Published July 20, 2023 – In our last post, we defined what a home business looks like and the criteria to file as such during taxes. We also looked at the difference between a brick-and-mortar versus a home-based business. Lastly, we navigated common types of home-based businesses and tax policies for different legal filings. Looking […]
Published July 20, 2023 – If you are running a business, you probably have heard about a “Chart of Accounts” at some point. It is a fundamental aspect of accounting and plays a pivotal role in organizing financial information systematically. In this article, we will delve into the concept of the chart of accounts, its […]
Published July 19, 2023 – Have you ever wondered what sets financially successful individuals and businesses apart from the rest? It’s their ability to grasp the true essence of assets and how they harness these powerful tools to build and grow their wealth. Introduction Whether you’re embarking on an exciting journey as an aspiring investor, […]
Published July 19, 2023 – Running a small business requires juggling various financial aspects, and one of the crucial elements in small business accounting is liabilities. Understanding liabilities and their management is vital for the financial health and success of any small business. In this article, we will delve into the concept of liabilities in […]
Published July 19, 2023 – Managing finances can be a challenging task, and seeking professional help is often a prudent choice. Financial advisors and Certified Public Accountants (CPAs) are two prominent experts who possess the knowledge and skills to guide individuals through the intricacies of personal finance and taxation. Introduction While there may be some […]
Published July 19, 2023 – In the world of roofing business ownership, financial management plays a crucial role in determining the success and sustainability of the company. Efficiently managing finances can lead to better decision-making, increased profitability, and a stronger financial foundation. In this article, we will delve into the essential aspects of financial management […]