LAW FIRM: DO and DON’T of Trust Accounting
With regards to dealing with your client’s trust accounts, it is critical that your law firm has the correct processes and practices...
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Jun 21, 20202 min read
UPDATED NEWS on Paycheck Protection Program
On June 5, 202, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law. The PPPFA makes a handful of significant...
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Jun 21, 20202 min read
How to a make sure my books are “ready for Tax Return”?
Every tax season, it is moment of truth about whether the company book is ready to go. But how do we know that company's book is ready?
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Jun 16, 20202 min read
Trust accounting for law firm
An attorney client trust account, also known as an escrow account. These trust accounting rules are designed to maintain the integrity of...
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Jun 14, 20203 min read
HOW TO PREVENT YOUR PERSONAL MONEY HABITS FROM AFFECTING YOUR BUSINESS
We all have bad money habits. It’s the fact of the matter – we are just human. As business owners, unfortunately, we likely learn money...
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Jun 10, 20203 min read
Statement of Cash Flows - Definition and Detailed Explaination
What is Cash flow statement? Cash flow statement also referred to as Statement of Cash Flows is one of three main financial reports that...
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Jun 8, 20201 min read
California Sales Tax Increase - Irvine Newest Sales & Use Tax Rate
New Sales and Use Tax Rates Operative July 1, 2020 The tax rate changes listed below apply only within the indicated city or county...
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Jun 7, 20205 min read
Paycheck Protection Program (PPP Funds) – Which way to record properly in QuickBooks Software
Now, we hope that you have received PPP funds to support the business. It is time to think about what you should do after receiving the...
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Jun 7, 20204 min read
Paycheck Protection Program Loan – You got it and now what?
1. Review the Requirements of PPP Congratulation! You got PPP loan for your business. Before using, let’s review all the requirements to...
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Jun 1, 20203 min read
5 Rules of Writing Off Meals And Entertainment Costs
Many business owners believe that just because there is a line item on the tax return for meal deductions that just about any dinner or...
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Jun 1, 20203 min read
10 Bookkeeping Tips Can Be Used Year Round
Accounting can be tedious for any business, but if your small business doesn’t keep tight books it can make your taxes a nightmare....
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May 24, 20203 min read
Combine Bill.com and Quickbooks Online To Achieve Account Payable Victory
It’s no secret that accounts payable can be one of the biggest pain points in the corporate office. Not only is the A/P workflow fraught...
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