Working Capital

Working Capital What is Working Capital? Working capital measures a business’ ability to pay its short term liabilities. This is measured by subtracting the total current assets from the total current liabilities.  Current assets include cash, inventory, receivables, and other assets which…

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1099 or Employee?

Is your worker a 1099 or an Employee? The holidays will be over before you know it and it will be time to issue forms 1099 and W-2. How do you know which one you should issue?  Have you paid…

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Why a Small Business Should Have a CPA

Why a Small Business and Start-up Companies Should Have a CPA Accountants can assist with all stages of your small business.   Most entrepreneurs don’t realize the value a CPA can add to their business; accountants are not just for preparing…

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The Impact of New FASB Lease Requirements

New Lease Requirements for Lessees Scandals in the last several decades, such as Enron, have caused accounting organizations throughout the world to take a look at the way leases are reported or not reported on the financial statements. As a…

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Are Gifts to Employees Taxable?

Did you know certain gifts are taxable income to the employees, which can irritate your employees and defeat the purpose of your gifts?  Also there are reporting requirement for the business.  If a gift is taxable income for employees, the…

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How to Survive an Audit

Just the idea of being audited by the IRS strikes fear into the hearts of most small business owners. Some peace of mind should be found in the fact that audits are pretty rare for one simple reason: money. The…

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