For example, let’s say the assessed real estate tax value for your property is $100,000. The assessed value of the house is $75,000, and the value of the land is…
If you don’t consider the residual value of your assets, their life span, and the cost of replacing them, your company may struggle when their useful life expires. But if…
Legal requirements dictating the structure of an LLC are more lax than upkeep requirements for S corporations. Pursuing one, both, or neither classification could benefit your business differently. Consider your…
Cash accounting, while may seem easy, gives room to inconsistencies since it makes it hard to measure profitability, as already discussed. Since it demands a thorough and well-organized bookkeeping system,…
Also, the utmost care and due diligence is the way to go for both a bookkeeper as well as an auditor. The Bookkeeper works for the organization, while an auditor…
The interest accumulated on a principal over a period of time is also added to the principal and becomes the new principal amount for the next time period. Again, the…
Starting a print-on-demand (POD) business taps into the zeitgeist of entrepreneurship, combining creativity with technology to cater to niche markets. Imagine merging your original designs with an eager online audience,…
Xero’s online accounting software is designed to make life easier for small businesses – anywhere, any time. Would you rather tackle accounting yourself instead of outsourcing it to a third…