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Let The Company Corporation® form your Corporation or LLC, quickly and easily. Packages starting as low as $149 (plus state fees).

When Your Business Ships Goods

When taking orders, whether by phone or online, you must follow the shipping and refund rules of the Federal Trade Commission’s Mail or Telephone Order Merchandise Rule, also known as the "30-Day Rule.” In a nutshell, the rule mandates that when you advertise merchandise and state the shipping times, you must have a reasonable basis for believing you can meet these shipping deadlines.

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Current vs. Capital Expenses
When you may deduct a given expense depends in part on whether it is considered a current or capital expense.

Accounting Terms Every Businessperson Should Know
This glossary of accounting terms will get you up to speed if you're new to business.

Raising Money for Your Small Business: Loans vs. Equity Investments
Here’s the lowdown on whether to borrow money or sell part of your business to an equity investor.

Should I report expense reimbursements as income?

In my work contract, I am called an independent contractor. No taxes are taken out of my pay. Am I considered self-employed? That is, do I have to file quarterly estimated self-employment taxes as if I were a small business? To add to the confusion, the company also reimburses me for my expenses, such as phone bills and supplies. When I receive my Form 1099 at the end of the year, should I then subtract the reimbursed expenses, and report only the wage portion as my income?

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