The Importance Of Professional Accountants

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Changes You Need To Make Between Bookkeeping And Tax Prep Numbers

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If you use the accrual method of accounting, the way you account for your business records varies from the accounting you need to embrace when you file your tax return. There are several different elements that need to be changed. Here are some of the accounts that need to be reviewed at tax time.  1. Revenue With accrual accounting, you count revenue as it’s earned rather than as it’s received. As a result, your revenue number may contain a lot of sales from clients who haven’t paid their bills. Read More»

When Does Your Small Business Need CPA Services?

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Is your business expanding rapidly and it is becoming hard to keep track of the finances? This challenge is common in small businesses that grow fast without corresponding growth in human resources. Many small business owners overlook or can’t afford to hire a full-time accountant. But a CPA-qualified accountant is crucial in ensuring sound financial management practices. They also help the business navigate various legal and financial requirements to avoid trouble. Read More»