Financial records have different methods of being kept, and two of the most common approaches are accrual and cash basis accounting. According to a study of small business owners done by Clutch.co, more than half (67%) “of small businesses… use the accrual basis method.” Why are more companies using accrual accounting, and what advantages could […]
As one of the fastest growing markets today, the technology industry is quickly changing the world around. In such a fast paced environment, small and medium businesses involved with technology need to have a firm grasp of financial concepts to maintain stability. Organizations that provide clients with software as a service, cloud computing, security software […]
Business owners have been anxiously waiting for news updates for this year’s tax returns, and the Schedule K-2 and K-3 are no exception. This new development may come as good news to certain business owners filing as partnership and S-corporations. The change implements transition relief for those eligible, and according to the IRS, “[they] will […]
“Entrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. Cash flow matters most.” (Peter Drucker). Cash flow can help determine the difference between success and failure in start-ups. Business owners, especially those that are new to their respective industry or field need to know that proper cash flow […]
There are many factors to consider when choosing a CPA in Chandler, AZ and discovering which one is a good fit for you and your team. Whether you value clear communication, maintaining consistent points of contact or total confidentiality of business-related information, you want to find that perfect team that will align with your value […]
We are excited to announce that JTC CPAs was not only nominated as one of Idaho’s Best Employers for 2022, but that we came in the top 10 for best employers! Additionally, we were given another distinction as landing in the top 3 for Idaho’s Best employer for leaders category! We appreciate all of our […]