small business

Small business owners determine their salary by balancing the business’s financial health, market rates, personal needs, and their contributions. This guide offers practical steps to help owners set a fair and sustainable compensation.

Wondering what it takes to start a small business? From choosing a legal structure to setting up finances and marketing, learn the essential steps every new business owner should know to get started right.

Curious how the IRS defines a small business? While there’s no single definition, the IRS classifies businesses by structure—like sole proprietorships, partnerships, LLCs, and corporations—and applies tax rules accordingly. Learn how your business type impacts your tax obligations.

Small businesses can simplify tax preparation by effectively separating and organizing receipts. Learn practical tips such as using separate business accounts, digitizing receipts, categorizing expenses, and employing accounting software to keep your financial records clear and tax-ready.

While bookkeeping is essential for financial management, small businesses may face challenges like time consumption, error risks, lack of expertise, and software complexity. Learn the key disadvantages and how to address them effectively.

QuickBooks bookkeeping rates for small businesses vary based on service scope, business complexity, and the bookkeeper’s experience. This guide breaks down typical pricing models—hourly rates, flat fees, and more—so you can budget smartly for professional bookkeeping support.

Bookkeeping for a small business can take anywhere from a few hours a week to several hours per month, depending on transaction volume, business complexity, and the tools used. This guide breaks down the key factors that influence bookkeeping time and how to manage it efficiently.

Wondering how much to charge small businesses for bookkeeping? This guide covers key pricing factors—like service scope, experience, and market rates—so you can set fair, competitive fees while ensuring your work is properly valued.

Creating a record book for your small business is essential for tracking finances, staying compliant, and making smart decisions. This guide walks you through setting up a simple and effective record-keeping system—whether you prefer physical ledgers or accounting software.

How much money should a small business keep in its bank account? While there's no fixed rule, experts recommend maintaining enough cash to cover 3–6 months of operating expenses, plus extra for emergencies, taxes, and growth opportunities.

Small business management involves planning, organizing, staffing, financial oversight, marketing, and customer service to ensure the success and growth of a small business. It requires hands-on leadership, adaptability, and strategic decision-making.

Small business owners can pay themselves through methods like salary, owner’s draw, dividends, or profit distributions—depending on the business structure. Choosing the right method depends on tax implications, legal classification, and financial goals.

ADP offers flexible payroll and HR solutions tailored to small businesses, with pricing that varies based on services, employee count, and customization needs. Whether you're considering ADP Run, Workforce Now, or TotalSource, understanding the different pricing models and features can help you choose the right plan for your business.

Doing payroll for a small business can range from relatively simple to quite complex, depending on the size of the business, the number of employees, the frequency of pay periods, and the level of automation and support you have. Here are some factors to consider when assessing the difficulty of managing payroll for a small business: Number of Employees: The more employees you have, the more time-consuming and complex the payroll process can become. Managing payroll for just

Payroll is one of the largest expenses for small businesses—but how much should you actually spend? This guide explains how to calculate payroll as a percentage of revenue, what typical benchmarks look like across industries, and how to balance fair compensation with profitability.

Want to pay yourself as an employee of your own business? This guide walks you through the essential steps—choosing the right business structure, setting up payroll, determining compensation, registering for payroll taxes, and staying compliant with employment laws.

Structuring small business management is essential for long-term success. From choosing the right legal structure to defining roles, responsibilities, and communication processes, a clear management framework ensures smooth operations and accountability. Learn the key steps to organize and optimize your business leadership for growth.

You don’t have to sell your small business to access its value. Business owners can cash out through methods like owner’s draws, dividends, salary payments, loan repayments, or asset leasing. These strategies allow you to extract profits or capital while continuing to operate or grow your business. The right method depends on your business structure, profitability, and long-term goals.

How much should a small business owner pay themselves? While there's no universal percentage, finding the right balance between meeting personal financial needs and supporting business growth is essential. This guide breaks down key factors to consider—from business structure and cash flow to tax implications and industry standards.

Figuring out how much to pay yourself as a small business owner isn't always simple. From understanding your business structure to balancing growth with personal needs, learn how to set a salary that works for both you and your business.