Basic Accounting


Recent Basic Accounting Articles

Small Businesses More Likely to Be Audited

As part of a broader enforcement effort, the IRS increased audits of S corporations by 34 percent this year.  Read more

Until Death, or Some Other Sticky Problem, Do Us Part

The best advice on partnership is: Don't. But if you must, here's what you need to know.  Read more

SBA Issues Loans to N.Y. Businesses Hit by Blackout

Businesses disrupted by the prolonged power outage are eligible for up to $1.5 million.  Read more

Small Businesses Maintain Optimistic Outlook

Energy costs and rate hikes fail to erode a positive view based on companies’ own successes.  Read more

New Grant Program Looks to Help N.O. Companies Create Revenue

A $100,000 grant has been earmarked for 20 businesses of fewer than five employees that are working to bring tourism to the area.  Read more

Bootstrapping 101: Get Paid Up Front

David Segura started his company with the initial payment for his first job, and continued his business through early payments and barters.  Read more

The Home Depot 

Bernie Marcus, founder of The Home Depot, addresses how Sarbanes-Oxley affects small business owners today. He encourages all small business owners to get...  Watch video

Study: Family Businesses Outperform Non-Family Firms

Companies started by families are more profitable and can have higher employee productivity.  Read more

Home-Based Sole Proprietors Generate $102 Billion in Revenue

Such business owners make less on average, but have higher return on revenues, according to a new study.  Read more

Summertime Tax Breaks

'Tis the season to slash your tax bill--and have a little fun, too.  Read more

Women Entrepreneurs Cite Health Care, Energy as Top Concerns

A majority are also worried about tax reform and the federal deficit, according to a new survey.  Read more

Don't Bet on It (But If You Do, Here's Advice on How to Win)

Who cares if your office's March Madness pool is illegal? That shouldn't stop you from trying to pick your way to prize money.  Read more

A Cure for Office Madness

The NCAA Tournament could cost the U.S. economy as much as $3.8 billion, according to some estimates. But not for companies that know how to use March Madnes...  Read more

Factors to Consider

Four key questions to ask before signing a factoring contract:  Read more

Tom Stemberg on Selling a Small Business

Tom Stemberg is founder and former CEO of Staples and venture partner at Highland Capital Partners in Lexington, Mass.  Read more

Improving Cash Flow

cash flow, getting paid, payables, receivables, accounting  Read more

It's 2006! Whatcha Gonna Do About It?

Talk to a bunch of entrepreneurs about the new year and you'll hear the same concerns again and again. We name them, explain them, and offer ways around them.  Read more

Sarbanes-Oxley Regulations May Be Loosened

An SEC panel is now debating whether small public companies should be allowed to maintain their own internal controls -- and avoid paying for outside audits.  Read more

Sarbanes-Oxley Regulations May Be Loosened

An SEC panel is now debating whether small public companies should be allowed to maintain their own internal controls -- and avoid paying for outside audits.  Read more

Sarbox No Picnic For Teddy Bear Maker

A former Inc. 500 company cites extra costs and stretched resources in decision to revert to private ownership.  Read more

Small Companies Get Sarbox Reprieve

By unanimous vote, the SEC extends the compliance deadline for small public businesses an extra year.  Read more

Everyone's a CFO

When Andrew Levine opened his PR firm's books, employees seemed bored. So he asked them to make the financial presentations instead.  Read more

Five Ways that Smart Companies Comply

Some tips for playing by the Sarbanes-Oxley rules.  Read more

What Does Sarbanes-Oxley Mean for Companies That Want to Go Public?

Added costs may keep smaller businesses away.  Read more

Surviving Sarbanes-Oxley

A law intended to clean up big public companies has taken its toll on small private ones--both financially and emotionally.  Read more

Gross Margin -- The Overlooked Metric

Small retailers who actively manage their gross margins will quickly discover that profitability and cash flow will consistently beat their budget projections.  Read more

New Deadlines for Accounting Changes

Businesses now have a greater window during which to submit accounting method change requests.  Read more

SEC Seeks Public Input on Sarbanes-Oxley

Some small businesses claim compliance too burdensome and discourages them from public offerings.  Read more

Can't Find an Accountant?

You're not alone. Sarbanes-Oxley has so overwhelmed accountants that companies are having trouble getting their books audited.  Read more

Fast-Growing Firms Feel Impact of Sarbanes-Oxley

Sarbanes-Oxley Act impacts three in 10 fast-growing private companies in the nation, says recent survey.  Read more

HP Expanding Into Service Industry

Hewlett-Packard announces plans to provide services critical to small business owners.  Read more

Five Ideas to Watch

...including artificial muscle and online aromatherapy.  Read more

Taking Stock

A new rule is forcing business owners to think twice about stock options.  Read more

Inc.com | Plug Those Cash Flow Leaks

Stop making the same old mistakes year after year that drain your business of cash. Make a commitment today to better understand your cash flow leaks -- stop...  Read more

Taking the Pain Out of Payday

Still cutting old-fashioned paychecks? Payroll debit cards offer a cheaper, more convenient alternative  Read more