Small Business Bookkeeping - EM4B

Small Business Resource Center

Should you discount your prices?

Here are a couple of examples why you should or shouldn’t discount your prices:


The 5 best ways to get slow payers to pay up!

Many small business owners have a difficult time reaching their customers for over due fees.  Here are the 5 best ways to get slow payers to pay up!


Should I add employees to my company credit card?

If you’re employees don’t have a credit card, help them apply for one.  Point them in the right direction, don’t co-sign or guarantee someone else’s credit card.  Here is a good place to get a personal credit card for a good rate


Can I write off personal expenses through my business?

People going into business for the first time often aren't sure what expenses can be written off and what expenses can't.  If an expense is written off that shouldn't be it is illegal and can cause serious consequences including large fines and jail time.


Where should I keep important business (and personal) documents that I have?


There are a few ways that you can keep important documents safe. They can secured inside a safe or locked filing cabinet. You can also enlist the services of a second party, such as a bank or an attorney, for your document safekeeping. It is a also a good idea to make scan backup copies of your improtant documents, as well.


How long do I have to pay if I owe money on my taxes this year?

April 15th is the day your taxes are due if you owe. Keep in mind that even if you file an extension because you need more time to complete your taxes, you still must pay any tax you owe on April 15th.  Filing an extension does not extend the time you have to pay your taxes; it only gives you more time to file your actual tax return. 


If you have two partners in a business how much should each one get paid?

Having a partner is a great idea in small businesses.  Sometimes you may get caught up on how much you both should be paid.  Here are some questions you will want to answers:

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