Ganeshkumar S K ![How to Master Business Laws: A Plain-English Guide for Small Business Owners[2025]](https://thecorporateblawg.com/wp-content/uploads/2025/06/Bookkeeping-101-Essential-Business-Guide-26.webp)
A new business law requires 32.6 million small businesses to register their beneficial ownership information with the Financial Crimes Enforcement Network by January 1, 2024. The numbers reveal a startling fact – 90% of small business owners surveyed didn’t know about this new ownership information reporting requirement . This gap in small business compliance … Read more
![Cash vs Accrual Accounting: Which Method Will Save You Money?[2025]](https://thecorporateblawg.com/wp-content/uploads/2025/06/Bookkeeping-101-Essential-Business-Guide-25.webp)
The choice between cash vs accrual accounting can affect your business’s financial picture and tax obligations by a lot. The cash method records income as it reaches your bank account and expenses after payment. The accrual method records revenue once earned and expenses once incurred. These methods differ in more ways than just bookkeeping. Small … Read more
Legal business contracts serve as the foundation of every successful small business operation – not just mere paperwork. Many entrepreneurs pour their energy into product development and marketing but overlook the agreements that safeguard their work. Running a business without enforceable contracts opens dangerous legal gaps that others might exploit. Business agreements between parties set … Read more
The difference between bookkeeping vs accounting is significant to manage your business finances well. Bookkeepers record daily transactions and earn a median of $47,440 annually. Accountants analyze financial data to provide strategic insights, and their median salary is $79,880 per year. This difference in pay shows how their roles and qualifications vary. Most bookkeepers don’t … Read more
A recent survey shows 18% of small business owners consider “high taxes and expiring favorable tax provisions” one of their top three concerns. Tax planning for business will become even more crucial as we move toward 2025. The tax scenario for companies of all sizes will see major changes during this period. Business owners can … Read more
Bookkeeping for small business can eat up 5 to 10 hours of your precious time each month. This essential business practice will affect your financial health and ability to make decisions. Many entrepreneurs push it aside until they face problems. Small businesses that ignore proper bookkeeping basics often run into compliance troubles and risk penalties. … Read more
Did you know that bank reconciliation errors can lead to under-reporting sales and might trigger a tax inspection? Many small business owners don’t realize this until it’s too late. Bank reconciliation works like your financial health check-up. It helps you find and fix data entry mistakes, detect wrong payments, and spot potential fraud. Getting it … Read more
A single email compliance violation could hit your business with a $53,088 fine. Each email that violates the CAN-SPAM Act carries this steep penalty. Your simple marketing campaign could quickly turn into a financial disaster. Email compliance goes beyond following basic rules. It covers data privacy laws that apply to businesses of all sizes and … Read more
Cloud bookkeeping continues to evolve faster as the standard for businesses of all sizes heading into 2025. Upwork reports that 32.6 million Americans – 22% of the workforce – will work remotely by 2025. This trend forces companies to adapt their financial systems. The workplace has changed dramatically, and 98% of employees want remote work … Read more
Foreign entrepreneurs need $264,147 from qualified US investors to qualify for the International Entrepreneur Rule. This requirement shows why businesses need an international business lawyer to navigate complex regulations in today’s global marketplace. Many startups fail at international expansion because they don’t have proper legal guidance. An international business attorney brings vital expertise to protect … Read more