Bookkeeping

Although they are decreasing their operating leverage, the decreased risk of insolvency more than makes up for it. As you can see from this example, moving variable costs to fixed costs, such as making hourly employees salaried, is riskier in that fixed costs are higher. However, the payoff, or resulting net income, is higher as […]

If you need more mobility than this locally installed software offers, you can sign up for the QuickBooks Gold with cloud access packages. When purchasing QuickBooks Desktop Pro, there are several additional fees to be aware of. Intuit isn’t always very forthcoming with these add-ons and fees, so we wanted to share them. QuickBooks Online […]

QuickBooks is an accounting software program that offers a variety of features to help small businesses manage their finances. The software can be used to track income and expenses, create invoices and receipts, and generate financial reports. For powerful, easy-to-use financial management, Quicken Simplifi is your go-to choice. For more robust tools and in-depth features, […]

If you’re having trouble making your monthly payments, you have too much debt. A more specific number to keep in mind, especially for would-be homebuyers, is a debt-to-income ratio of 43%; above this mark, most lenders won’t approve you for a conventional mortgage. Some debt-averse people are more concerned about the total amount of their […]

Based on our findings, we will provide you with valuable advice and recommendations on strategies to effectively reduce your expenses. With our expertise, you can identify potential cost-saving opportunities and optimize your expenditure management. Access aging reports and customer-based reports to gain visibility into your outstanding receivables. By staying informed about what is owed to […]

As you compare the compound interest line tothose for standard interest and no interest at all, you can see how compounding boosts the investment value. Annual Interest Rate (ROI) – The annual percentage interest rate your money earns if deposited. Compound interest takes into account both interest on the principal balance and interest on previously-earned interest. […]

If the S corporation is attaching Form 8996, check the “Yes” box and enter the amount from Form 8996, line 15, in the entry space. See Certification as a qualified opportunity fund, earlier. A taxpayer meets the gross receipts test if the taxpayer has average annual gross receipts of $29 million or less for the […]