In this particular episode, you will learn About Small Business Tax and Practical Tips Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Seek an attorney and qualified accountant. Topics Tax Accounting for a Small Business Tax Implications Employees and [...]
In this particular episode, you will learn About Small Business Legal and Practical Tips Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Seek an attorney and qualified accountant. Audio Small Business Accounting Tips, United States, Communicating with Your [...]
In this particular episode, you will learn About C-Corporations Introduction to S-Corporations Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Topics Corporation (C-Corporation) Share Types and Stock Ownership Corporate Governance Summary Subchapter S Corporation (S-Corp) Other Business [...]
In this particular episode, you will learn About Partnerships Flow-Through Businesses Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Topics Flow-through Entities and Corporate Double Taxation General Partnership Limited Partnership (LP) Limited Liability Company (LLC) Sole Member [...]
In this particular episode, you will learn About business types Liability protection Podcast transcript: Topics Business Types, United States Liability Protection and Piercing the Corporate Veil Sole Proprietorship Business Types, United States The legal structure of a business is referred to as the business entity, while Generally Accepted Accounting Principles (GAAP) provides guidance on different accounting [...]
In this particular episode, you will learn Accrual and cash basis accounting Double entry accounting Podcast transcript: Accrual Basis Accounting and the Matching Principle Accrual basis accounting is based upon Generally Accepted Accounting Principles (GAAP). This system is double entry and matches revenues and expenses during the proper period. For example, a company could have $50,000 in [...]
In this particular episode, you will learn Accounting standards, such as Generally Accepted Accounting Principles - GAAP Different types of businesses such as corporations, LLCs, partnerships, and sole proprietorships Podcast transcript: Cash Basis Accounting Cash basis accounting uses the flow of cash to determine when to recognize transactions on the accounting record. Revenue earned for services will [...]
In this particular episode, you will learn Accrual and cash basis accounting Double entry accounting Podcast transcript: Accounting Methods Very small businesses often use a single-entry system to record revenue when received and expenses when they are paid. For example, a traveling massage business “Magic Fingers” may choose to record all cash received from clients as revenue. [...]
In this particular episode, you will learn Accounting standards, such as Generally Accepted Accounting Principles - GAAP Different types of businesses such as corporations, LLCs, partnerships, and sole proprietorships Podcast transcript: Accounting Standards Business Types and Entities Managerial Accounting and Analysis Accounting Standards There are different accounting standards that are set with a combination of private [...]
In this particular episode, you will learn About different accounts such as assets, liabilities, and equity Introduction to financial statements Podcast transcript: Introduction to Accounting Accounts Financial Statements Debits and Credits Introduction to Accounting Accounting is the system of recording financial transactions with both numbers and text in the form of financial statements. It is useful [...]