Many businesses are started with a grand idea of a product or service, and many business owners aim to create a profit from that grand idea, skipping over any thoughts of cash
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Congratulations, you have turned a profit from the sale of capital property! Capital gains are an exciting topic in finance, as this means the company has turned a profit from a sale.
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Capital gains involve capital property, which is exciting because they means the company owns large assets! We start by pointing out the excitement because this article will involve financial terms and tax
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Just the word “taxes” makes some business owners cringe. Taxes tend to involve quite a bit of time and organization to collect the necessary information and documents that an accountant may need
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Tax preparation is a tedious yet necessary task that all businesses must go through as they will inevitably need to be filed at the end of each fiscal year. While it may
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Year-end taxes are an unavoidable part of running a business. They must be done every year, whether or not we want to have them done (let’s be honest, who really wants to
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“Yay tax time!” – said pretty much no business owner, ever. We understand corporate year-end can be a stressful and frustrating time of year between wrapping up the current fiscal year, planning
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This article is about cost allocation and the differences between Direct and Indirect costs. Cost allocation is the assigning of a cost to several cost objects such as products, departments or expenses.
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Year-end for corporations is a very important time as how they finish out the current year will impact how they start the year ahead. When it comes to completing taxes, the accountant
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Can you imagine being lost at sea, and the sick feeling of not knowing what direction you were going? Not knowing what is going on with your business’s financials would likely feel
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