EIN Lookup: How to Find Your Tax ID Number
Lost your EIN? Learn how to find your Employer Identification Number using IRS records, tax returns, bank records and official EIN lookup methods.
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What Is an ITIN Number? How It Works in the United States
An Individual Taxpayer Identification Number, or ITIN, is a nine-digit tax-processing number issued by the Internal Revenue Service. It is for a person who needs a U.S. taxpayer identification number for a federal tax purpose but does not have—and is not eligible to receive—a Social Security number.
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Retained Earnings: Formula, Examples & Funding Impact
Retained earnings are one of the most useful numbers on a company’s balance sheet because they show how much profit—or loss—the business has accumulated over time after accounting for dividends or applicable owner distributions.
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LLC Operating Agreement: What It Is, Why You Need One & Template
Learn what an LLC operating agreement is, what it includes, how it protects your business, and how to create one for a single- or multi-member LLC.
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Buying an Existing Business: How to Purchase, Evaluate & Finance One
Buying an existing business can provide immediate access to customers, revenue, employees, equipment and operating systems—but the buyer also inherits transition risk and any obligations included in the deal.
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How to Fill Out Form 1120: Step-by-Step Instructions [Updated for 2026]
Form 1120, U.S. Corporation Income Tax Return, is the federal income tax return generally used by domestic C corporations and other eligible entities that elect to be taxed as corporations. The 1120 tax form reports gross income, deductions, credits, taxable income, total tax, payments, and any amount owed or overpayment.
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Form W-7 Instructions: How to Complete the ITIN Application
This guide explains who should use the W-7 application form, how to complete the fillable PDF on a computer, what belongs in an ITIN application package, where to submit it, and how long IRS processing may take.
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How to Fill Out IRS Form 9465: Step-by-Step Instructions [2026 Edition]
IRS Form 9465 is used to request a monthly installment agreement when you cannot pay your federal tax balance in full. This guide explains what the form means, how to fill it out, how the 72-month payment calculation works, and how to set up a payment plan with the IRS online or by mail.
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What Is IRS Form 941? How to File Your Quarterly Tax Return [2026 Edition]
What Is Form 941? IRS Form 941, Employer’s Quarterly Federal Tax Return, is used by employers to report income and payroll tax withholdings, Social Security, and Medicare tax burden. The complete list of items
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LLC vs. Partnership: What Is the Difference?
LLC vs. Partnership: What Is the Difference?
Deciding on the right structure is an important first step in setting up your business.
If you’re going into business together, whether it’s formal business partners,
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IRS Form 2553 Instructions: How to Fill Out Form 2553
IRS Form 2553, Election by a Small Business Corporation, is the form an eligible corporation or business entity uses to make an S corporation election for federal tax purposes.
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How to Fill Out Schedule C (Form 1040): Step-by-Step Instructions (Updated for 2026)
What is IRS Schedule C (Form 1040)?
Unlike an employee, when you’re self-employed, you need to track your own taxes.
That’s where Schedule C tax Form 1040 comes in, which is used by
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How Schedule K-1 Works: Schedule K-1 Explained
What is IRS Form Schedule K-1?
Schedule K-1 is a tax form issued by the IRS which is designed to report each partner’s share of: Earnings
Credits
And losses and deductions Schedule K-1 applies
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EIN Lookup: How to Find Your Tax ID Number
Lost your EIN? Learn how to find your Employer Identification Number using IRS records, tax returns, bank records and official EIN lookup methods.
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How to Calculate Net Income Formula
What is net income?
Net income, or net profit, is one of the single most important business metrics.
Why? Positive net income is a sign of growth.
It means you have extra cash flow left
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![How to File IRS Form 4562: Step-by-Step Instructions [2024 Edition]](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.excelcapmanagement.com/wp-content/uploads/2020/01/Master-White.png)
How to File IRS Form 4562: Step-by-Step Instructions [2024 Edition]
What Is IRS Form 4562?
If you’ve made a new equipment purchase for your business over the past year, you’re probably looking to report that purchase on your taxes to make the most
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What Is the Section 179 Deduction: Does It Apply to You?
What is the Section 179 deduction?
Recently made a vehicle or equipment purchase for your business? Heard about Section 179 or simply looking for possible deductions for your purchase?
Section 179 is one tax deduction
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Profit Margin Formula: How to Calculate Profit Margin and Tips for Improving Your Margin
What is profit margin?
As a business owner, it’s important to not only know how much revenue your company is generating, but how much profit you’re actually making from that revenue.
That’s
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The Complete Guide to Incorporating a Business: How to Incorporate or Convert Any Business Entity
What is incorporation?
