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Most small business owners don’t know what goes into a statement of cash flows—or how to read one, for that matter. It’s important to get ahead of the curve and get familiar with cash flow statements, since 30% of small business failures can be traced back to cash flow struggles (yikes!).

Arguably one of the most critical sections of a business plan is the executive summary—and it’s also one of the most difficult to write.

Did you recently acquire (or plan to form) a new subsidiary company? Are you scouring the Internet for information on accounting and bookkeeping best practices for your company structure? Well, you’ve come to the right place, because this blog has subsidiary accounting info galore.

In our experience, most self-employed folks are comfortable doing the work – but managing the technical aspects of a business (ie, paying business income taxes) comes less naturally. If this is you, we’ve put together this quick-start guide to give you the answers to some of our most commonly asked tax questions, and share tips to help you maximize your savings when tax season rolls around. 

Mike Michalowicz’s book Profit First looks at how a new formula can deliver sustainable small business growth. Find out what it is and how to implement with these tips.

Year end is a stressful time for freelancers and small business owners. But did you know it’s also the best time to take control of your business and influence its growth? We’ve got four steps you can follow to overcome year-end stress and get empowered.

Cases of malicious chargebacks are increasing. Learn how to protect your small business.

Your business plan cover page is one of the most important sections of your business plan. Find out what the purpose of your cover page is, which elements you need to include, and how to structure it to maximize your impact.

Entrepreneurs use business plans to guide them when starting or revamping a venture. And here are more reasons to create your own roadmap.

Cash flow is a complex concept that stumps many small business owners. That’s why we built this guide—to help you curb common cash flow missteps.

Separating your business and personal accounts can unlock a whole new world of tax benefits for your small business.

Service-based small business owners have historically struggled with getting paid on time. We analyzed anonymous payment data from Wave customers to uncover ways that SMBs can battle unpaid and overdue invoices.

Last year, our People & Culture team conducted our annual anonymous survey on diversity and inclusion to help us understand where we’re doing well, and where we can still make things better. Here’s what we found.

Although filing your taxes might not be top of mind right now, we’ve looked into the top reasons why filing your taxes now can benefit you, your business, and others.

How do you handle going from a business of one to a team of two or more? We’ve put together some advice on where to focus as you take on the role of employer.

Before you start a business or launch a new product or service, a break-even analysis can help you understand if and when you can expect to turn a profit.

Independent contractors are a big help to small businesses. Here's some info on the 1099-NEC form you may need to file if you've hired them.

From new payroll assistance to extended loan repayment, here are the key highlights from the latest economic relief legislation.

Whether you want to overhaul your project management process, streamline team communication, or take charge of your accounting, there’s a tool out there that can help.

Bookkeeping and taxes are not fun tasks. Thankfully, small steps like categorizing your transactions in Wave can make things much easier down the road.

Struggling to pay off your business debt? Following these five tips can help you get your business out of the red and get it back on track.

On August 8, 2020, President Trump signed an Executive Order Deferring Employee FICA Taxes. We’ve put together a guide clarifying what the order means and who it applies to.

We built a glossary of small business banking terms to help you get started running your business bank account and ensure you're choosing the right one.

As a freelancer or small business owner, listening to your clients feedback is key in establishing relationships and helping you grow your business.

Wave's Chief People Officer, Ashira Gobrin, shares the thinking that went into reopening Wave's office safely and gives tips on how other offices can follow suit.

A slow sales season doesn’t mean you should simply wait for things to pick up. Here’s how to use downtime to grow your business in other ways.

Passive income strategies can offer businesses a low-maintenance way to increase cash flow without adding to their workload.

Everything you need to know about the full or partial loan forgiveness the PPPFA is offering to eligible small businesses.

Paying out-of-state employees? Here are some tips to help cut down on confusion and ensure you stay compliant.

Once your taxes are completed, what's the best way to file them? Both the CRA and IRS websites are notoriously hard to navigate so we've simplified the journey for you.