Here are two business truths: (1) Every business needs to manage cash, pay its employees, keep its financial records, pay its bills and process its taxes; and (2) Every business needs to have someone who will handle all the critical accounting functions. The...
For business owners in New Orleans and surrounding areas, understanding various financial statements is a critical part of running an effective and profitable business. From balance sheets to profit and loss statements, a business owner is tasked with making sense of...
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...
A new acronym and a law change. The Tax Cuts and Jobs Act (TCJA) was signed into federal law in 2017 and became effective January 1, 2018. The TCJA contained the most extensive federal tax law changes in more than 30 years in order to create important benefits for...
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