DIFFERENCES BETWEEN THE BALANCE SHEET AND THE INCOME STATEMENT
The balance sheet and income statement are two of three primary financial statements every business should run and review monthly. One question I often get
IT IS THAT TIME OF THE YEAR, AGAIN!
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
SEVEN IMPORTANT ACCOUNTING KEY PERFORMANCE INDICATORS (KPIs) AND WHAT THEY MEASURE
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,
UNDERSTANDING THE CASH FLOW STATEMENT
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
WHEN SHOULD YOU MOVE YOUR TAX ELECTION FROM SOLE OR PARTNERSHIP TO AN S-CORP?
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
TAX DEDUCTIONS VERSUS TAX CREDITS
Tax deductions and tax credits are two confusing tax terms that sound the same but affect a business’s tax return differently. While both are deductions
