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December 21, 2022
Trailing Twelve Months In Finance

Importance Of Trailing Twelve Months In Finance

Being a small business owner, it is extremely important to compile and report your financial data accurately. When you have complete clarity about your finances, you […]
December 16, 2022
W-9 tax form

What Is A W-9 Tax Form And How Is It Used?

A W-9 tax form, in a nutshell, is a form that is used by a person to report a certain kind of taxable income. This form […]
December 15, 2022
IRS Form 720

A Guide To IRS Form 720

Are you a small business dealing in goods and services which are subjected to excise tax, like fishing equipment, gasoline, or air transportation? If the answer […]
December 15, 2022
Good Liquidity

Understanding Good Liquidity And Its Ratios

It is extremely vital for a business to have a clear understanding of the company’s accounting liquidity. In order to achieve that, you need to explore […]
December 14, 2022

Opening Balance Equity And Its Importance

Accounting software are gaining popularity rapidly, especially among small and large enterprises. However, there are a lot of accounts that are unfamiliar to business owners; one […]
December 9, 2022
Profitability Models

Profitability Models – How They Help In Forecasting The Future

“Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model.” -Steve Blank Profitability models matter regardless of […]
December 8, 2022
Cost Recovery Method

What Is A Cost Recovery Method

Cost recovery plays a crucial role when it comes to defining a business’s taxable income, and it can impact the decisions related to investment. To understand […]
December 7, 2022
Assets Depreciated

What Does IRS Say About Depreciable & Non-Depreciable Assets

Depreciation is a devaluation of an asset over a period of time. Your tangible assets like equipment, vehicles, building, furniture, and machinery are all examples of […]
December 1, 2022
Tax Invoices

A Simplified Guide To What Is Tax Invoice, Its Key Elements & Purpose

A tax invoice is a vital piece of evidence that a seller gave services or goods to a buyer. A customer can demand a tax invoice […]