Maand: oktober 2022

If we rearrange the Accounting Equation, Equity is equal to Assets minus Liabilities. Net Assets is the term used to describe Assets minus Liabilities. You can think of them as resources that a business controls due to past transactions or events. Understanding how the accounting equation works is one of the most important accounting skills for […]

Conversely, a partnership is a business owned by more than one person, with its equity consisting of a separate capital account for each partner. Finally, a corporation is a very common entity form, with its ownership interest being represented by divisible units of ownership called shares of stock. Corporate shares are easily transferable, with the current holder(s) of the […]

We work hard to evaluate the necessary tools and technologies that support remote work relationships while providing the key checks and balances needed in bookkeeping. Even at the top of the range – $2,500 per month – it would cost your business $30,000 a year. Outsourced bookkeeping comes with none of the a la carte […]

You may also need to file additional personal and business returns if your business operates in multiple states, which would cost you more. For example, a Florida-based business owner doesn’t need to file a state income tax return because the state doesn’t require it. But if that business owner stores their inventory or has sales […]