Google Workspace or Microsoft 365? Both providers offer businesses a cloud platform equipped with office and collaboration tools. With similar pricing, companies looking to centralize their work processes using cloud-based apps face a tough choice. In this article, we’ll take a closer look at the functionality and features of both solutions.]]>Tue, 15 Jul 2025 14:07:43 +0000
In the USA, the tax return deadline is usually April 15. Many freelancers (self-employed individuals or independent contractors) often have questions about earnings, deductions, and required forms. Staying organized and maintaining good records throughout the year can significantly reduce stress when filing taxes. Follow this step-by-step guide to learn how to calculate self employment tax.]]>Wed, 28 May 2025 07:05:50 +0000
Many businesses—whether large or small—depend on orderliness in their warehouses. To prevent organizational errors that could lead to significant business issues, companies should use inventory management software. These programs help businesses keep track of their inventory. What is inventory software and which are available on the market?]]>Wed, 21 May 2025 12:05:11 +0000
Withdrawing from company assets for personal use is common for business owners, as they need income. This process, known as an owner’s draw, can be complex in terms of accounting and tax law. What should you consider when withdrawing money, what types of withdrawals exist, and is it allowed in a limited company? We provide the answers.]]>Wed, 21 May 2025 10:05:52 +0000
Accounting is a complex task and especially entrepreneurs who are just starting their projects can use all the help they can get. With the right bookkeeping software, founders, freelancers, and SMEs have tools at their disposal that make the work easier and less error-prone. What bookkeeping software for small businesses is available? Find out everything you need to know in our comparison.]]>Wed, 21 May 2025 09:05:36 +0000
Regulations around individuals’ capacity to contract look at who may act in legal transactions and who may not or only to a limited extent. In this way, persons unable to contract are to be protected from unknowingly damaging themselves or others. Whether a person has the capacity to contract depends on their age or mental health. But what is the capacity to contract, what changes at which age group, and what restrictions are there?]]>Wed, 21 May 2025 09:05:58 +0000
Nomen est omen: The name of a company should be well thought out. A good company name that accurately reflects the characteristics of the business, products, or services can be invaluable—especially if it is well-known and positively perceived within the target audience. However, to ensure exclusive rights to its use, you should protect your company name—such as by registering it as a trademark.]]>Wed, 21 May 2025 09:05:24 +0000
Although it varies from state to state, there are some important things employers should keep in mind when hiring new employees. There are forms to fill out and registrations to be made with local authorities. This article explains what needs to be done and provides a handy checklist to ensure that each step in registering a new employee is completed.]]>Wed, 21 May 2025 08:05:40 +0000
If you want to use your company assets to strengthen company funds from your personal account, that isn’t a problem initially. However, you have to book these contributions and withdrawals correctly. It is important that these transactions do not affect the company’s profit or loss situation. Here’s how to record owner’s draws and capital contributions.]]>Wed, 21 May 2025 08:05:33 +0000
When tax season rolls around, you might find yourself asking: What’s my TIN? Where can I find it? Which number do I need—my Social Security number, a TIN, an ITIN, or an EIN? It can be confusing to keep it all straight. But don’t worry—there are easy ways to figure out which tax number is right for you. We explain everything.]]>Wed, 21 May 2025 07:05:18 +0000