Understanding Accounting Terminology

Giving Large Gifts? What You Should Know About Taxes

Do you want to leave a legacy for friends, family, or a worthy cause while still being able to watch them enjoy your gift? If so, then you are among the increasing number of Americans who choose to gift money or assets to others during their lifetime rather than as part of their estate.  Before you start giving away your money, you'd do well to learn a little about how to avoid an unwelcome tax bill from your generosity.   Read More...

3 Ways You're Affected By The Pass-Through Entity You Choose

Are you considering forming a pass-through entity for business purposes? Modern entrepreneurs have many options today when it comes to choosing a business entity, and more and more owners are opting for a pass-through entity. But before you jump into such formation, here are three key elements to understand. Income Recognition Generally, pass-through entities — such as S corporations and partnerships — must pass through most or all of their income to the owner for income tax reporting.   Read More...

3 Ways Proper Business Accounting Can Help You Run Your Business

If you are a business owner who is wondering what you can do to make running your business easier, then you may want to look into hiring a business accounting firm. The right business accountant may be able to help you run your business more easily and in a better way for these reasons and more. 1. Make Sure There are No Tax-Related Problems Tax-related problems can cause major issues for business owners and might cause you and your business more problems than you realize.   Read More...

Keys For Handling Your Business Payroll

Too many companies let the details slip by the wayside. One of the details that you can't afford to get lax with is your payroll. By managing your payroll, not only will you have happy, content employees, but you will also have a better handle on balancing your books. To this end, working with a payroll service company can be one of the best steps that you take. Follow these tips so that you can find payroll services and get the help that you are looking for.   Read More...

3 Ways That Software Can Help You Maintain Better Client Relationships

If you're in an industry that involves a lot of repeat business, it's probably important to you to try to maintain relationships with the customers that you already have. After all, reaching out to new clients is always a good thing, but you know that your previous customers are interested in what your business has to offer. If you'd like to maintain better client relationships, consider investing in a software program that is designed to help with this -- along with helping with other aspects of running your business, such as handling bookkeeping and payroll.   Read More...