For freelancers who can run their enterprises as sole proprietorships, a CPA can prepare tax returns for both individuals and small businesses. As a freelancer, often single-person teams, your time... read more →
A second reason that investors focus on retained earnings is that this is money that could be used for future capital expenses. If the company does not have enough liquidity,... read more →
It compares the inflow and outflow of funds as documented in two comparative balance sheets. Forecasting is the act of predicting how financial situations will shape the future. Trend analysis... read more →
A business run as a Sole Proprietorship or a single-member Limited Liability Company (LLC), gross receipts go on Schedule C of your IRS Form 1040. Keeping track of the money... read more →
For many companies driven by real estate, maximizing operating income and asset values are ongoing concerns. To help address them, we've staffed our Real Estate Practice with individuals from a... read more →
Advance payments can assist producers who do not have enough capital to buy the materials to fulfill a large order, as they can use part of the money to pay... read more →
And a big part of that is understanding the differences between current and non-current assets, the roles they play in your business, and how to manage them. Property, plant, and... read more →
Just make sure you choose one with experience in the unique challenges of hospitality accounting. Hotels usually need to perform nightly audits to ensure the accuracy of their complex financial... read more →
So keeping this account accurate and always up-to-date is vital for when you need to meet tax reporting requirements. Ignore this and don’t be surprised if you land in hot... read more →