Speaking of the economy: According to the Treasury Department’s monthly statement, our government collected a record $1.305 trillion in individual income taxes through the first nine months of fisc…
These six tips can help you glean how healthy your business is.
Keeping accurate financial records is essential for small business success. Bookkeeping involves more than tracking the money coming in and out of the business. It also monitors who owes the business ...
One of the things that we strongly encourage people to do is look for ways to produce alternative income. There are many ways that you can generate extra income so that you are not counting solely ...
Living on a budget is still possible even without a steady paycheck.
Fellow freelancers know all too well that the transition to a new year is typically slower on the work front. While this largely depends on your line of work and the industry you’re in, you could e…
A companywide income statement may be sufficient for lenders or other outsiders to evaluate your company’s financial performance. But from management’s perspective, a “segmented” income statement can provide valuable insight into key performance drivers and possible improvement strategies.<br>How does it differ from a traditional income statement?<br>A conventional
LinkedinTwitterFacebookGoogle+EmailThe income approach to business valuation relies on estimating the future economic benefits that will accrue to the owners of the company. These future cash flows are either capitalized (capitalization of cash flow method) or discounted back to present value (discounted cash flow method) using a capitalization/discount rate that takes into consideration the risks inherent …
Does your business perform projects as part of its operations? If so, you’ll probably want to track the income and expenses associated with them. Projects can cost money to perform, but they can also generate money in the form of revenue. Fortunately, Quickbooks has a tracking feature that’s designed specifically for projects. It’s available in […]
I resolve every tax season to get a better handle on my paperwork--with mixed results. This year, I turned to three certified public accountants to find out what apps, software and strategies they use to keep track of everything.
Freelancers, agency owners and sole practitioners give their top 10 methods to ease your financial worries about variable income.
A healthy cash flow is critical is more critical than your contracting company's ability to complete projects. It is the lifeblood of any business.
What are the three biggest line item expenses on your income statement? If you're like most companies it's: taxes, materials and payroll. If you're in th...
You can simplify the process by creating the right accounts and items for your real estate or property management when using QuickBook
Maintaining good records increases the likelihood of business success.
Understanding the small business tax preparation process is important in order to avoid the tax mistakes that will cost your business money. Here are the most common business tax preparation mistakes to avoid according to the pros.
Living in an increasingly paperless world has its benefits, but when it comes to records retention, does it make a difference? Sure, digital recordkeeping on the cloud means more storage space, easy access, and less vulnerability to inadvertent destruction. But the questions of what to keep and for how long feel just as confusing as ever<br>Keep or Toss<br>Whether your files are physical or electronic…
What is an income statement, it is a financial statement that shows you the income and expenditures as well as profit and losses of your company,
There is a common myth related to tax accountants that only wealthy or a big-size business owner can hire them to manage their tax affairs. However, this is far from the truth. You don’t have to be…
What is operating income? Find out how to calculate operating income and how to use this indicator to improve your business's financial health.
Planning is a necessary part of financial health for everyone, but especially the freelancer or commission-based employee. You have more flexibility than traditional workers, but you also have different challenges brought about by the uncertainty of your income.