We knew we didn’t get into bookkeeping just for the money. A new survey has found that the “date-ability” of bookkeepers and accountants is quite high. This is a great boost for those of us who wished for a new calculator when we blew out the candles of our birthday cake. Okay, we’ll settle for the […]
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Learning a good bookkeeping trick or two can be an insurmountable process for everyone from Fortune 500 companies to the self-employed. Every business in each state has its own unique financial strategy that goes beyond “make a lot of money.” One easy way to do just that is to save more money and pay less […]
When a business would like to apply for an S corp in Texas, it must file all of the appropriate documentation with the Texas Secretary of State in addition to the I.R.S. Texas S corporations may not have more than 100 shareholders and can have as few as one. However, all of these shareholders must […]
As we have previously discussed, there are many types of corporations in Texas. One of the most common and beneficial can be the S Corporation, also known as a small business corporation. No matter if you are a self-employed company of one, just starting a business, or have had one for several years, forming an […]
Setting up corporations in Texas involves selecting the appropriate type for your business as well as filling out the appropriate document with the Texas Secretary of State. There are many benefits to setting up a corporation not the least of which is a significant break on your federal taxes, as well as some legal perks. […]
We have been blogging all month on the topic of financial statements and their benefits and have noticed that even the best ones can be incredibly difficult to read and understand. Today, we will discuss a few simple tricks to remember when reading financial statements. You don’t have to be an accountant, bookkeeper, or even […]
As we have previously discussed, financial statements are an official bookkeeping record of the fiscal activities of a business, individual, or non-profit agency. These written reports detail the strength, performance, and liquidity of their finances and have many benefits to having them professionally prepared. But if you are still confused as to what makes a […]
Learning the benefits of financial statements are similar to learning the benefits of diet, a sports team, or an investment. A financial statement is basically all the relevant information on a business contained in a few pages that can give the reader a simple snapshot of the company’s past, present, and estimated future. So if […]
Financial statements are an accounting and official bookkeeping record of the financial activities of a business, individual, or even non-profit organization. The statements are essentially written reports that detail the financial strength, performance, and liquidity of these entities. A good financial statement is a snapshot of the bottom line and everything to do with the […]
Payroll can be a difficult task for many small business owners, who will often outsource it to an experienced employee or local firm. There are a lot of terms and laws to follow and to navigate, which can result in huge errors that can be catastrophic. To make understanding payroll terms easier, here are the […]
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