IRS, the domain of the tax world, have been on high alert for any suspicious losses claimed by partners and members of LLCs. But don’t worry, just make sure you understand the IRS regulations, and you’ll be good to go… unless you want to be audited, then you’re on your own! Time to brush up […]
Don’t let the big, bad world of managerial accounting scare you! It may look complex, but it’s a secret weapon for smart business owners to maximize their money moves. Let’s dive into the fun world of bean-counting and discover its perks, pitfalls, and pro-tips for success. Introduction Let’s start with a definition. Managerial accounting is […]
Gathering tax paperwork and records is a daunting task for many taxpayers. Every year, taxpayers struggle to keep track of all the necessary documents, invoices, and statements needed to accurately file their taxes. However, the effort is certainly worth the effort in maximizing deductions.. Gathering these documents can help taxpayers avoid missing a deduction or […]
We all know the feeling. You’ve been struggling to stay on top of your bookkeeping, but somehow the task of cleaning it up has been pushed to the side. You know it needs to be done, but it’s a daunting task that you’d rather avoid. We know bookkeeping cleanup is a nasty chore, but it […]
It has been widely acknowledged that one of the most significant obstacles to financial success and security is the lack of access to retirement plans. To address this issue, the government has recently announced they would be expanding tax tax credits for small and mid-size employers who offer retirement plans to their employees. In this […]
As a business owner, you know that making a profit is crucial to the success of your company. But do you ever stop to think about the true cost of your products or services? Enter cost accounting – the often overlooked but oh-so-important aspect of running a business. Cost Accounting: The Basics Let’s start with […]