Introduction Accounting is the language of business, and for any company, choosing the right accounting method is essential. Two primary methods for recording financial transactions are cash basis accounting and… Read More »Cash Basis vs. Accrual Basis Accounting: Understanding the Key Differences
As the leaves change colors and fall settles in, another important event is looming on the horizon for many taxpayers around the world: the October 2023 tax deadline. While most… Read More »Don’t Miss Out! The October 2023 Tax Deadline Is Approaching
In this blog post, we delve into the world of staff accountants, unraveling their responsibilities, skills, and the impact they have on businesses.
In the world of finance and accounting, understanding the financial health and performance of a company is crucial for investors, stakeholders, and decision-makers.
In the event of a bank failure, the FDIC will step in to protect depositors by insuring their deposits up to the limit.
It’s that time, April is coming up fast and many people start stressing. Let’s go back to the basics to better understand W-2’s so you don’t have to worry about the word, Deadline.
Form W-4 – Explained Form W-4, formally known as “Employee’s Withholding Certificate,” is a form created by the IRS that informs employers how much tax to withhold from each of… Read More »For the Employee – W-4 Forms Explained and Tips on Filling Them Out
As a business owner, you are likely familiar with the concept of depreciation. Depreciation is a tax-deductible expense that allows businesses to spread out the cost of purchasing and owning… Read More »What is Bonus Depreciation and Section 179 Depreciation?
For many business owners, managing accounting tasks can be a significant source of stress.
An S Corporation is a type of business structure that combines the benefits of a corporation and a partnership. S Corporations have become popular among small business owners due to the tax and liability advantages they offer. In this blog, we will explore the pros and cons of forming an S Corporation.