What is Salvage Value? Salvage value is the remaining book value of something valuable (like a machine or equipment) after it has gone through wear and […]
No matter what they do, small businesses will always require help with their financial records. If you’re considering becoming a bookkeeper, our guide can help you […]
During the tax filing season, you must consider various expenses related to your car and business meals. A recent survey by Capital One found that 56% […]
Accountants and bookkeepers use “account reconciliation” to ensure all the transactions are recorded correctly in the company’s financial records. It helps keep track of the company’s […]
Have you hired any employees for your small business this year? Managing employment taxes, specifically federal unemployment (FUTA) taxes, is essential when you have a workforce. […]
What does a tax write-off mean? Businesses frequently use write-offs to deal with losses related to various situations. On a financial statement, a write-off usually involves […]