Thinking of incorporating your business? Or are you just starting out and want to know what exactly a corporation is?
Corporations enjoy several significant benefits, from tax advantages to liability protection. Not
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Form 4868: How to Get an Extension on Your Personal Taxes
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Need to extend your 2019 personal taxes? Form 4868 is what you need.
Daily life is both busy and hectic. But when tax season comes around, things get even more complicated, and sometimes, downright
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Form 7004: How to Get an Extension on Your Business Taxes
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Need an extension on your business taxes? IRS Form 7004 can help.
Running a business is hard enough without having to worry about saving up to pay your taxes at the end of the
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1099 Employee: Everything You Need to Know
As a business owner, there are several ways you can choose to classify those who work for you. The two primary ways are as a 1099 or W2 employee. A W2 employee is what most
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W2 Employee: Everything You Need to Know
What is a W-2 Employee?
Chances are you have had some work on a W-2 before from a previous employer and know what it’s like being a traditional employee. As a new business owner,
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Single Member LLC Defined
Excited to get to the fun stuff but bogged down figuring which business structure– single member LLC or sole proprietorship– is best for you? We break down both below to help make the decision clear
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How to Calculate Gross Profit Formula
What is gross profit?
If you’re just starting to dig into the accounting metrics of your business, gross profit is easily one of the most important of those metrics to understand.
Put it simply,
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What Is Depreciation? How to Calculate Depreciation, Save On Taxes, Depreciation Methods, and More
What Is Depreciation?
Depreciation is a deduction in the value of an asset with the passage of time (due mostly to wear and tear).
In terms of accounting, depreciation is useful because it allows you
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What Is Form 8821?
Similar to a power of attorney, but offering less authority in comparison, IRS Form 8821 authorizes a person or organization to both receive and receive a copy of filed tax returns and inspect a person’
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What is a UCC Filing?
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If you’ve recently reviewed your business credit report or have conducted a UCC filing search, you may have noticed a UCC filing on your report.
Why Do I have a UCC on My
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Self-Employed Health Insurance: Everything You Need to Know
So I recently had to get health insurance for me and my family and did not realize that there are great loopholes to help bring down the cost of you are self-employed so I decided
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Assets, Liabilities, and Equity: What They Are and Why They're Important
Knowing how to assess the financial health of your business is important. This starts at understanding assets liabilities & equity.
However, with so many different numbers, reports, and ways to look at those critical metrics
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Small Business Resources for Entrepreneurs
As an entrepreneur, it’s important to get your hands on every advantage available to help you succeed.
If you are reading this you should know that any resource is an edge of the competition
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How To Calculate an Amortization Schedule
Most business owners don’t fully understand the effects of long-term interest or how an amortization schedule works. As a result, they get locked into a loan and end up paying more interest than they
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2018 Small Business Tax Rate Guide
As a small business owner, it’s important to be able to gauge how much you’ll pay in taxes for the upcoming year.
The last thing you want is to go file your business
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What is a Fiscal Year ? Choosing Fiscal Year vs. Calendar Year for Your Business Taxes
As a business owner, you want to utilize every advantage available to maximize your success.
And one of the ways you can do that is by full understanding– and making a smart choice about– IRS
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Debt Service Coverage Ratio (DSCR): Formula, Calculator & Loan Guide
The debt service coverage ratio, or DSCR, compares the cash flow available to repay debt with the principal and interest a business or income-producing property must pay during the same period. It is one of
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How to Prepare an Accounts Receivable Aging Report
An accounts receivable aging report, also known simply as an A/R report or aging A/R report,is used by many business owners who invoice their clients to keep track of what payments are
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S Corp vs. C Corp: Which Is Best for Your Business?
We know– deciding between being an S corp vs. C corp for a business entity is the last thing you have time for. Unfortunately, before your business can turn a profit (or file its taxes…)
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How to Prepare a Profit and Loss Statement : The basics
How to Prepare a Profit and Loss Statement: The basics
Imagine for a moment, that you went to a doctor to get a checkup.
Only they didn’t actually give you a checkup; they simply
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How Long Do Hard Inquiries Stay on Your Credit Report?
Hard inquiries generally stay on a credit report for up to two years, while FICO usually considers inquiries from the previous 12 months. Learn how recent inquiries can affect credit scores and business funding reviews.
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How to Create a Balance Sheet - A simple Guide
As a business owner at one point in time or another, you have had to hear the word balance sheet when evaluating the strength of a business's financial health
A balance sheet is an important
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SS4 Letter - What is it and how to get a copy of yours
An SS4 Form is important - Learn Why
When running a business it's important to understand what legal documents are crucial to keep on file one of the most frequently used is the SS-4 Letter.
When
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