The coronavirus pandemic (“COVID-19”) moved the deadline for filing your federal tax return to July 15 and many states, including Louisiana, matched that deadline for filing state returns. But tax returns are being filed at a slower rate than previous...
Here’s the tough news. Among the top reasons for today’s business failures are misunderstanding and mismanaging resources, and having insufficient cash. Enter the balance sheet. What’s a Balance Sheet? A Balance Sheet is one of three critical...
If you started a new business in 2016, then April of 2017 is a first big milestone for your company. That’s the month when your first reported tax documentation is due to the IRS. Depending on your business type, you may be responsible for not only the business’...
One of the most difficult balances to maintain in any business, but particularly small business, is the constant tug of war that happens between cash in and cash out. The nuances of how to keep enough cash on hand to pay expenses and cover the ebb and flow of sales...
Even with the information and technological age upon us, it is still critical for small businesses to keep a well-organized set of physical records. Often one of the first questions business owners ask when meeting with an accountant is about recordkeeping and the...
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