The Income Statement Breakdown
AccountingDepartment
JUNE 11, 2021
An income statement is a critical financial statement for reporting a business's financial performance. It can also be referred to as a revenue and expense statement.
AccountingDepartment
JUNE 11, 2021
An income statement is a critical financial statement for reporting a business's financial performance. It can also be referred to as a revenue and expense statement.
LyfeAccounting
JUNE 11, 2021
New IRS Unemployment Tax Refund Update. If you, or anyone you know, paid any taxes on unemployment last year, read on because we have some very important news for you. It is regarding 2020 tax refunds and those who paid taxes on their unemployment compensation last year. The IRS just recently announced that they will be issuing tax refunds to over 2.8 million taxpayers this week who paid taxes on unemployment compensation.
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CapataCPA
JUNE 11, 2021
Why Do So Many Businesses Use Outsourced CFO? There are many benefits to outsourcing the Chief Financial Officer (CFO) role, especially if you own a small business. An outsourced CFO ensures you are getting the same expertise from a CFO even if you may not have the financial resources to retain or support a full-time. The post Outsourcing Your CFO appeared first on CPA firm in Orange County, CA | CAPATA.
LyfeAccounting
JUNE 11, 2021
How to pay yourself in an S-Corporation? According to the IRS, you need to pay yourself a reasonable salary. But what in the world is a reasonable salary? And shouldn’t you want to pay yourself the highest salary possible? Like, why is this a thing? Well, it’s a thing because by paying yourself a very low salary in an S-Corporation, you are effectively lowering the amount of taxes you pay.
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FraudFiles
JUNE 11, 2021
CPAs doing traditional tax and auditing services are often looking for other streams of revenue to fill in the gaps outside of busy season. Litigation support work might be a great fit for them. Attorneys are always looking for expert witnesses with certain areas of expertise, and accountants doing general work might be a good option. What is your focus?
RitaKeller
JUNE 11, 2021
“A business enterprise has two basic functions: marketing and innovation.” – Peter F. Drucker. It’s Friday again and time for an enlightening Flashback Friday post. Peter F. Drucker’s view on the purpose of a business is something you should consider. Click here.
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