Dec 14, 2021 | Accounting, Business
The Power of Comparative Financial Statements Your business has a story to tell. And one of the ways to hear your business’s story is by reading through comparative financial statements. The importance of comparative financial statements An up-to-date balance sheet,...
Nov 10, 2021 | Accounting
IRS Backlog of Historical Proportions What you need to know if one of your tax return is stuck The IRS is coping with a backlog of historical proportions and it is impacting millions of taxpayers. According to IRS sources, as of July 31, there are still over 13...
Sep 28, 2021 | Accounting
Protect Your Valuables BEFORE Thieves Arrive If you are concerned about protecting your valuables, here are several suggestions to consider for protecting them from would-be thieves: Rent a safe deposit box. It may make sense to keep seldom worn jewelry, coins and...
Aug 1, 2021 | Accounting, Business, Taxes
Small Business IRS Audit Mistakes In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited by Uncle Sam. Mistake: Missing income. A long history of...