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Is Depreciation an Operating Expense?
The short answer? Yes, depreciation is an operating expense. Companies often buy fixed assets for…
How to Calculate Profit Margin
Business owners can calculate profit margin by comparing their company’s profits to its total revenue for a…
What Is Liquidity?
Liquidity has several definitions: there’s a broad understanding of what liquidity is and an accounting-specific…
Balance Sheet vs. Income Statement: What's The Difference?
The balance sheet and income statement are both important documents to business owners everywhere. When…
How to Calculate Net Income
Businesses can calculate net income by taking their total incoming revenue for a specific time…
Understanding The 1065 Form
The IRS Form 1065, U.S. Return of Partnership Income, is the form used by business partnerships to file…
What is Solvency?
Many companies focus primarily on profit, which is important, but in the attempt to increase…
How Do I File an Extension for My Business Taxes?
If you’re not ready to file your annual return when April 15 comes around, requesting an extension…
What is Nexus? And What Are the Qualifying Events for Nexus?
Nexus is when a vendor has a “substantial physical presence” within another state and is…
