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...
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....
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...
What Are The Taxes For Small Businesses In The US?
There is nothing more consistent in our lives than taxes, and this rule also applies to small businesses. As a small business owner, you need to know which taxes for small businesses apply to you. This knowledge will protect you against getting into trouble with 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...
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 the Rich Keep Their Wealth After Death
Many of us spend most of your lives working to accumulate wealth. However, no amount of success can prevent something as inevitable as death. Hence, many of us ask ourselves, “What’s the point of getting richer, if we’re all going to die in the end?” This is where...