The Profitjets Blog
Finance Writing for People Running the Business
Practical articles on bookkeeping, accounting, tax, payroll and financial strategy, written for founders and operators rather than for other accountants.
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What is Bookkeeping: A Step-by-Step Guide
What bookkeeping covers, how it differs from accounting, and the five-step process behind a clean set of books.
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Filing Business Taxes for an LLC for the First Time: A Comprehensive Guide
Closing the books first, then the classification, then the deadlines.
Finance vs Accounting: Key Differences Explained
Where the two functions differ in focus, timeframe and what they are asked to deliver.
Form 1065 Schedule B: Other Information for Partnerships
Overview of Schedule B Questions, Line-by-Line Key Questions, and Common Errors on Schedule B.
Form 1065 Schedule L: Balance Sheet per Books for Partnerships
Who Must Complete Schedule L, Structure of Schedule L, and Tax Basis Capital vs Book Capital.
Form 1065 Schedule M-3: Net Income (Loss) Reconciliation for Large Partnerships
Who Must File Schedule M-3, Three Parts of Schedule M-3, and Penalties for Non-Filing.
Form 1099-R: Reporting Retirement Plan Distributions and Passive Income
Who Issues Form 1099-R, Key Boxes on Form 1099-R, and Distribution Codes (Box 7), The Most Important Box.
Form 1099: All You Need to Know About Filing
The variants, who gets one, and what to collect before you pay.
Form 1099: Filing Mistakes and How to Correct Them
The two error types, how to correct each, and how to avoid both.
Form 1120 Download and Filing Guide: Where to Get the C-Corporation Return
Where to Download Form 1120, Key Sections of the Blank Form, and Required Attachments.
Form 1120 Due Dates, Extensions, and Penalties: Complete 2026 Guide
Filing Deadlines, Automatic 6-Month Extension (Form 7004), and Estimated Tax Payments (Form 1120-W).
Form 1120 Schedule C: Dividends, Inclusions, and the Dividends-Received Deduction
What Is Schedule C on Form 1120, What Is the Dividends-Received Deduction (DRD), and The Taxable Income Limitation.
Form 1120 vs Form 1120-S: C-Corp vs S-Corp Tax Filing Comparison
Side-by-Side Comparison, When C-Corp Makes More Sense, and When S-Corp Makes More Sense.
Form 1120-F Filing Requirements: When Foreign Corporations Must File
Who Must File Form 1120-F, ECI vs. FDAP Income, The Core Distinction, and Treaty Elections and Benefits.
Form 1120-S: S-Corporation Tax Return, Complete Filing Guide
S-Corporation Eligibility Requirements, Filing Deadline, and Schedule K: Income, Deductions, Credits Allocated to.
Form 1120: The Complete C-Corporation Tax Guide
Double Taxation, The C-Corp Trade-Off, The 21% Corporate Tax Rate, and Dividends Received Deduction (DRD).
Form 5329: How to Avoid Retirement Account Tax Penalties
When Do You Need Form 5329, The 10% Early Distribution Penalty, and Key Exceptions to the 10% Penalty.
Form 8615: Tax for Children's Unearned Income (Kiddie Tax)
When it applies, where the income comes from, and the election's cost.
Form 8962: Premium Tax Credit, Step-by-Step Instructions
Who Must File Form 8962, Income Eligibility: The Federal Poverty Level Test, and Step-by-Step: Completing Form 8962.
Form 941 Schedule B: Daily Tax Liability for Semi-Weekly Depositors
Who Must Attach Schedule B, Semi-Weekly Deposit Schedule, and How Schedule B Works.
Form 941: The Employer's Quarterly Federal Tax Return, Complete 2026 Guide
What Is Form 941, Who Must File Form 941, and Form 941 Filing Deadlines (2026).
Form W-9 2026: How to Fill It Out Correctly
What Is Form W-9, Who Provides a W-9, and Line-by-Line Completion Guide.
Fractional CFO Services: What They Do, What They Cost, and Who Needs Them
What a Fractional CFO Does, Engagement Models, and What Fractional CFO Services Cost.
Fractional CFO: Everything You Need To Know
What a fractional CFO does, what it costs, and the point at which it pays for itself.
Franchise Tax Requirements: Essential Guide for Small Businesses
Which states charge it, how it is calculated, and when it is due.
What we write about
Eight topics we come back to
Pick a topic and the library above filters to it.
Bookkeeping
Clean books, reconciliations, chart of accounts and month-end close.
Accounting
Close process, financial statements, cash against accrual, and reporting that gets used.
Tax
Preparation, planning, entity choice, deductions, quarterly estimates and the IRS forms behind them.
CFO
Forecasting, cash flow, fundraising readiness and the executive roles founders confuse.
Payroll
Withholding, payroll taxes, W-2s and 1099s, and multi-state teams.
Metrics
The ratios and statements that tell you what is actually happening in the business.
Software
QuickBooks, Xero, NetSuite and the tools that feed them.
Business Finance
Entity formation, banking, budgeting, funding and getting the finances in order.
Would You Rather We Just Did It?
Reading about reconciliation is useful. Not having to do it is better.