Lots of small businesses filed a Schedule C with their tax return last year (over 24 million for the Tax Year 2024, according to IRS statistics!). But what exactly is a Schedule C? Below you’ll find answers to the internet’s most searched questions about this tax form.

Read on to learn what a Schedule C is and why so many hair stylists, nail technicians, tattoo artists, personal trainers, fitness instructors, coaches, counselors, therapists, consultants and other small business operators will file them next year!

With Q2 behind us and half of summer still to go, annual business taxes are probably the last thing on your mind! But I’d argue that a little bit of relaxed preparation now is worth the stressful days you could yourself save after year-end.

Here are the three most common questions that tax accountants may ask their business clients at tax time. And here’s how to get the answers ready now!

Once all goods and services have been delivered to a client, it’s time to collect your revenue! But how do you know if you are receiving that cash efficiently? Are your clients paying faster (or slower) than average? What can you do to speed up payments without damaging client relationships?

Answers to these questions will be explored in this and upcoming installments of Nebula Bookkeeping’s limited blog post series about payability.

After the thrill of winning the client, completing the work, and sending the deliverables, you might be tempted to say that invoicing clients is a boring administrative step. But what could be more exciting than collecting the money that will fund your business?

Here are the four main elements of any invoice.

What are the best payment terms to include on an invoice?

When selecting standard payment terms for your business, go for the option that will optimize cash flow while maintaining good client relationships. Here are four common payment terms to consider.

I think the deep human urge to customize is second only to the need to take online quizzes. Please tell me what my ideal perfume is based on my favorite color! So what a delight it was to grow up and become an accountant and discover that I can customize everything: spreadsheets, financial models, and invoices. Here are some of my favorite items to customize within an invoice: some cosmetic and some functional.

Updating your Chart of Accounts (COA) might seem like a big task, but it doesn’t have to be stressful. In this post, we’ll explore three different approaches to revamping your COA, so you can choose the one that best suits your business needs and current capacity.

When setting up a Chart of Accounts (COA) for your small business, you might not choose to activate account numbers. After all, it’s the categories like income, expenses, and assets that seem most important, right?

Well, yes, but the numbers make life so much easier!

If you’re running a small business, you’ve probably heard the term “Chart of Accounts” (COA) tossed around by your accountant or seen it in a financial software like QuickBooks Online. But what exactly is it, and why should you care?