Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

Managing finances in your business may feel like an overwhelming task at times. Still, it is crucial to keep up with financial reports to ensure the success and longevity of your business.

Annual reports provide detailed financial data and company insights, guiding investment decisions. They include qualitative analysis from management, offering clues on strategic directions and risks.

There's a ton of paperwork that goes into maintaining your small business — and failure to file something important can result in penalties. One such piece of documentation that businesses should file ...