There are various tax deductions and incentives that businesses can take advantage of, that help them reduce their tax liabilities. Some of these tax incentives apply to team building activities that businesses and business managers employ with the main objective being an improvement of team’s morale that can lead to better productivity. On the face…
It’s common corporate courtesy to present your clients with gifts every now and then, such as on Christmas or New Years and so on. Buying gifts for your customers and business partners or associates comes with many benefits, such as maintaining goodwill and pleasant relationships, professional networking, or even just a plain thank you as…
NetSuite is a single, cloud-based platform that provides businesses with enterprise-grade tools to manage all their operations. The enterprise software company, NetSuite, known for having began the cloud revolution and shaking the status quo of the way business was done, started their own operations with ERP (enterprise resource planning) systems, but have, over the past…
It’s easier to set up a business and even run it to achieve business goals, but there’s a lot more to running a business than just producing and selling goods and/or services. One of the many overwhelming things that can bog a business’ operations down, is the several types of tax forms that are required…
Tax season can be a disorienting time for many, where you feel like you’re faced with an alphabet soup of forms and numbers. If you’ve heard whispers of K-2 and K-3 tax forms and are wondering what they’re all about, you’ve come to the right place. In this blog, we’ll explain these forms and clarify…
Construction business owners often wonder about the key responsibilities of their controller or full charge bookkeeper. They understand the basics, such as creating income statements, handling bills, managing payroll, and overseeing various accounting tasks. But what more should they expect? Beyond the routine financial tasks, business owners seek added value from their accounting team. They…
What is Salvage Value? Salvage value is the remaining book value of something valuable (like a machine or equipment) after it has gone through wear and tear, based on what a company thinks it can get when it sells or exchanges that thing at the end of its useful life. So, when a company figures…
No matter what they do, small businesses will always require help with their financial records. If you’re considering becoming a bookkeeper, our guide can help you with personal bookkeeping services in 2023. We’ll guide you through everything, from the legal aspects of setting up a new business to how to price your services and promote…
Managing your business finances involves various aspects. You must handle bill payments, clear debts, and ensure timely employee payment. There are instances where you may need to write or receive a check for transactions. However, dealing with physical checks poses a challenge – keeping track of their whereabouts. They can easily be misplaced or accidentally…
How can you see a snapshot of your business’ financial situation at any time? You can use a document called a balance sheet. This special report tells you about the things your business owns and what it owes to others, as well as how much value your business has for its owners. One key thing…
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