Bookkeeping

If you lack clear balance sheets and P&L statements, it may take longer to file your business taxes. Good accounting habits can make the tax process easier and faster—while also optimizing your tax deductions. It’s essential to maintain an organized record of your real estate business transactions, contracts, and other related documents. This includes documents […]

Knowing your debt-to-asset ratio can be particularly helpful when preparing financial projections, regardless of the type of accounting your business currently uses. Calculating your business’s debt-to-asset ratio can provide interested parties with the numbers they need to make a decision on investing in or loaning funds to your company. It indicates how much debt is

A current asset whose ending balance should report the cost of a merchandiser’s products awaiting to be sold. The inventory of a manufacturer should report the cost of its raw materials, work-in-process, and finished goods. The cost of inventory should include all costs necessary to acquire the items and to get them ready for sale.

If you’re calculating your own depreciation, you may want to do something similar, and include it as a note on your balance sheet. (You can multiply it by 100 to see it as a percentage.) This is also called the straight line depreciation rate—the percentage of an asset you depreciate each year if you use

We’ll take you beyond the numbers with deep analysis and strategic guidance that enables you to make sound, smart business decisions. Avoid payroll filing issues and day-to-day processing by handing complex payroll work over to us. Use the form below to contact me or to set up your initial consultation. Team With The Partner Whose

Bylaws govern the operation of your organization, and they’ll also be submitted to the IRS as part of your application for 501(c)(3) status. It’s best to get help from a nonprofit attorney before finalizing your bylaws to make sure they contain all necessary provisions and are written ideally for the best interests of your nonprofit.