The truth is the meaning of the new tax reform is difficult to determine. Today and possibly for some time.
For small-business owners, putting a personal vehicle into service, and buying or leasing transportation, are all legitimate alternatives. Regardless of which direction you take, financial aspects, such as insurance or tax deductions, need deliberation with a qualified professional. This is a short list of essential considerations for you concerning your company vehicle.
People often confuse the roles of accountants and certified public accountants (CPAs). While they are much alike, many of the responsibilities and levels of authorities differ. All CPAs are accountants, but not all accountants are CPAs.
Financial documents can be intimidating, especially if you are not a trained accountant. Learning how to read your own balance sheet can protect you from mistakes made by your accountant or bookkeeper and help you bring in your projects under budget.
According to an article by Inc. magazine, 70% of companies close their doors within the first ten years of doing business. Here are five of the top reasons businesses fail and how you can prevent making the same mistakes.