Spending The Holidays As An Accountant
Being an accountant is one of the most hectic jobs around the world. We process thousands, if not millions of transactions, every day to the point that we no longer remember what rest feels. That being said, the holidays are still a chance for us to slow down and put...
What Are The Services Of Accounting Firms?
For most business owners, the financial management of their businesses is the most challenging part of their job. It often requires in-depth technical knowledge to be done correctly. Most of the time, this knowledge can only be acquired through years of experience or...
6 Best Ways On How To Prepare For Retirement
If life is a race, retirement would be the retirement of the final lap of our lives. You have to give all your best to make sure that your last lap would be your best one during the whole race. To prepare for your retirement, you have to start early, invest in the...
Rental Real Estate Businesses Now Eligible For QBI Deductions
Rental real estate businesses may as well start singing holiday carols as Christmas has come early for their industry. IRS’s recent proclamation (Rev. Proc. 2019-38) has loosened tax regulations on rental real estate businesses with regards to Qualified Business...
Auditing Vs Accounting: “What’s The Difference?”
Auditing and accounting are two of the most common terms in the finance world. Unfortunately, plenty of people still confuse these two services. In fact, even Hollywood isn’t safe from this confusion. For example, in the movie “The Accountant,” Chris Wolff, Ben...
Comprehensive Business Audits For Small Businesses
A business audit decides the reliability of your business records. It can affect how your investors perceive your company. For example, a negative audit review can tell your stockholders that they cannot trust you in handling your finances. Seattle Bookkeeper Other...
New Measures In Dealing With Casualty Losses
Small businesses, in one way or another, experience some losses during their existence. One of the most common kinds of these losses is casualty loss. Casualty losses are a negative movement in the value of a company due to unexpected, unusual, and sudden events....
Updates On The Accounting For Leases Shakes The Industry
Accounting standards are the DNA of every financial statement of every business in the US. Hence, just like DNA, a single change can affect the growth of the whole entity. For leasing standards, unfortunately, these changes are coming to light slower than expected....
Employment and Careers in the Field of Accountancy
Accounting has always been one of those careers with dismal retention rates. The stress attributed to the job often results in accountants and CPAs shifting around different career paths until they find the one that suits them best. Unfortunately, a pattern of...