Accounting

Rental income tax is applicable to you if you are renting a residential property (such as a house or flat) or a commercial properly (like office space or a warehouse). You are even subject to tax on rental income if you rent a part of your own property to another […]

GAAP, or Generally Accepted Accounting Principles, are the accounting rules that are used to present financial statements for public or private companies, non-profit organizations, and government authorities in the United States. IFRS, or International Financial Reporting Standards, are designed so that companies all over the world can compare financial statements […]

Being a small business owner brings with it a whole host of challenges. Not only are you concerned with taking care of your client’s needs, getting paid and paying your vendors. You also have to be concerned with staying compliant with federal and state laws as well as local guidelines. […]

Technology has allowed businesses to operate in a more efficient manner. Computers have allowed faster and easier data management and storage, making the process more convenient compared when it was done manually decades ago. In addition, using a business management software allows an industry to commit less errors, gather accurate […]

The 20th century enterprise does not manage business reality! Business reality is defined by two entities: – Results: The specific economic outputs from the totality of the business – Performance Solutions: The invested capital specifically utilized to produce specific results The enterprise must organize and manage results and performance solutions […]

Non Profit Organizations have some unique situations when addressing payroll and payroll taxes for their employees. Here we are addressing here many of the common payroll situations for Non Profit Payrolls. Non Profit Payroll: Employee Records There are many state and federal laws and regulations concerning employee records that can […]

Personal liability insurance, also referred to as personal umbrella insurance, is another product we use to keep our assets in tact. Since we live in a litigious society, we believe that it’s a good strategy to have an insurance policy that can withstand a financial blunder caused by a lawsuit. […]

The 2020 Form W-4 was released earlier this month with just weeks left in the year. As the year winds down, are you prepared to handle the new Form W-4 in 2020? If you are scrambling to figure out how this will affect you in the new year, below is […]