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A Balance Sheet gives you a financial snapshot of the company as of the specific date. It calculates how much the company worth (its...

Have you ever wondered why you should find a professional bookkeeper? As US Small Business Administration states, “half of all new small...

At the end of every month, it is time for you to reconcile your trust bank account. This lets you confirm that your transaction records...

With regards to dealing with your client’s trust accounts, it is critical that your law firm has the correct processes and practices...

On June 5, 202, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law. The PPPFA makes a handful of significant...

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?

An attorney client trust account, also known as an escrow account. These trust accounting rules are designed to maintain the integrity of...

Accounts Payable 101 Basically, Accounts Payable is the money your business owes. Your business needs lots of things to be in 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...

Due to Covid-19 crisis, the never-ending tax season now has postponed and extended its deadline to July 15. Taxpayers, it's nearly time...

What is Cash flow statement? Cash flow statement also referred to as Statement of Cash Flows is one of three main financial reports that...

New Sales and Use Tax Rates Operative July 1, 2020 The tax rate changes listed below apply only within the indicated city or county...