While their transactions may not be as large, small businesses use the same system of accounts that large companies use. By understanding the five types of accounts and some common accounts of each ...

We’ve carried out research to identify our pick of the best joint business bank accounts from across the market. Some accounts will suit your business’ needs better than others while deals and offers ...

Accounting for partnerships vs corporations involves the same basic steps. Both must track revenue and expenses, file payroll reports if they have employees, account for inventory, pay property taxes ...

Keeping track of the money your business owes its suppliers and vendors is crucial to its financial health and long-term viability. That’s why all businesses need an accounts payable reporting process ...

Individual partners of partnerships and individual shareholders of S corps are now eligible for a business tax account, according to the Internal Revenue Service, joining sole proprietors. Processing ...

The AICPA issued a technical question and answer (TQA) Thursday to help financial statement preparers account for the amount a partnership pays the IRS for previous underpayments of tax, interest, and ...

On Thursday, the IRS released an early draft of the instructions for Form 1065, U.S. Return of Partnership Income (IR-2020-240). The IRS is accepting comments on the draft instructions for 30 days and ...

Find the best small business checking accounts with low fees, easy access, and top features to help manage your finances and grow your business efficiently. Opening a business checking account is ...

Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...