Accounting

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

Get Your Finances In Order for 2019

The end of 2018 is just around the corner. You may not want to think about next year so soon, but getting your finances in order will start off your New Year right. Here are some simple steps you can take now that will save you a lot of time later. […]

By |2018-12-18T05:05:22+00:00December 18th, 2018|Corporate Taxes, Finances, Personal Taxes|0 Comments

What to Look for in a CPA

Are you an entrepreneur? A small, mid-size or large business owner? No matter where you settle on the continuum of conducting business, you are likely going to need a certified public accountant. There are only so many hours in a day and tracking your company’s finances without the expertise and rigorous training of a professional [...]

By |2018-10-12T12:39:53+00:00August 22nd, 2018|Uncategorized|0 Comments

What The Fiscal Year-end Means For Your Business

The fiscal year-end is the conclusion of a 12-month accounting cycle. A fiscal year can be the same as a calendar year, from January to December, or it can begin and end at any time, based on the company’s needs. All public companies are required to publish financial statements at the end of their fiscal [...]

By |2018-06-22T07:46:00+00:00June 22nd, 2018|Blog|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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