We will find you all the deductions you qualify for, help you avoid IRS penalties, and ensure that you only pay the minimum taxes necessary. As such, it is imperative that you prioritize the management of your accounts and invest in premium trucking accounting software. Set your business up for success by choosing the best …
OregonSaves is a state-run retirement program that offers a Roth IRA savings plan for Oregon residents and workers employed at in-state businesses. It’s available to all self-employed individuals or private-sector employees who don’t have company-sponsored retirement plans at their workplace. While the 2008 financial crisis helped contribute to this shortfall, other factors such as wage …
Retirement Plan Laws in Oregon: The Basics of OregonSaves Read More »
Outsourcing can streamline operations, introduce advanced technology, and offer access to specialized expertise, which might not be feasible in-house. The real value lies in how these services can free up your firm’s resources, allowing a sharper focus on client relationships and strategic growth. Ultimately, the investment in outsourced accounting services is about enhancing efficiency, accuracy, …
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After all, if you were told that Walmart made only $2 million profit last year, you would likely be concerned with respect to the management capability and performance of Walmart. Making only $2 million profit on revenues in excess of $400 billion worth of sales would not be at all impressive. Ratio analysis refers to …
Without a TPA, your internal HR team or a dedicated staff member will process healthcare claims for their colleagues. While the individual may be trustworthy and keep all medical information confidential, other employees may feel uncomfortable and not participate in the plan. If the individual processing claims isn’t trustworthy, that could lead to employee lawsuits …
If you need to buy a car, you can purchase it with a car loan, a form of leverage that should be used carefully. But you generally buy a car to provide transportation, rather than earn a nice ROI, and owning a car may be necessary for you to earn an income. When you purchase …
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The higher the accounts payable turnover ratio, the quicker your business pays its debts. This article will deconstruct the accounts payable turnover ratio, how to calculate it — and what it means for your business. Finding the right accounts payable turnover ratio allows a company to use its revenues to pay off its debts to …
Accountants are tasked with ensuring that events have been accurately recorded and that the financial statements accurately reflect the financial condition of the business. “The work is important, challenging, and allows you to continue to enhance your skill set,” Stephens said. For example, you may develop skills in data-driven decision-making, difference between accounting and financing …
Accounting vs Finance Degree: What’s the Difference? Read More »
Our franchise owners take advantage of our proven system to help businesses save on their bookkeeping costs and make a difference by adding real value to their bottom line. Discover the top five common franchise accounting mistakes and learn how to avoid them. This blog offers valuable insights, helping you streamline your franchise’s financial management …
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You will notice that the transactions from January 3, January 9, January 12, and January 14 are listed already in this T-account. The next transaction figure of $2,800 is added directly below the January 9 record on the debit side. The new entry is recorded under the Jan 10 record, posted to the Service Revenue …
Accounting Journal Entries: Definition, How-to, and Examples Read More »