This past summer, DWB Accounting held its first successful debut of its “Annual Business Pitch Competition” live pitch event that took place Juneteenth weekend at Jolie Studio in Brooklyn, NY. A competition specifically geared towards minority-owned businesses that are black-owned and entrepreneurs with a pitch idea.
Read MoreBeing a small business owner you will be faced with many decisions to make and choosing the right legal entity may not be the first thing on your mind. However choosing the right business structure is a key decision and it can affect your tax obligations, personal finances, etc.
Read MoreIf you want to be successful in business, you’re going to have to learn how to keep the books in order. According to the Small Business Administration, learning accounting is important for business owners because sound financial information enables them to make informed business decisions.
Don’t be left in dark about your company’s money situation. Use these nine accounting best practices to help get your bookkeeping on the right track.
There are accounting two methods: cash and accrual. Accrual accounting is a method in which a business puts transactions on the books as soon as the transaction is made. Cash accounting — the more common of the two methods, according to the SBA — occurs when a business records transactions once payments have been received or made. Each method has advantages and disadvantages.
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