Self-Employment Taxes for First Quarter 2019

There are few things more rewarding and satisfying than being your own boss. As an entrepreneur you are able to shape your future in ways that are not possible while in the employment of others. However, there are milestones that must be adhered to. One of these is attending to the self-employment taxes for the [...]

By |2019-01-25T03:20:58+00:00January 15th, 2019|Blog, Corporate Taxes, Finances, News, Personal Taxes, Quickbooks|0 Comments

What the “GAAP” Does

If a company releases its financial statements to the public, it is required to follow Generally Accepted Accounting Principles, called GAAP, in the preparation of those statements. “GAAP” consists of three important sets of rules: Basic accounting principles and guidelines. Detailed rules and standards issued by the Financial Accounting Standards Board (FASB) and its predecessor [...]

By |2018-03-15T15:04:48+00:00January 29th, 2017|Blog, News|0 Comments

Bridging the GAAP

Financial reporting means balance sheets, profit and loss statements, financial notes, and disclosures, and it has its own language.  It’s the language used to communicate information about the financial condition of a company, be it a not-for-profit business, a state or local government, the guidelines are found in the GAAP: the Generally Accepted Accounting Principles [...]

By |2017-01-24T14:17:37+00:00January 18th, 2017|Blog, News|0 Comments

Basic Principles of Accounting

These basic principles form the basis which modern accounting is based. The best-known of these principles are as follows: The Accrual Principle: The concept that accounting transactions should be recorded in the periods when they actually occur; Ignoring this principle would cause delays in payments. […]

By |2018-03-15T15:13:50+00:00January 14th, 2017|Blog, News|0 Comments
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