With the hustle and bustle of year-end, it is easy for small business owners to forget to take care of the necessary t-crossing and i-doting that come with year-end. Consider these often-forgotten year-end business reminders before you close out your fiscal year.. Year-end DonationsOne way that you can reduce your tax liability is by reducing …
Businesses use various factors to measure their performance; one group of factors is called Key Performance Indicators, or KPIs. Different businesses apply different KPIs; however, there are seven accounting-related KPIs that every business should add to their “must have” plate of KPIs. The seven crucial KPIs are; Current ratio, Quick / Cash ratio, Net Profit …
SEVEN IMPORTANT ACCOUNTING KEY PERFORMANCE INDICATORS (KPIs) AND WHAT THEY MEASURE Read More »
You may have heard it said that the financial statements tell the story of how a business is performing. That is true. The three primary financial statements accountants use to tell the financial health of a business are the balance sheet, the income statement (also known as the profit & loss statement), and the cash …
One of the most common questions CPAs get asked is, “When should I change my tax election from a sole, or partnership, LLC to an S-Corp?” The follow-up question is usually, “Why should I make the tax election move?” Let’s first explain the difference between an LLC and an S-Corp. An LLC or Limited Liability …
WHEN SHOULD YOU MOVE YOUR TAX ELECTION FROM SOLE OR PARTNERSHIP TO AN S-CORP? Read More »
At NaRfula Financial Solutions we pride ourselves in being the right company for our clients by providing customized services that help our clients successfully grow their businesses. We serve small businesses, in the; research, technology, engineering, legal, and chiropractic industries. We also welcome government contract projects.
