Category Archives: Accounting

How one small business dealt with owing the IRS $15k

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When Debra Locker Griffin realized she owed the IRS $15,000, it became one of the biggest nightmares for a small business owner – not having the money. But luckily, Griffin found a way to pay the IRS and shared her …

Your Startups Pre-Launch Checklist: IRS Information (Part 2 of 14)

Posted on by Tyler

How to Get a Federal Tax ID Before your new venture gets started, its important that you let the Internal Revenue Service know of your startup. Giving the IRS your business information is a key step in the pre-launch phase …

What is in a Business Plan: Financial Projections (Part 11 of 11)

Posted on by Tyler

Time For Completion: Approximately 35 hours Financial statements are a very important part of your business plan. They give you an idea of how your business would be performing according to the market assumptions and the business model you choose. …