Accounting is an integral part of virtually every business, large and small. One of the primary decisions business owners must make when a sorting out their accounting needs is whether to directly hire a fulltime or part time accountant, or …
You want to remain competitive in the marketplace in terms of marketing, yet the thought of not getting a return on your investment drives you insane. It may be easier to ignore the fact that social media has become an …
Small business owners may talk a good game when describing their accounting skills, but a new survey by Staples found that a mere 45 percent of small business owners are able to define basic accounting principles. Ouch. That means basic …
Your marketing strategies are usually reflective of your business’ growth and your overall success. So why are you putting off what is in your best interest? Marketing must be done with an objective in mind, and your fears and reservations …
If you’re lucky, you’ll spend a career working with dream clients. But if you’re like the vast (and I mean vast) majority of accountants, you will likely find yourself, at one point or another, parting ways with a client or …
Although financial statements from foreign countries may be difficult to read and interpret, there are ways they attempt to make them more user-friendly to North American investors. There are three main hindrances in understanding a foreign country’s financial statement. These …
The basic financial statements a company produces are not only for internal evaluation, but for the use of external entities like shareholders and creditors. Typically, these external users want to see a company’s balance sheet, income statement, statement of ownership …
Ambrose Bierce once famously defined a corporation as “An ingenious device for obtaining individual profit without individual responsibility.” You can put that one in the pro or the con column depending on your personal views, but the steadfast corporation, a …
When starting a business, one must legally define it. How the business is established can bring individual advantages or disadvantages. There are three filing options: proprietorship, partnership, and C corporation. A partnership is a business run by two or more …
The Generally Accepted Accounting Principles (GAAP) have been established to provide a nationwide standard of accounting. Using GAAP reporting supplies financial statements with a consistent structure, making them easily understood and comparable for external entities. The IRS and outside investors …