You can ask questions or request changes at any time – our team is here to help. We help startups manage their accounting and finance functions with unprecedented ease. Don’t fret over bookkeeping, billing, budgets or board reports — just leave it all to us. Consider branching out into catering Read more…
Startups are dynamic entities with unique challenges and opportunities that traditional accounting measures might overlook. Adjustments and considerations are therefore necessary to ensure that the valuation reflects the true essence of the startup’s financial health and prospects. While book value is a fundamental accounting measure, its role in startup valuation Read more…
We leave further discussion of capital leases for an intermediate accounting text. Intangible assets should not be used to assess a company’s liquidity or short-term financial health because they cannot easily be converted into cash. Additionally, their value can be subjective and prone to impairment, making them less reliable for Read more…
Our platform allows you to automate data inputs from most major providers to avoid common mistakes. We partner with merchants like Gusto, Stripe, Shopify, and Square—so your finances are always accurate. Our team of pros is familiar with Indiana tax rules and will customize their approach to your business’ unique Read more…
While there is no current plan to change this, ongoing debates about state finances, budget deficits, and funding for public services could lead to future proposals. To find out if the Illinois Department of Revenue has initiated illinois state income tax the refund process for your current year refund. Illinois Read more…
If you improve depreciable property, such improvement should be treated as a separate depreciable property, at least for tax purposes. The only exception to the rule is that land is a non-depreciable property when some parts of it are used up, like it’s a mine that’s emptied of its reserves. Read more…
We use this estimate to record Bad Debt Expense and to setup a reserve account called Allowance for Doubtful Accounts (also allowance method write off called Allowance for Uncollectible Accounts) based on previous experience with past due accounts. We can calculate this estimates based on Sales (income statement approach) for Read more…
Additional services are available for other tax issues, businesses, individuals seeking tax strategies, and business owners seeking tax strategies. Solutions Tax & Bookkeeping, LLC has won the 2015 Best of Winners Award. Taxation services support individuals and businesses with tax planning, compliance, and filing. Outsourced Bookkeeping For CPAS And Accounting Read more…
We utilize professional accounting software like QuickBooks for our bookkeeping services and can help bring your firm’s productivity to a superior level. Our firm offers bookkeeping services for small businesses in the Houston Metro area. We can be available for in-person meetings but can also work with your employees remotely. Read more…
The cash book balance represents the net https://www.bookstime.com/ cash position of the entity at a specific point in time. Transactions such as checks written or deposits made may not be immediately reflected in the bank’s records. This lag can cause temporary differences that need to be reconciled once the bank Read more…