The evolution of financial reporting
In recent years, the accounting rules have undergone significant changes, [...]
You don’t have to be in business to deduct certain vehicle expenses
When you think about tax deductions for vehicle-related expenses, business [...]
Eyes on the income statement
When reviewing their income statements, business owners tend to focus [...]
Maximize your year-end giving with gifts that offer tax benefits
As the end of the year approaches, many people start [...]
Reminder: Profits and cash flow aren’t the same
Profitable businesses often experience cash flow shortages, particularly if they’re [...]
Is your money-losing activity a hobby or a business?
Let’s say you have an unincorporated sideline activity that you [...]
Cutoffs: When to report revenue and expenses
Timing is critical in financial reporting. Under accrual-basis accounting, the [...]
Unlock your child’s potential by investing in a 529 plan
If you have a child or grandchild planning to attend [...]