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Accrual Accounting Vs  Cash Basis Accounting

Accrual Accounting Vs Cash Basis Accounting

April 9, 2021
Bill Kimball

If an electing S corporation wishes to adopt a tax year other than a calendar year, it must request IRS approval using Form 2553, instead of filing Form 1128. For information about changing an S corporation’s tax year and information about ruling requests, see the Instructions for Form 1128. All S corporations, regardless of when they …

Cashflow Tracker Calculator

Cashflow Tracker Calculator

April 8, 2021
Bill Kimball

Smartsheet offers additional Excel templates for financial management, including business budget templates. Analyze your monthly spending with this calculator to ensure you’re not spending more than you earn. Once you control your spending, consider investing or saving any extra money you have each month. Financial emergencies can …

12 Cash Flow Management Strategies For Small Business

12 Cash Flow Management Strategies For Small Business

April 8, 2021
Bill Kimball

With budget bars, transaction notes and beautiful reports, Float gives you complete control, confidence and clarity so you can take care of your cash. But monitoring your cash flow can be a definitive means of preventing business insolvency. With intuitive and visual cash flow forecasting provided by Float, you can make money troubles a …

Cake Decorator Job Description

Cake Decorator Job Description

April 8, 2021
Bill Kimball

Their attention to detail and steady hand all works to sell cakes to customers. These could be wedding cakes, birthday cakes, cupcakes or commercially available cakes sold to stores. You will use freehand techniques as well as kits and tools to decorate cakes and other baked goods. Some designs will be standard creations for our display …

What Forms A Good Business Team?

What Forms A Good Business Team?

April 7, 2021
Bill Kimball

For teams and companies that need to manage work across initiatives. For individuals or teams just getting started with project management. Personal attention is not just a concept to 7 17’s Business Team. It’s the compass they use to guide their actions every day.
In this kind of environment, innovation is hard, if not …

Selecting A Business Structure

Selecting A Business Structure

April 7, 2021
Bill Kimball

At tax time, the partnership must file a tax return that reports its income and loss to the IRS. In addition, each partner reports his or her share of income and loss on Schedule K-1 of Form 1065. Of all the decisions you make when starting a business, probably the most important one relating to taxes is the type of legal structure you …