LyfeAccounting

OCTOBER 28, 2020

As a CPA that studies and practices accounting, I know that accounting isn’t the most exciting thing in the world. However, eventually, you will be faced with the reality of accounting. In this post, I’m going to simplify the accounting basics for small business owners. What is Accounting?

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accounting basics CPA Account accountant 52

SkagitCountyTaxServices

MARCH 12, 2022

For my missive today, I thought I might reorient your focus around the most important components of your business’s financial fortress – your banking partner and your business bank account. In your financial corner, Steve Padgett (360) 424-1040 Padgett & Padgett, PLLC CPA. Let’s talk about it. We’re here when you’re ready.

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accounting basics Account accountant accounted 71

Snyder

JUNE 27, 2022

If you’re training to become a certified public accountant or you already work as a CPA, the accounts are part of your CPE training and you probably know everything there is to know about them. But if you’re a business owner trying to make sense of your finances, it’s good to master the basics.

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accounting basics Account accountant accounted 98

Snyder

NOVEMBER 17, 2022

Our favorite articles: IRS seeks comments on several green energy tax credits and Q&A: The 2 most prevalent cyberthreats for CPA firms. Why we love this blog: We wouldn’t be honest when speaking about accounting blogs that we love if we left our own blog unmentioned here. Insightful Accountant. Accountancy blog for CPAs.

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SkagitCountyTaxServices

JANUARY 18, 2024

The IRS recently gave the green light for PLESAs (pension-linked emergency savings accounts). Basically, these are individual accounts in defined contribution plans and are designed to encourage employees to save for financial emergencies. Thanks to the Secure Act 2.0,

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Snyder

JUNE 20, 2022

You can choose how to deal with your small business accounting, several options are available: Employ a full-time specialist to cover your bookkeeping and accounting needs; Outsource accounting to an independent CPA or an accounting firm. So let’s proceed to small business accounting basics.

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accounting basics general ledger Account accountant 52

xendoo

OCTOBER 18, 2021

Cash Basis Accounting. Cash basis accounting is the simpler of the two methods. In this method, you add an accounting entry every time money enters or leaves your bank account. Basically, you’ll be keeping a record of all your transactions, and this record will largely mirror your sales records and bank accounts.

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