#small-business
Financial management strategies and tools for small business owners
IRS rules: the AOTC pays up to $2,500 per undergrad and is 40% refundable; the LLC pays up to $2,000 per return for grad school and skills courses.
A BOP bundles liability, property, and business interruption for ~$83/month — but never covers workers’ comp, commercial auto, or professional liability.
Your CAM bill is your pro rata share of common-area costs — check the GLA denominator, enforce exclusions and caps, and object before the deadline.
Section 1061 grants carried interest long-term rates only when assets are held over 3 years; otherwise the manager's profit share is taxed as ordinary income.
AIPB's CB is the budget self-study path with proctored exams; NACPB's CPB license costs more with coursework. Pick by budget, background, and learning style.
Number accounts by tens inside 1000–9000 blocks and map each P&L line to Schedule C — a COA that scales without renumbering.
Reconcile corporate cards weekly, not monthly — matched receipts, netted refunds, and repaid personal charges keep you inside the IRS 60-day window.
COGS is beginning inventory plus purchases and direct labor minus ending inventory — under IRS rules a $5,000 miscount moves gross profit $5,000.
Reconcile your Z-report, till count, and bank deposit every day: a 15-minute routine that catches cash shortages while memories are fresh.
E-2 needs treaty capital at risk, L-1A a year abroad, O-1A three of eight criteria — then every US hire needs an EIN, I-9, and payroll-tax filings.
LIFO matches newest costs against sales, cutting taxable income while prices rise — but the IRS locks in the election and taxes the reserve when you leave.
Garage liability pays for harm your work causes others; garagekeepers pays for customers' cars in your care; cargo covers freight you haul.
