Introduction Unfortunately, bookkeeping is one of those areas that is considered to be mere administrative support rather than a key business driver. Accounting is the backbone of any business; it provides the foundation for any decision-making process, and planning...
Introduction Accounting is an essential component of any business organization since it is the foundation of all management. Accounting records are useful in ensuring compliance, decision making, and presenting a true and fair view of the company’s financial position....
According to certified financial planners, when Generation X and Millennials learn about income taxes, including any deductions and credits that may apply, it saves them thousands of dollars each year. If you are a Gen X or Millennial, whether you are embarking on...
Did you know over 19 million taxpayers submitted valid tax extensions for the 2022 tax season? According to the IRS, millions of Americans annually file federal income tax extensions. A tax extension is considered valid if filed before the original tax...
The Pitfalls of DIY Bookkeeping and Accounting Most business owners don’t enjoy bookkeeping or accounting. Yet they carry on because they have a do-it-yourself (DIY) attitude and think hiring an accountant is a luxury. After all, why not work a little later and do the...
How cash flows in and out of your business is a lynchpin for understanding business finance. There is a vast difference between making money and managing it. So often, entrepreneurs start a business because they love creating a new widget or offering a leading-edge...
Recent Comments