5 IRS audits are letters you answer by mail; office and field exams meet in person — and Section 7521 lets you record the interview.
An EFA is an installment sale — you own the equipment from day one, repay fixed payments with no stated interest rate, and deduct it under IRS Section 179.
Eight US states adopted flat taxes since 2021, with more cuts for 2026 — pass-through owners should re-run estimates, PTET elections, and nexus exposure.
Numeric's $30/user/mo plan and AI-drafted flux commentary beat FloQast checklists for lean teams — unless matching volume forces BlackLine.
