S corporations (S-corps) are pass-through entities that don’t pay federal income taxes. Rather, their profits, losses, deductions, and credits pass to their shareholders’ tax returns. The shareholders are then responsible for paying federal income taxes on their share of the S-corp’s income based on their individual income tax rates. Since S-corps are not taxed at…
Starting a Business
How to Create a Vision Statement (+ Free Template)
Creating a vision statement is fundamental to defining your brand’s identity and provides an aspirational goal for everyone in your company to pursue. But learning how to write a vision statement that is effective and inspirational can be challenging. To make it easier, download our free template and follow the steps below to create a…
18 Tips on How to Get Bookkeeping Clients
There are many creative ways for your bookkeeping business to stand out from competitors. By enhancing your credibility, creating a professional image both virtually and in person, and actively seeking referrals, you will increase your chances of retaining your current clients and gaining new ones greatly. If you’re wondering how to find bookkeeping clients, read…
12 Inspiring Vision Statement Examples for Small Businesses in 2023
Your vision statement presents an aspirational outlook of your future goals for your small business. They tell the world where you want your brand to be after a certain time period, particularly the goals you’ve achieved and the impact you’ve made, all in a brief sentence or two. In this article, we cover 12 inspiring…
16 Small Business Mission Statement Examples & Why They Inspire
A mission statement is a short, meaningful summary of the primary purpose of your business; in other words, why you do what you do. The best examples showcase a brand’s identity, resonate with the target audience, and can even be used to guide business decisions. We rounded up over a dozen of the best small…
What Are Core Values in Business & How to Write Them (+ Template)
Core values are principle-based statements about how your company does business. They guide everything from long-term strategy to daily operations. Together with mission and vision statements, core values are the bedrock that makes up your brand identity. Learn more about what core values are, why they matter, and how to write them. Download our free…
11 Core Value Examples for Small Businesses in 2023
Core values are essential for any organization, big or small—they are the strategic traits, ethics, behaviors, and beliefs fundamental to its overall brand identity. These values are reflected in day-to-day operations, offerings, and interactions with employees and customers. We’ve rounded up a list of the best small business core value examples to inspire yours. 1….
How to Write a Small Business Mission Statement (+ Template)
A business mission is a short statement describing the “why” behind your vision. It’s the primary reason your business exists and why you do what you do. Download our free mission statement template and follow the steps below to learn how to write a mission statement for your small business. Mission Statement Template (Free Download)…