Tax Hive Blog

Enjoy these timely and informative articles that can help you make informed decisions about your business.

Top New Freelancer Business Financial FAQs
Top New Freelancer Business Financial FAQs
With the gig economy already in high gear, the COVID pandemic just accelerated enthusiasm for freelancing. There has never been a better tim …
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Financial Statements – Understanding the Balance Sheet
Financial Statements – Understanding the Balance Sheet
The balance sheet is one of the three main financial statements of a business. The others are the income statement and the cash flow stateme …
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Financial Statements: Reading a Cash Flow Statement
Financial Statements: Reading a Cash Flow Statement
Small businesses that use the cash accounting method may overlook using cash flow statements. However, those that use the accrual method of …
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Financial Statements: How to Read an Income Statement
Financial Statements: How to Read an Income Statement
For each financial reporting period, the income statement shows the money spent by the business and the money earned. It is also called the …
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Financial Statement Basics for the Business Owner
Financial Statement Basics for the Business Owner
Business owners, especially those who are successful at generating profits, put most of their effort and concentration on their products and …
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Winning Tax Strategies for Businesses 2021
Winning Tax Strategies for Businesses 2021
It is always wise to discuss tax strategies each year with your team, including your accountant. Earlier in the year is better, but it is ne …
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Top 10 Business Cash Flow Strategies
Top 10 Business Cash Flow Strategies
Business cash flow as a concept is simple. Cash flow is the movement of cash in and out of a business. The two types of cash flow are positi …
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The IRS Top 10 Checklist for a New Business
The IRS Top 10 Checklist for a New Business
Starting a new business, especially if it is your first entrepreneurial endeavor, involves a great many decisions and detailed planning if y …
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Thinking Ahead about Remote Employees over the Long Term
Thinking Ahead about Remote Employees over the Long Term
The massive changes in business due to the COVID-19 pandemic have damaged many smaller businesses, but others have found some of the changes …
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