What is Gross Profit and Why Is It Important?

Most business owners understand what net profit is for their business and is mainly what they look at. The net profit of a business is the funds that are left over after the expenses are subtracted from the income that came in. Most businesses pay attention to this and this alone. There is a more…

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How to Set Up Payroll for Your Small Business

A Step-by-Step Guide Setting up payroll is one of the most important (and legally risky) tasks when you hire your first employee. Do it wrong and you can face IRS penalties, state fines, unhappy employees, or even personal liability. Do it right and it runs quietly in the background every pay period. Here’s the playbook…

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