by Edwin del Carpio | Jul 13, 2020 | Accounting News, Tax Deductions, Tax Preparation
According to the US Bureau of Transportation Statistics, as of 2018, at least 3.1 million automobiles and trucks ply across the country for business purposes. This vast number shows the importance of these vehicles for businesses and the economy. It provides them with... by Edwin del Carpio | Jul 8, 2020 | Small Business, Accounting News, Tax Preparation
Benjamin Franklin once said, “There were only two things certain in life: death and taxes.” This quote has never been more valid than this 2020. This year has been a rough for everyone. From the richest to the poorest, COVID-19 has affected us all in more ways than... by Edwin del Carpio | Apr 19, 2020 | Accounting News, Tax Deductions, Tax Preparation
The current COVID-19 pandemic has shown the importance of sick leaves for employees and employers alike. It has also started debates on the viability of requiring employers to provide a set number of paid sick leaves annually. In this article, we will focus on the... by Edwin del Carpio | Dec 19, 2019 | Accounting Industry, Tax Preparation
For a lot of people, the idea of accounting is quite vague. Some of us fall for various misconceptions about accounting. One misconception is that it is a profession that only involves the use of math and numbers to balance books and do taxes. However, although... by Edwin del Carpio | Dec 19, 2019 | Small Business, Tax Preparation
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... by Edwin del Carpio | Dec 19, 2019 | Personal Finances, Tax Preparation
The Double and Single Entry Method Bookkeeping is one of the most important processes in the accounting cycle. It is also one of the most commonly availed accounting services. In layman’s term, it is the process in which the transactions, both income and expenses, of...