Accounting: What are AP and AR ?
On the balance sheet, accounts payable is a liability account. Liability is divided into short-term liability and long-term liability.
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Sep 20, 20204 min read
Top 5 Accounting Tips for Small Business
All businesses operate with money. That means if you cannot control the cash flow, you cannot control the business
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Sep 17, 20203 min read
The differences of Enrolled Agent vs. CPA
Both EAs and CPAs are granted unlimited representation rights to represent taxpayers before the IRS.
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Sep 16, 20202 min read
What is an Enrolled Agent?
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service
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Sep 13, 20203 min read
What is Outsourcing? Five Type of Outsourcing
Outsourcing is the way that some companies call for a third-party provider for service or product, rather than handling it in-house.
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Sep 8, 20203 min read
How to start a small business: How much money does it take?
For an idea to become a workable business project, you need to define where you should start?
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Sep 6, 20203 min read
The four basic accounting financial statements
Financial statements (financial statements) are a form of documents showing quarterly and annual business results of a company.
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Aug 23, 20203 min read
Missing your books a few months? Catch Up Bookkeeping Now!
As a small business owner, it’s understandable that you’re going to miss a few months of bookkeeping. Your books must be missing you....
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Aug 19, 20204 min read
Common risks in Construction Project Accounting
After a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...
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Aug 17, 20202 min read
Types of Tax-Deductible Meals and Entertainment
To be qualified for deduction, business meal and entertainment expenses must be directly associated with the active conduct of a trade or...
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Aug 3, 20202 min read
Keep Smart Records To Audit-Proof Tax Return
“Audit-proofing” your return means documenting deductions so that you can prove them if you’re audited. Today’s historically low audit...
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Aug 1, 20202 min read
IRS Tax Tips: How to troubleshoot after-tax-day issues
Tax deadline to file and pay federal income taxes deadline is now behind us. However, some taxpayers still facing certain problems after...
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