IRS Announces Good News For Savers
The Internal Revenue Service has announced an increase in the amount of money you can to contribute to your retirement accounts for 2019....
The Three Types of Audits that Businesses and Not-For-Profit's should do.
Today's joke: What do you call an accountant who is seen talking to someone? Popular We are going to discuss three types of auditing. ...
Gain Contingency
The accounting for gain contingency is a potential or pending development thay may result in a future gain to the company. For example,...
Why is bookkeeping so crucial?
Many small business owners bootstrap their businesses. A small business owner does not realize how not keeping a good record of their...
A guide to treat contingent liability
As a business owner, you may have an adverse outcome in a tax court decision that will have an impact on your business. This event is...
Why Gross Margin is an important metric?
We are looking at the word gross margin. Gross margin is a company’s total revenue minus by the COGS (cost of goods sold), divide by the...
New United States Tax Law (Part 3)
This note is our final piece on the New United States Tax Law. Alternative Minimum Tax – The Exempt Income Thresholds are Increased From...
New United States Tax Law (Part 2)
We are continuing our discussion of the new United States Tax Law as it applies to individuals. You can view our last week’s post here:...
New United States Tax Law (Part 1)
In the next few posts, we would like to provide a brief overview of the new United States Tax Bill. Here are some of the basics for...
Is your business solvent?
As a business owner, one of your greatest concerns that you face is whether or not your business is going to survive. Many businesses...