article thumbnail

How to Improve Accounting for a Transportation Business: 4 Essential Cash Accounts

Anders CPA

The trucking industry is a backbone for economies worldwide, but trucking business owners know well that the accounting process and practices within the industry are…dicey, at best. Accounting software is exceptionally important for transportation businesses and owner-operators alike, but it’s not going to solve every problem.

article thumbnail

Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

GASB Statement No. 102, Certain Risk Disclosures, Update

Cherry Bekaert

The Governmental Accounting Standards Board (GASB) has issued Statement No. 102, Certain Risk Disclosures , to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints.

article thumbnail

Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

MyIRSRelief

Tax professionals, such as certified public accountants (CPAs), EAs enrolled agents and tax attorneys, can help you navigate the complex tax laws and negotiate with the IRS on your behalf. Depending on the amount of your tax debt and your ability to pay, the IRS may require you to set up automatic payments or provide a financial statement.

article thumbnail

Understanding the FAQs Related to Overhead Rate Audits for Growing A&E Firms

Cherry Bekaert

However, firms that are growing or are seeking growth by winning government contracts and working with State Departments of Transportation (DOTs) in particular may benefit from having an overhead rate audit performed. The firm should ensure that its financial statements are accurate and up to date.

audit 115
article thumbnail

Optimizing E-Commerce Accounting and The Crucial Role of Inventory Management

Basis 365

Efficiently managing inventory is crucial for maintaining accurate financial records and ensuring the smooth operation of the supply chain. Inventory management plays a significant role in eCommerce accounting, so let's review its impact on various aspects of the business.

article thumbnail

Professionals on the Move – Jan. 2024

CPA Practice

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 115