Differences Between Consolidated and Combined Financial Statements
There are significant differences between consolidated and combined financial statements, which is based on how they present their financial information. Combined statements are used mostly by businesses with subsidiary arms. Compared to the consolidated statements, the combined statements give a list of activities of a group of related companies in a single document. Every one [...]
How to Make Sure You’re Using PPP Properly
The Paycheck Protection Program has helped thousands of businesses get out of tight situations, but if you’re not using your loan properly, you might have to pay the loan back with a 1% interest. In this article, you will be given tips on how to use your PPP correctly so you will be eligible for [...]
Ready To Switch Accounting Firms? Here Are The Pros And Cons
A good accounting firm is critical to your company’s growth and financial integrity. Yet trust in their counsel is just as important, so weigh the pros and cons carefully before changing accountants. Five Signs It’s Time To Switch Accounting Firms They stick to taxes. This retroactive advice works well for the short-term–no one wants to [...]
Common Mistakes Small Business Owners Make on Their Taxes
Here are some frequent mistakes you might make as a small business owner when it comes to taxes. We’ll take a look at some common errors, while simultaneously moving through some easy solutions to staying on top of those taxes this next fiscal year. Not Keeping Organized Records As a small business, it is all [...]
How To Get The Most Out Of Your Relationship With Your CPA
A Certified Public Accountant will do a lot for your business, but many business owners continuously feel like they aren’t getting enough out of their relationship with their CPA. Whether it’s because they’re too busy or you’re only not utilizing them to their full potential, there will always be ways to enhance this relationship. CPAs [...]