What Financial Reports Should A Small Business Owner Ask From Their Accountant?
As a small business owner, your financial reports will show you the performance and current standing of your company. Hence, you must request from your accountant some reports that you believe are essential. These reports should be able to help you guide and monitor...
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...
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....
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...
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...
How Accounting Applies To Your Family As A Parent
Whenever people talk about accounting, the first thing that comes to their minds is business. People often associate accounting with organizations and rarely with their daily lives. It, however, encompasses almost everything we do. For example, deciding how many...
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...
The Role Of Accountants In Data Privacy
When talking about data privacy, the first thing that pops into our minds is businesses protecting their secrets. Younger people, on the other hand, think about the issues social media platforms currently face. However, did you know that data privacy plays a...
Digital Assets in A Physical World
The rapid growth of technology is moving finances from being a physical commodity to digital. In fact, according to research, digital assets across the globe have a value of US$120 billion last February 2019. 53% of that amount is under the popular cryptocurrency,...