Mastering the Payroll Journal Entry: Examples and Tips for Contractors
Discover the essentials of the payroll journal entry. Learn about types, examples, and best practices to streamline your employee payroll accounting.

What the Percent of Sales Method is and How to Use it
What is the percentage of sales method for financial forecasting, and why is the percentage method used? Learn the formula to predict business success.

Paid in Arrears: What Contractors Need to Know About Backward Payment Systems
Being paid in arrears means you’re being paid for work after it’s completed. Here’s a guide to understand if this payment method is right for you.

How to Calculate Bad Debt Expenses: a Guide to Contractor Accounting
You expect clients to pay invoices on time. But unforeseen circumstances can lead to unpaid debts. Learning how to calculate bad debt expenses can help you avoid these issues

10 Business Expense Categories Every Contractor Must Track for Taxes
Expense categories organize the costs related to doing business. Knowing where your money’s going can help you budget more effectively.

Simplifying Retroactive Pay: What You Need to Know
Uncover the value of retroactive pay in correcting payroll mistakes. Learn how retroactive pay addresses payroll errors and boosts employee trust.

A Simple Guide to Which Payroll Taxes Contractors Must Pay
Understanding which payroll taxes are paid by employers isn’t always easy. Learn about payroll tax rates and the taxes paid by employers in this guide.

Payroll Deductions Explained: Everything Contractors Need to Know for Compliance
Payroll deductions are mandatory and voluntary withdrawals employers make from employee paychecks. Learn more here about how they work with this guide

What is Taxable Income? A Complete Overview
Get a better understanding of taxable income and how to calculate it. Plus, discover smart strategies to reduce it and keep more of your money.

How to Issue a 1099 Form: Step-By-Step Guide
New to working with contractors? Here’s how to issue a 1099, including who gets one, filing deadlines, and best practices for a smooth process.
