Getting an audit notice from the IRS is one of the most stressful situations a taxpayer can face. Whether you’re an individual or a business owner, an IRS audit can feel overwhelming and intrusive. Unfortunately, many people make the mistake of trying to handle the audit themselves — often leading to larger tax bills and [...]
Achieving personal financial freedom is not an overnight process, but with the right guidance and a comprehensive strategy, it is entirely within your reach. At ORT Consulting, we understand that building personal wealth requires more than just saving money—it takes hard work, dedication, and smart planning. With our personalized financial services, we are here to [...]
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 [...]
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. […]
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 [...]
The cash flow is the lifeblood of any business; it gives business owners the means to buy the goods they sell and pay their employees. For many small businesses, uncertain cash flow can hold them back from reaching their full growth potential. One of the most common culprits of poor cash flow is late-paying customers. [...]
without a reliable process for tracking and collecting payments will eventually find it difficult to turn their revenues and profits into cash flow. One in four businesses fail because of interruptions to cash flow. Don’t allow yourself to be included in the statistics of failed businesses by following these simple tips: […]
Keeping your business finances in order is crucial because it can help you project your business’ growth, determine how your earnings and expenses stack up, and make informed decisions. Managing finances, however, can be difficult at times particularly for business owners who want to do everything alone. To make finance management and accounting more manageable, [...]
Money is a great motivator, which is why financial reports exist. Financial reports must contain truthful and unbiased information, and accountants must create unbiased and accurate financial reports for those who deal with finance in the various sectors of society. Accounting is the legal and moral method to create accurate and honest decisions that will [...]
