For owners of pass-through enterprises, the Tax Cuts and Jobs Act (TCJA) of 2017 established the Qualified Business Income (QBI) deduction, which offers a sizable tax cut. Through this deduction, qualified business owners can lower their taxable income by up…
Accounting is the backbone of any business, providing the necessary information to make informed decisions, comply with legal requirements, and ensure financial health. Within the vast field of accounting, public accounting stands out due to its unique role and significance.…
The Certified Public Accountant (CPA) Exam is a crucial step in becoming a licensed CPA, but it can be a daunting challenge for many aspiring accountants. However, with the right tips and strategies, you can increase your chances of success…
Managing finances effectively is crucial for the success and sustainability of any small business. One of the fundamental aspects of financial management is the proper categorization of business expenses. Understanding how to categorize expenses for small businesses can significantly simplify…
Proficiency in Excel is an essential ability for accountants in the modern digital era. Excel’s advanced capabilities can completely change the way we handle financial data, even though many of us are familiar with its basics. This blog post will…
Understanding the exact expenses associated with bookkeeping services is essential for small business management, especially when every dollar counts. Various factors influence the costs that small businesses pay for bookkeeping services, from the complexity of financial operations to the number…
Loan reconciliations are essential for keeping correct records and guaranteeing loan agreements are followed in the field of small business financial management. It is important to know what are the common challenges in loan reconciliations to know how to overcome…
Factoring and receivables financing are essential financial tools used by businesses to manage cash flow and improve liquidity. They involve the process of selling accounts receivable (invoices) to a third party at a discount in exchange for immediate cash. This…
Anyone working in accounting, whether as a financial analyst, business owner, or accountant, needs to understand the subtleties of credit reports and ratings. These resources offer insightful information about the credibility and financial health of a person or organization. We’ll…
Building a strong financial foundation is crucial, and that includes establishing healthy business credit. But with different credit bureaus and scoring models, it can be confusing to know which scores matter most. Think of business credit scores as your company’s…