S Election: A Valuable Option to Consider For Your LLC

The Limited Liability Corporation (LLC) has evolved into one of the most commonly selected entity types for American businesses. The benefits of the LLC are many, and include strong liability protections for the owners as well as potential tax advantages and ease of operation and administration. On the other hand, an S corporation enables you […]

Creating a Chart of Accounts You Can Use in Your Business

In today’s business world, every business needs to use accounting software, whether it be QuickBooks (the most common choice among small businesses) or any number of other off-the-shelf or web-based accounting systems. One of the very first steps a business takes when setting up and configuring accounting software is to create a chart of accounts.